Adrian Johnson
TLDR:
According to the “2024 State of SaaS Security Report” by Wing Security, a shocking 97% of organizations were exposed to attacks via compromised SaaS supply chain applications in 2023. Supply chain attacks have emerged as a major threat, with a high percentage of organizations experiencing security incidents. Despite the use of Multi-Factor Authentication, attackers have found ways to bypass these defenses. Looking ahead to 2024, AI poses a new threat in the SaaS domain. The report offers practical tips for enhancing SaaS security, emphasizing the need for discovering and managing third-party application risks, leveraging threat intelligence, and enforcing MFA.
- 97% of organizations faced exposure to attacks via compromised SaaS supply chain applications in 2023.
- Supply chain attacks, credential stuffing attacks, and token theft are significant threats highlighted in the report.
Businesses increasingly rely on Software as a Service (SaaS) applications, but the risks associated with these applications are becoming more apparent. The report serves as a call to action for organizations to reassess their SaaS security strategies in order to protect themselves from evolving threats in the digital landscape.
Key Points:
Businesses are at risk due to exposure to attacks via compromised SaaS supply chain applications.
Supply chain attacks, credential stuffing, and token theft are highlighted as significant threats.
The report offers practical tips for enhancing SaaS security, including managing third-party risks and leveraging threat intelligence.
Full Article:
Businesses are increasingly relying on Software as a Service (SaaS) applications to drive efficiency, innovation, and growth. However, a report by Wing Security reveals that a staggering 97% of organizations faced exposure to attacks via compromised SaaS supply chain applications in 2023. This highlights a critical vulnerability in the digital infrastructure of modern businesses.
The report emphasizes the prevalence of supply chain attacks, with a significant number of organizations using apps that had security incidents in the past year. High-profile breaches affecting Norton LifeLock and PayPal customers, as well as the risk of credential stuffing attacks and token theft, pose significant threats to organizations.
Despite the adoption of Multi-Factor Authentication (MFA), attackers have found ways to bypass these defenses, targeting high-ranking executives. Looking ahead to 2024, the report identifies AI as a new threat in the SaaS domain, citing the potential risks associated with the large volume of AI models in SaaS applications.
To combat these growing threats, the report offers practical tips, including discovering and managing third-party application risks, leveraging threat intelligence, and enforcing MFA. Regaining control of the AI-SaaS landscape and establishing effective offboarding procedures are also crucial steps in enhancing SaaS security.
The “2024 State of SaaS Security Report” by Wing Security serves as a wake-up call for organizations to reevaluate their SaaS security strategies. With a high percentage of organizations exposed to attacks through compromised SaaS supply chain apps, vigilance and proactive security measures are essential to protect against evolving threats in the digital landscape.
