What Causes Security Challenges for High Tech Companies in SaaS?

It is commonly assumed that high-tech companies have an inherent advantage in security due to their younger, tech-savvy workforce and lack of legacy systems. However, recent breaches of SaaS applications used by high-tech companies, such as Slack and MailChimp, have highlighted the need for strong SaaS security configurations and threat detection measures.

High-tech companies often rely on a multitude of SaaS applications for day-to-day operations, including proprietary code storage, collaboration platforms, sales and marketing tools, legal and finance applications, data warehouses, and cybersecurity solutions. This reliance on SaaS applications can create challenges in securing the entire stack and controlling access, particularly when employees connect third-party applications to the core stack or use multiple devices to access SaaS applications.

To mitigate these risks, high-tech companies must implement strong SaaS security posture management (SSPM) and identity threat detection and response (ITDR) capabilities to prevent and quickly detect breaches. These measures can help ensure that SaaS data is secure, even in the face of workforce changes and organizational growth.