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By 2030, the SaaS market is predicted to become a $700 billion industry. More than 80% of organizations have increased their investments in SaaS applications.
This massive proliferation of SaaS application use in the business world might be good news for businesses that want to optimize their workflow. They can incorporate productivity tools like Airtable or Asana, team communication tools like Slack or cloud software like Microsoft 365 or Google Workspace.
But all of this SaaS application use could spell trouble for the MSPs who have to monitor those apps’ security. It’s like being a guard watching over a 60-room mansion: potential points of entry are plentiful.
SaaS cyber attacks are up more than 300% — and that’s just since March 1, 2023.
Needless to say, an MSP’s job in this space has become increasingly complex over the last decade. And SaaS app usage is a big reason.
Ahhh, the old days: when MSPs could fix a cyberattack by simply wiping a machine and reinstalling the operating system. Back then, setting a security perimeter for a customer mostly meant securing an office’s firewall.
But now, that perimeter has expanded a lot. It’s not just end users’ devices you have to worry about: It’s also the end users’ accounts.
As more employees take advantage of the increased flexibility of remote work, they can log into their user account from anywhere in the world — using a range of devices and Wi-Fi options:
Looking at that list, a shiver might go up your spine. Just think about the shaky, insecure networks at all those places!
It’s your job to protect those accounts from breaches. But you need the right tools and organizational support to do so.
Customers may sign up for new SaaS apps willy-nilly because the tools make their jobs easier. But to keep the organization safe, they need to understand how a lack of security around that usage makes your job much harder.
Sure, SaaS security might not be the most exciting thing your customers invest in, at least from their perspective. But if they care anything about saving:
… then SaaS security is critical.
The average cost of a data breach? A cool $4.45 million. That’s an all-time high, and is up more than 15% from the average in 2020, according to IBM.
And those are just the financial losses. Factor in loss of reputation plus downtime for employees as you work to restore order after a breach — and those are big hits.
In this age, data security necessitates SaaS security. And SaaS cybersecurity measures should include robust monitoring and management.
You need a tool that helps you keep a bird’s-eye view over SaaS app environments, track suspicious behavior and remediate problems as quickly as possible.
Psst … that’s us!
“Things have changed, and cybersecurity threats are way up. We have to get out of the break/fix mentality. When your client — I didn’t say if — but when your client gets compromised, they don’t want to learn you didn’t offer them the best protection. For the price point, SaaS Alerts is a no-brainer.”
