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96% of Security Executives Indicate SaaS Security is a High Priority in Valence Security's 2024 State of SaaS Security Report

By: Newsfile

New York, New York--(Newsfile Corp. - May 2, 2024) - Valence Security, the only SaaS security company that provides advanced visibility and remediation capabilities to find and fix SaaS security risks, today released its 2024 State of SaaS Security Report which found that more than half, 58%, of the organizations were affected by a SaaS security incident in the last 18 months. Likely, as a result, 96% of security leaders have made SaaS security a top priority and 93% have increased SaaS security budgets in 2024. In addition, confidence in current SaaS security programs or processes is high, with 84% saying they are very or extremely confident.

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Key Takeaways:

  • Key challenges in SaaS security include distributed management of applications outside IT/security teams, governing Generative AI adoption, and the complexity of SaaS configurations.
  • The report highlights data share risks and over privileged third-party integrations as potential threats, with 22% of external data shares using open links and all organizations providing full access to sensitive data to at least one third-party integration.
  • The report reveals that while organizations have been using CASB solutions for a decade, there is a notable shift to SSPM solutions to address modern SaaS security risks like misconfiguration blindspots and SaaS-to-SaaS visibility.

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About Valence Security
Valence Security is the first SaaS security company to combine SaaS Security Posture Management (SSPM) and advanced remediation with business user collaboration to find and fix SaaS security risks. SaaS applications are becoming decentrally managed and more complex, which is introducing misconfiguration, identity, data, and SaaS-to-SaaS integration risks. The Valence SaaS Security Platform provides visibility and remediation capabilities for business-critical SaaS applications such as Microsoft 365, Google Workspace, Salesforce, GitHub, and Slack. With Valence, security teams can empower their business to securely adopt SaaS.

Valence is backed by leading cybersecurity investors including Microsoft's M12 and YL Ventures and is trusted by leading organizations.

Contacts:
Nina Gill
781-856-3103
Nina@gillmurph.com

Source: Valence Security

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/207773

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