Thu, 30 Jun 2022

When it comes to keeping your information secure, there is no such thing as being over-cautious. You may be using a Software as a Service (SaaS) application to store and access your data, which puts you at risk if the security of that application is not up to par.

In this blog post, we will discuss SaaS security best practices and why they are so important. We will also talk about the risks associated with not implementing these best practices, and how security audits can help improve your SaaS security posture. Finally, we will provide a list of companies that offer continuous security audits for SaaS businesses.

What Is SaaS Security?

SaaS security is the protection of data that is stored and accessed using a SaaS application. This data can include customer information, financial data, company secrets, and more.

The importance of SaaS security best practices cannot be understated. If your data is compromised, it could lead to a loss of customers, revenue, and reputation. In certain situations, it might even result in your company being sued.

That is why it is so important to understand the risks associated with not implementing SaaS security best practices, and how you can mitigate those risks through continuous security audits.

Risks Associated With Not Implementing Best Practices

There are a number of risks associated with not implementing SaaS security best practices. These risks can be divided into three categories:

  • Technical risks: These are risks that arise from the technical vulnerabilities of the SaaS application itself. For example, if a SaaS application has a flaw in its security design, an attacker could exploit that flaw to gain access to your data.
  • Operational risks: These are risks that arise from the way the SaaS application is operated. For example, if you do not have adequate controls in place to monitor and detect suspicious activity, an attacker could gain access to your data without being detected.
  • Human factors: These are risks that arise from the human elements of the SaaS equation. For example, if your employees are not trained on how to properly use the SaaS application, they could inadvertently expose your data to an attacker.

SaaS Security Best Practices- Explained In Detail

There are a number of best practices that businesses should follow in order to improve their SaaS security posture. These best practices can be divided into three categories:

  • Technical best practices: These are best practices that relate to the technical aspects of the SaaS application. Double-checking that your SaaS solution is up to date with the most recent security upgrades is an example.
  • Operational best practices: These are best practices that relate to the way the SaaS application is operated. You should have adequate security measures in place to track and identify suspicious behavior, for example.
  • Human factors best practices: These are best practices that relate to the human elements of the SaaS equation. You should, for example, educate your staff on how to utilize the SaaS software effectively.

If you follow these suggestions, you'll dramatically lower the likelihood of your data being stolen.

How Can Security Audits Help With SaaS Security?

One of the best ways to improve your SaaS security posture is to perform regular security audits. A security audit is a thorough investigation of the security of a SaaS application. It may identify various technical, operational, and personnel issues and make suggestions for reducing them.

There are several SaaS security companies which provides with continuous security checks. These companies will perform regular audits of your SaaS application and provide you with reports that detail any risks that were identified and how to mitigate them.

Some of these firms are:

  • Astra's Pentest Suite
  • Veracode
  • WhiteHat Security
  • BitSight Technologies
  • Rapid seven
  • Netskope

Steps In SaaS Security Audits- Explain?

The steps involved in conducting a security audit are as follows:

  • Identify the scope of the audit.
  • Collect data about the SaaS application.
  • Analyze the data to identify risks.
  • Make suggestions for preventing those problems.
  • After the performance evaluation, contact the executive to verify that your recommendations have been implemented.

Final Thoughts

In today's digital world, every business must be concerned with SaaS security. There are a number of risks associated with not implementing SaaS security best practices, but these risks can be mitigated through continuous security audits. Implementing the recommendations in this post may help you avoid data breaches.

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