Modern companies have hundreds or even thousands of applications making up their SaaS stack. While these tools are great for productivity and collaboration, each one can also be a security risk for your organization.
Most organizations vet new SaaS applications prior to purchasing them. There are several aspects to consider when vetting new SaaS apps, such as information sharing capabilities, permission controls, and security. Also, ensuring that the apps are compliant with the applicable regulations pertaining to the business, its customers, and partners.
Unfortunately, security and compliance information is typically buried in SaaS vendors’ websites. Imagine digging through hundreds of websites to find attestations and certifications for every application you have. What time would you have left to focus on strategic priorities and work? Likely, not much. That’s why we built Zylo’s Security Detail. So you don’t have to waste hours doing this yourself.
Why Visibility Is Essential to Keeping Your Business Secure
Information security and IT teams raise concerns about SaaS purchasing and usage, typically revolving around cybersecurity and privacy. Some risks, like data breaches and leaks, can result in severe penalties including fines, lawsuits, and a damaged reputation in your industry. In the US, the average cost of a data breach is $9.44 million, including mitigation efforts and lost business. This is why you need to know about every SaaS application in your business – not just IT managed applications – and the risk tied to each one.
Individual employees and business units can purchase new applications at any time, making security an even more daunting task. In fact, Zylo’s SaaS Management Index shows that shadow IT represents 37% of an organization’s apps. That means for the average organization with 323 applications, they have 119 applications that bypassed the usual vetting process – including a security review. Further, shadow IT contributes to the dynamic nature of your SaaS environment, where the average organization sees eight new SaaS applications every 30 days.
Ensuring your SaaS systems are compliant must be a continuous effort. Your IT and Information Security teams need insight into the compliance certifications of your SaaS applications to ensure your data and the data of your customers and partners is protected.
Identify Risk to Keep Your Business Safe with Zylo’s Security Detail
Security Detail tracks the compliance status of your SaaS applications to help you identify risk and make confident renewal and purchase decisions. As new applications enter the business, you need to be able to identify risky purchases and whether or not your security standards are met. Security Detail makes this information instantly available for IT and Information Security teams to see where you need to invest time to reduce exposure to risk.
Today, the eight certifications available in Zylo today include: CCPA, FedRAMP, GDPR, ISO27001, SOC 2, HIPAA, CSA STAR, and PCI DSS. With this data at your fingertips, you can…
- Understand if your shadow IT applications meet your security and compliance requirements.
- Prepare for security audits like SOC 2 and identify applications that are not compliant.
- Ensure your SaaS applications meet regional standards and requirements. For example, if you do business in Europe, you need to know which applications are and are not GDPR compliant.
Looking at Zylo’s Compliance Coverage
Let’s take a look at the eight security and compliance certifications that Zylo supports today and why they are important. This list will grow and evolve as we continue to adapt to the demands of our customers and new certifications that appear on the market.
- ISO 27001: ISO 27001 is a security framework created by the International Organization for Standardization that assesses a company’s ability to keep its data safe.
- SOC 2: The Systems and Organization Controls report defines criteria for managing customer data based on five “trust service principles”—security, availability, processing integrity, confidentiality and privacy.
- CCPA: California state statute intended to enhance privacy rights and consumer protection. Consumers have greater control over the information that companies can collect, use, and share.
- GDPR: The General Data Protection Regulation (GDPR) is a strict regulation on how companies process and store the personal data of European Union citizens.
- HIPAA: The Health Insurance Portability and Accountability Act (HIPAA) protects sensitive patient health information from being disclosed without the patient’s consent.
- FedRAMP: United States Government-wide program that provides a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services that empowers agencies to use modern cloud technologies, with emphasis on security and protection of federal information.
- PCI DSS: The Payment Card Industry Data Security Standard certification shows that you have the controls in place to secure cardholder data and reduce the chance of credit card fraud.
- CSA STAR: This certification demonstrates that a cloud service provider conforms to the applicable requirements of ISO 27001, has addressed issues critical to cloud security as outlined in the CCM, and has been assessed against the STAR Capability Maturity Model for the management of activities in CCM control areas.
You can easily filter your view of compliance insights to select the certifications you’re most interested in examining.
Mitigate SaaS Risks with Zylo’s Security Detail
Visibility into security and compliance information and understanding the risk associated with your SaaS environment is essential to managing risk. Zylo’s Security Details provides instant visibility into SaaS attestions and certifications for the SaaS tools your teams rely on. With this insight, IT and Information Security teams can quickly spot applications that pose a security risk to the business. Request a demo to see how Zylo can help keep your business safe and make confident renewal and purchase decisions.