Thursday, July 18, 2024

Spike in SaaS Assets Raises Data Security Concerns

This is a digital world and businesses are thriving with the help of technology. Lately, there has been a noticeable surge in the use of Software-as-a-Service (SaaS) platforms, which helps companies streamline operations. However, there is a growing concern about the security of the data these platforms handle.

A finding is ringing alarm bells. A report from the 2024 State of SaaS Data Security by DoControl reveals an average of 286,000 new SaaS assets were created on weekly basis in 2023. It is an increase by 189% from the previous year. This is definitely a staggering number. So, what does it mean for businesses?

It has been found that about one in six employees have been caught sharing company data through personal email accounts. This is like sending confidential files into the wild. Adam Gavish, the CEO of DoControl, states that it is crucial to tighten up security measures.

Having poor security makes businesses an easy target for hackers and it can even tarnish the reputation. This will further hurt businesses in the long run.

Sometimes it has been witnessed that former employees still snoop around the SaaS applications even after quitting the company. This is scary. Even many companies have old as well as outdated assets on platforms like Google Workspace and these can be easily exploited.

DoControl suggests some simple solutions. It is recommended to set up centralized and automated controls for who can access what in the SaaS apps. It is like putting locks on all the doors and windows of a digital house.

Do note that the rise in SaaS assets is a wake-up call for businesses. It is the time to step up and exercise data security measures.


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