Why Lacking Cloud Application Security Could Cost You
As part of Solutions Review’s Premium Content Series—a collection of contributed columns written by industry experts in maturing software categories— Uri Haramati of Torii says it’s time to get your head out of the clouds and start taking cloud application security more seriously. Do you have $4.35 million to spare? How much is security worth? According to recent research, a data breach can cost a company an average of $4.35 million. That’s exactly why so many organizations invest in security solutions. So many, in fact, that it’s estimated that the cybersecurity market is to reach a value of $376.32 billion by 2029. However, despite the clear importance of security, many organizations still ignore one critical security blind spot: managing SaaS applications properly. It’s not your fault— it’s due to the decentralized nature of SaaS. Cloud applications have made it easy for anyone to try, buy, and integrate applications at will. Unfortunately, more often than not, they do so ...