May 26, 2022

if there is one Recent earnings reports from Microsoft, Google and Amazon have clearly shown that their cloud businesses are booming.

While the transition to the cloud is in full swing, many companies are overlooking an important aspect of this growth: the dramatic increase in SaaS-generated data that is not properly protected. This exposure can put businesses at greater risk of ransomware attacks, hacks, compliance issues, and more.

The growth of Enterprise SaaS is fast and inevitable. Gartner expects SaaS end-user spending to increase over 18% to $171.9B in 2022 from $145.5B in 2021, and it’s easy to see why.

The SaaS model delivers significant value to both service providers and customers, ranging from low cost to easy management and maintenance. SaaS has many advantages: eliminates the need to install and configure software; This gives the customer greater financial flexibility by moving from license fees to subscriptions; No need to buy and maintain equipment; And new releases and updates are rolled out automatically.

Without the right policies, organizations often have little idea of ​​what SaaS data they actually have; Whether that data is compatible, secure, or compromised.

But despite its rapid growth and many benefits, there are serious challenges in managing and securing SaaS data. This is a problem that can only get worse because for many organizations, SaaS is the fastest growing segment of their data.

Standard cloud provider retention policies are not enough.

Each Cloud Service Provider (CSP) and SaaS provider has their own data retention policies, and once these policies expire, customers can back up, protect, and optionally data in the event of a cyber attack. Responsible for data recovery.

Not only is the customer responsible, but data retention policies may vary depending on the provider and type of SaaS data. In today’s world of rampant ransomware attacks and strict privacy and compliance regulations, some organizations may risk leaving data untraceable and vulnerable.

Let’s look at Microsoft 365 as an example. The adoption of Microsoft 365 has been phenomenal, with almost 300 million more users and more than 50% subscriber growth over the past two years. It is one of the most popular enterprise SaaS applications, but its backup capabilities are limited in terms of the data stored in Azure.

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