With increasing numbers of companies using Software as a Service (SaaS) applications, there is a need for proper security to ensure operation integrity, safeguard confidential information, and ensure customer trust. SaaS applications are hosted over cloud infrastructure and store, process, and communicate data on various networks and devices. All this vast accessibility with its unprecedented convenience and scalability comes with the whole list of vulnerabilities over which cybercriminals feed actively. Following SaaS Security Best Practices is essential to address these risks effectively.
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SaaS applications are some of the most desired cyber attack resources because they handle massive amounts of individual, monetary, and business-confidential information. Sophisticated threats like phishing, ransomware, API attacks, and insider attacks are embraced by cyber attackers to execute unauthorized computer access. Security compromises can be economically crippling, including:
Reputation Harm: One security incident would damage customer trust and reputation via lousy publicity and lost sales.
Financial Consequences: The incident can lead to expensive fines, lawsuits, and business disruption to affect revenues.
Legal and Regulatory Fines: Non-compliance with regulations like GDPR, HIPAA, or SOC 2 can lead to fines and lawsuits.
“Explore our comprehensive guide to SaaS Application Security.
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