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66% of organizations say they are spending more on software-as-a-service (SaaS) apps, but few are focused on securing them.
In recent years, SaaS adoption among businesses has skyrocketed and it’s easy to see why. SaaS apps provide businesses with a cost-effective, scalable, and reliable way to quickly optimize their operations. Just about anyone can sign up for a SaaS app and associate it with work-related data.
So it is not surprising that a recent study of Axonius found that 66% of organizations are now spending more on SaaS than they were a year ago. And there are no signs that this trend is slowing down, as a large majority (74%) claim that more than half of their apps are now SaaS-based, while only a third (34%) said they were concerned about the costs associated with this increasing use.
But there is a catch. The study, which surveyed more than 500 senior decision-makers at large enterprises in the United States, the United Kingdom and Europe, indicates how far behind SaaS security is lagging in terms of urgency and priority. A majority of respondents (60%) ranked SaaS security fourth or lower on their list of current security priorities, despite their organization’s significant recent investments in SaaS-based apps.
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While these leaders acknowledge the associated risks, with 66% of respondents admitting that the proliferation of SaaS applications has led to increased complexity and heightened security vulnerabilities within their organizations, it has become nearly impossible for IT and security teams to keep up. Respondents identified limited time and resources (28%), pressure to focus on other C-suite issues (23%) and staff shortages (15%) as their top reasons for not prioritizing SaaS security.
SaaS adoption is just getting started, and if security is left on the back burner, an organization’s users and their users’ end customers will remain at risk.
“Why SaaS Security is a Priority (Even If You Don’t Know It Yet)” was populated by Savanta in H1 2022. More than 500 senior decision-makers from the US, UK and Europe were surveyed.
Read the full report from Axonius.
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