Top 5 SaaS Security Companies of 2023

Pabitra Kumar Sahoo
April 24, 2023
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As we move towards a more connected and digitized world, adopting Software-as-a-Service (SaaS) applications is becoming increasingly common. While SaaS applications offer businesses various benefits, such as scalability and flexibility, they also present a range of cybersecurity challenges. In this blog, we will explore the top 5 SaaS security companies of 2023 and the best practices for securing your SaaS usage.

What is SaaS security and why is it important?

Software-as-a-Service security refers to the measures taken to protect the data and infrastructure of cloud-based software applications that are delivered to users over the internet. SaaS security is important because it ensures that sensitive information stored in the cloud is protected from unauthorized access, theft, or data breaches.

SaaS security involves a range of practices, technologies, and policies that work together to protect the integrity, confidentiality, and availability of data. Some of the key security measures used in SaaS applications include:

Data encryption: This involves converting data into an unreadable format that can only be decrypted using a specific key. Encryption is used to protect sensitive data such as passwords, financial information, and personal data from unauthorized access.
Access controls: Access controls help to limit who can access specific data or features within a SaaS application. This can include password policies, two-factor authentication, and role-based access controls.
Regular security updates: SaaS providers must regularly update their software to address new security threats and vulnerabilities. This ensures that the SaaS application is protected against the latest threats and that any identified vulnerabilities are patched.
Data backups: Regular backups are critical in case of a disaster or data breach. Backups ensure that data can be restored in the event of data loss or corruption.
Security monitoring: SaaS providers should use monitoring tools to detect and respond to security incidents as quickly as possible. This includes identifying and blocking suspicious activity, analyzing security logs, and conducting regular security audits.

Overall, SaaS security is important because it helps to protect sensitive data stored in the cloud from unauthorized access, theft, or data breaches. By implementing strong security measures, SaaS providers can ensure that their customer’s data is protected and that their SaaS applications remain secure and reliable.

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Our services are specifically designed to help your organization comply with various cybersecurity standards, such as:

PCI-DSS (Payment Card Industry Data Security Standard)
GDPR (General Data Protection Regulation)
HIPAA (Health Insurance Portability and Accountability Act)
ISO/IEC 27001 (Information Security Management)
SOC 2 Type I & Type II (Service Organization Control)

The Cyber-Insecurity caused by SaaS applications

It is designed to be used over the internet, making them vulnerable to cyber threats such as phishing attacks, data breaches, and ransomware. Cybercriminals can use these vulnerabilities to gain access to sensitive data or hold it hostage for ransom. Additionally, many SaaS applications require users to create and manage multiple accounts, which can lead to poor password hygiene and increase the risk of credential-stuffing attacks.

Lack of definition of SaaS ownership
Too many privileged users
Scarcity security acumen
Unchecked updates from SaaS providers

The top 5 SaaS security companies of 2023 and explore how they are helping businesses secure their SaaS applications.

Qualysec

Qualysec is a cybersecurity company specializing in providing VAPT services to organizations of all sizes. They have a team of highly skilled and certified security professionals who use the latest tools and techniques to identify vulnerabilities in your network and system infrastructure. Qualysec provides VAPT services that include both automated and manual testing to thoroughly identify all potential vulnerabilities.

What sets Qualysec apart from other service providers as they provide vulnerability management along with their unique approach to cybersecurity and cloud security. They don’t just identify vulnerabilities; they provide comprehensive application security to address those vulnerabilities. They work closely with organizations to understand their unique needs.

Qualysec offers various services which include:

The solutions offered by Qualysec are particularly beneficial for businesses that must adhere to industry rules or prove their dedication to security to clients and partners. So, by opting for Qualysec as a cloud vulnerability management service provider, businesses can ensure the safety of their cloud data.

Cisco Umbrella

Cisco Umbrella is a cloud-delivered security platform that gives organizations visibility and control over their internet activity across all devices, including those off the corporate network. It leverages DNS to block malicious domains and URLs before they can be accessed by users, preventing phishing attacks, malware, and ransomware. Cisco Umbrella also uses machine learning to analyze large volumes of data to identify and block emerging threats in real time. Hence, Cisco is among the top 5 Saas Security Companies.

