Software as a Service | Breaking Cybersecurity News | The Hacker News

According to recent research on  employee offboarding , 70% of IT professionals say they've experienced the negative effects of incomplete IT offboarding, whether in the form of a security incident tied to an account that wasn't deprovisioned, a surprise bill for resources that aren't in use anymore, or a missed handoff of a critical resource or account. This is despite an average of five hours spent per departing employee on activities like finding and deprovisioning SaaS accounts. As the SaaS footprint within most organizations continues to expand, it is becoming exponentially more difficult (and time-consuming) to ensure all access is deprovisioned or transferred when an employee leaves the organization.  How Nudge Security can help Nudge Security is a  SaaS management platform  for modern IT governance and security. It discovers every cloud and SaaS account ever created by anyone in your organization, including generative AI apps, giving you a single source of truth for depa

Early in 2024, Wing Security released its State of SaaS Security report , offering surprising insights into emerging threats and best practices in the SaaS domain. Now, halfway through the year, several SaaS threat predictions from the report have already proven accurate. Fortunately, SaaS Security Posture Management (SSPM) solutions have prioritized mitigation capabilities to address many of these issues, ensuring security teams have the necessary tools to face these challenges head-on. In this article, we will revisit our predictions from earlier in the year, showcase real-world examples of these threats in action, and offer practical tips and best practices to help you prevent such incidents in the future. It's also worth noting the overall trend of an increasing frequency of breaches in today's dynamic SaaS landscape, leading organizations to demand timely threat alerts as a vital capability. Industry regulations with upcoming compliance deadlines are demanding similar time-sens

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SaaS applications are dominating the corporate landscape. Their increased use enables organizations to push the boundaries of technology and business. At the same time, these applications also pose a new security risk that security leaders need to address, since the existing security stack does not enable complete control or comprehensive monitoring of their usage. LayerX has recently released a new guide, " Let There Be Light: Eliminating the Risk of Shadow SaaS " for security and IT teams, which addresses this gap. The guide explains the challenges of shadow SaaS, i.e., the use of unauthorized SaaS apps for work purposes, and suggests practices and controls that can mitigate them. The guide also compares various security controls that attempt to address this risk (CASB, SASE, Secure Browser Extension) and explains how each one operates and its efficacy. Consequently, the guide is a must-read for all security leaders at modern organizations. Here are the main highlights:

In today's digital-first business environment dominated by SaaS applications, organizations increasingly depend on third-party vendors for essential cloud services and software solutions. As more vendors and services are added to the mix, the complexity and potential vulnerabilities within the  SaaS supply chain  snowball quickly. That's why effective vendor risk management (VRM) is a critical strategy in identifying, assessing, and mitigating risks to protect organizational assets and data integrity. Meanwhile, common approaches to vendor risk assessments are too slow and static for the modern world of SaaS. Most organizations have simply adapted their legacy evaluation techniques for on-premise software to apply to SaaS providers. This not only creates massive bottlenecks, but also causes organizations to inadvertently accept far too much risk. To effectively adapt to the realities of modern work, two major aspects need to change: the timeline of initial assessment must shorte

A company's lifecycle stage, size, and state have a significant impact on its security needs, policies, and priorities. This is particularly true for modern mid-market companies that are either experiencing or have experienced rapid growth. As requirements and tasks continue to accumulate and malicious actors remain active around the clock, budgets are often stagnant at best. Yet, it is crucial to keep track of the tools and solutions that employees are introducing, the data and know-how shared through these tools, and to ensure that these processes are secure. This need is even more pronounced in today's dynamic and interconnected world, where third-party applications and solutions can be easily accessed and onboarded. The potential damage of losing control over the numerous applications with access and permissions to your data requires no explanation. Security leaders in mid-market companies face a unique set of challenges that demand a distinct approach to overcome.  To begin

With SaaS applications now making up the vast majority of technology used by employees in most organizations, tasks related to identity governance need to happen across a myriad of individual SaaS apps. This presents a huge challenge for centralized IT teams who are ultimately held responsible for managing and securing app access, but can't possibly become experts in the nuances of the native security settings and access controls for hundreds (or thousands) of apps. And, even if they could, the sheer volume of tasks would easily bury them. Modern IT teams need a way to orchestrate and govern SaaS identity governance by engaging the application owners in the business who are most familiar with how the tool is used, and who needs what type of access.  Nudge Security is a  SaaS security and governance solution  that can help you do just that, with automated workflows to save time and make the process manageable at scale. Read on to learn how it works. 1 . Discover all SaaS apps used b

With many of the highly publicized 2023 cyber attacks revolving around one or more SaaS applications, SaaS has become a cause for genuine concern in many boardroom discussions. More so than ever, considering that GenAI applications are, in fact, SaaS applications. Wing Security (Wing), a SaaS security company, conducted an analysis of 493 SaaS-using companies in Q4 of 2023.  Their study reveals  how companies use SaaS today, and the wide variety of threats that result from that usage. This unique analysis provides rare and important insights into the breadth and depth of SaaS-related risks, but also provides practical tips to mitigate them and ensure SaaS can be widely used without compromising security posture.  The TL;DR Version Of SaaS Security 2023 brought some now infamous examples of malicious players leveraging or directly targeting SaaS, including the North Korean group UNC4899, 0ktapus ransomware group, and Russian Midnight Blizzard APT, which targeted well-known organizat

The Midnight Blizzard and Cloudflare-Atlassian cybersecurity incidents raised alarms about the vulnerabilities inherent in major SaaS platforms. These incidents illustrate the stakes involved in SaaS breaches — safeguarding the integrity of SaaS apps and their sensitive data is critical but is not easy. Common threat vectors such as sophisticated spear-phishing, misconfigurations and vulnerabilities in third-party app integrations demonstrate the complex security challenges facing IT systems. In the case of Midnight Blizzard, password spraying against a test environment was the initial attack vector. For Cloudflare-Atlassian, threat actors initiated the attack via compromised  OAuth tokens  from a prior breach at Okta, a SaaS identity security provider.  What Exactly Happened? Microsoft Midnight Blizzard Breach Microsoft was targeted by the Russian "Midnight Blizzard" hackers (also known as Nobelium, APT29, or Cozy Bear) who are linked to the SVR, the Kremlin's forei

The SEC isn't giving SaaS a free pass. Applicable public companies, known as "registrants," are now subject to cyber incident disclosure and cybersecurity readiness requirements for data stored in SaaS systems, along with the 3rd and 4th party apps connected to them.  The new cybersecurity mandates  make no distinction between data exposed in a breach that was stored on-premise, in the cloud, or in SaaS environments. In the SEC's own words: "We do not believe that a reasonable investor would view a significant data breach as immaterial merely because the data are housed on a cloud service." This evolving approach comes as SaaS security shortcomings continually make headlines and tech leaders debate  how the SEC may change cybersecurity  after charging both SolarWinds and its CISO with fraud.  Why SaaS and SaaS-to-SaaS Connection Risks Matter to the SEC — And To Your Organization  The perception and reality of SaaS security are, in many cases, miles apart. SaaS security leader  App