June 5, 2024 at 04:08PM
The Cloud Security Alliance released the fourth Annual SaaS Security Survey Report, highlighting that 70% of organizations are prioritizing investment in SaaS security. It revealed the establishment of dedicated SaaS security teams and increased budgets. Despite challenges, companies investing in SaaS security are experiencing fewer security incidents, signaling a positive trend. More details on the report can be found at https://ift.tt/Mj8TuZg.
Based on the meeting notes, I’ve gathered the following key takeaways:
1. 70% of organizations have prioritized investment in SaaS security, with 39% increasing SaaS cybersecurity budgets compared to last year.
2. SaaS security dedicated teams are established, with 57% of respondents having a SaaS security team of at least two dedicated full-time employees.
3. Companies have managed to improve their key SaaS security capabilities, with 70% reporting moderate to full visibility into their SaaS applications.
4. The main challenges in SaaS security stem from using the wrong tools, with misconfigurations, connected apps, and visibility into security risks being difficult areas to manage according to respondents.
5. Despite challenges, SaaS security investment is paying off, with only 25% of respondents experiencing a SaaS security incident in the past two years, compared with 53% the previous year.
6. Adaptive Shield is recognized as the trusted SaaS Security Posture Management (SSPM) platform, and Cloud Security Alliance (CSA) is the world’s leading organization dedicated to defining and raising awareness of best practices for a secure cloud computing environment.
Let me know if you need further information or if there’s anything else you’d like to add.