SaaS is probably the best investment an organization can make. Software as a Service covers every aspect of business and can deliver huge returns to the company concisely.
However, it comes with issues like:
- More Security Concerns
- Protection from Downtime
- Computing Power
- Data & Storage Accessibility
Thousands of cloud-based applications are vulnerable to attacks, and hackers will exploit this for a quick payout. Such the Equifax data breach in 2017 involved 148 million people and was triggered by a loophole in an app on one of the business’s sites.
Learn some of the best strategies to build an affordable but effective cloud security platform for SaaS startups with this guide.
Strategies of Cloud Security for SaaS Startups
Develop a Security Review Checklist
The first move will be to ensure that all team members know the organization’s security standards from the start. The checklist can differ based on the device, but checking and upgrading it with newer threats regularly would help to emphasize application quality and protection.
Every SaaS startup has to educate its employees on the importance of cybersecurity and its relation to digital business models. A secure digital environment will allow your average employee to be more productive, which in turn increases your company’s profit margin.
Increased security knowledge may prevent the occurrence of common hacking strategies like social manipulation. Training will also help to avoid phishing and vishing threats.
SaaS startups need to understand how to protect sensitive information within their organization best, primarily since it cannot always be controlled or protected by internal controls and systems built from scratch.
Businesses need to structure their services and products to appeal to a broad audience. The best way to do this is by making educated decisions about the products they offer. Most SaaS startups fail because they don’t consider all of their customers.
By educating your customers on how their data is being used, they will feel more involved and hopefully use more of your product.
Create a Security Culture
As your SaaS business grows, you will begin to experience the challenge that every founder and CEO has faced since the dawn of SaaS. The difference between people who succeed and those who fail is built by their ability to understand and build a security culture within their infrastructure.
Creating a cohesive security culture can help startups develop trust and confidence among their employees, clients, and the community as a whole. According to a recent poll, only 27 percent of Americans trust organizations to protect their information online. That makes many startups anxious to combine cybersecurity with lean startup methodology.
Hire Security Experts
There is an ongoing trend in the SaaS industry to hire dedicated experts who are secure and customized to your needs. Hiring security professionals as part of your product build can take some time, but it’ll be worth it in the end.
Cloud security is not a one-time investment or free service. When you are first setting up your SaaS, hiring a company to provide security as part of your offering will help facilitate the smooth and safe journey your SaaS takes from conception through launch.
Implementing Data Deletion Policy
An enforced data deletion policy is something every SaaS startup should have on board in an increasingly data-driven world. Forcing data destruction as a measure of business integrity protects users and safeguards the data stored in your cloud. However, it may surprise some that most SaaS startups don’t think of it as part of Data Loss Prevention.
With the proper data destruction policy, SaaS startups can get away with ignoring customer data. While most companies can’t get away with ceasing to exist, enforcing a data deletion policy makes staying in compliance much easier for startups.
A cloud startup’s network visibility, or ability to monitor and respond quickly to security incidents, is one of its most crucial assets. A security platform can provide tools to help you monitor network activity within your infrastructure and stop threats before they can reach your sensitive assets.
Perimeter Network Control
The perimeter is an essential component of digital security because it secures your data and data access within your data center. The term perimeter is used to describe the network or computer environment created around a corporation’s internal networks. This definition includes all networks that are not considered part of the general public and are intended only for authorized personnel.
Ensuring Audits and Certifications Compliance
Security audits and certifications are essential for protecting your software, hardware, and data in the cloud. A secure environment continually monitored and updated is essential if you want to protect the interests of users, customers, employees, investors, and other stakeholders.
SaaS technology promises lower costs and more agile results in sensitive financial and regulatory areas in the financial sector. SaaS applications can be much more reliable than on-premise apps with the right technologies and best practices