Okta

This firm is a cloud-based identity and access management (IAM) provider that allows organizations to securely manage user access to SaaS applications. Okta enables organizations to implement multi-factor authentication, enforce password policies, and control access to sensitive data. It also integrates with popular SaaS applications like Salesforce, Office 365, and Dropbox, allowing organizations to centralize access management across their entire SaaS environment. Hence, Okta is among the top 5 Saas Security Companies.

Netskope

Netskope is a cloud-native security platform that provides organizations with comprehensive visibility and control over their SaaS applications. It offers a range of capabilities, including cloud DLP (data loss prevention), threat protection, and access control. Netskope also provides real-time analytics and reporting, allowing organizations to identify and remediate security risks quickly. Hence, Netskope is among the top 5 Saas Security Companies.

Palo Alto Networks

Palo Alto Networks is a cybersecurity company that provides a range of solutions for securing SaaS applications. Its cloud security platform, Prisma Cloud, provides organizations with comprehensive visibility and control over their SaaS environment. Prisma Cloud offers a range of capabilities, including cloud security posture management, workload protection, and network security. Palo Alto Networks also offers a cloud-based firewall solution, which enables organizations to secure their cloud-based infrastructure and applications. Hence, Palo Alto Network is among the top 5 Saas Security Companies.

Practices to Secure SaaS Usage

To mitigate the risks associated with SaaS usage, businesses should adopt the following best practices:

Use Strong Passwords: Ensure that all SaaS account passwords are strong and unique. This can be achieved by using a password manager, which generates and stores strong passwords for each account.
Implement Multi-Factor Authentication: Multi-factor authentication (MFA) adds an extra layer of security to your SaaS accounts. By requiring users to provide two or more forms of identification, such as a password and a fingerprint or a security token, MFA makes it more difficult for cybercriminals to gain unauthorized access.
Monitor User Activity: Regularly monitor user activity on SaaS applications to identify and prevent any suspicious behavior. This can include monitoring login attempts, data downloads, and changes to user permissions.
Regularly Update Software: Hence, to ensure that all SaaS applications are kept up-to-date with the latest software patches and updates. This can help to prevent known vulnerabilities from being exploited by cybercriminals.
Choose Secure SaaS Providers: Choose SaaS providers that prioritize security and provide robust security measures, such as data encryption, access controls, and intrusion detection and prevention systems.

Conclusion

The adoption of SaaS applications is becoming increasingly common, but it also presents a range of cybersecurity challenges. To mitigate these risks, businesses should adopt best practices such as using strong passwords and implementing MFA. Also monitoring user activity, regularly updating software, and choosing secure SaaS providers. Additionally, businesses should consider partnering with SaaS security companies such as Qualysec. Other options also include Cisco Cloud Security, and various other companies mentioned in this article.

Apart from being the best and among the top 5 Saas security Companies they also have a comprehensive approach, commitment to customer service, and competitive pricing making them the go-to choice for businesses. Wishing to know more, talk to our Experts and fill out your requirements.

Frequently Asked Questions

Q. What is security testing?

Ans. Security testing is the process of assessing the security of an application by identifying vulnerabilities and weaknesses that could be exploited by attackers. It helps organizations to identify security risks and implement effective security controls to protect their assets.

Q. Which security testing tools are used?

At Qualysec, we use a variety of in-house tools and industry-standard security testing tools to identify vulnerabilities in applications. These include static and dynamic code analysis tools, vulnerability scanners, penetration testing tools, and more. Our security experts also perform manual testing to identify vulnerabilities that automated tools may miss.

Q. How much does a security test cost?

The cost of a security test depends on the scope of the test, the complexity of the application, and the testing methodology used. At Qualysec, we offer competitive pricing for our security testing services and work with our clients to develop customized testing plans that fit their budgets.

Q. How long does it take to perform a security test?

The duration of a security test depends on the scope of the test, the complexity of the application, and the testing methodology used. At Qualysec, we work with our clients to develop a custom

Q. What information is needed to scope a security test?

To scope a security test, we need information about the target application, including its architecture, technology stack, and business requirements. We also need to understand the type of data that the application handles, the level of sensitivity, and the potential impact of a security breach.