SaaS data security: here’s why enterprises need to focus on this fast-growing challenge now!

SaaS data security: here’s why enterprises need to focus on this fast-growing challenge now!
madhav
Thu, 09/21/2023 – 05:05

        <div><h3>A perfect storm…</h3>

For several years now and especially post-pandemic, enterprises have shifted to a distributed business model, where employees, devices, computing and storage systems, applications and data have moved outside the traditional enterprise IT boundaries. In fact, today’s most successful companies are characterized by increased SaaS usage, with a growing percentage of critical business data running on SaaS apps. This is further augmented with an accelerated cloud migration, primarily towards multi-cloud deployments.

Of course, no good story is complete without some dark characters. Attacks on SaaS applications are at an all-time high. With a larger number of SaaS Apps across multiple cloud platforms to secure, operational errors and their associated risks start to grow. This creates an increased attack surface, placing a greater need on enterprises to improve their SaaS security posture.

Besides the evolving technology landscape, the business arena is also being shaped by a growing number of regulatory compliance requirements related to privacy and data protection, and the associated rise of data sovereignty mandates. Enterprises understand that without a well-crafted sovereignty and compliance strategy, they will struggle to unlock the true value of SaaS and the cloud in their operational jurisdictions.

All in all, while the growth of enterprise SaaS usage is accelerating, the threats against SaaS in the cloud will continue to become more hostile, requiring increasing effort to secure, posing significant challenges for enterprises.

It’s shaping up to be a perfect storm!

It’s a multi-cloud multi-SaaS world…

Multi-cloud is the norm now, and the Thales 2023 Cloud Security Study confirms this trend. On average, enterprises use 2.3 cloud platforms, which, while unlocking many benefits, also puts pressure on them as well as their SaaS providers to ensure seamless interoperability and support for SaaS data protection solutions across multiple cloud infrastructures.

Multi-SaaS use is also the norm, as more businesses are switching over from their legacy in-house applications. According to the same Thales

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