Recent supply chain cyber-attacks are prompting cyber security regulations in the financial sector to tighten compliance requirements, and other industries are expected to follow. Many companies still don’t have efficient methods to manage related time-sensitive SaaS security and compliance tasks. Free SaaS risk assessment tools are an easy and practical way to bring visibility and initial control to SaaS sprawl and Shadow AI. These tools now offer incremental upgrades, helping security professionals meet their company budget or maturity level.
Regulatory pressure, SaaS and AI proliferation, and increased risk of breaches or data leaks through 3rd party apps, make SaaS security one of the hottest areas for practitioners to learn and adopt. New regulations will require robust third-party SaaS risk lifecycle management that begins with SaaS service discovery and third-party risk management (TPRM) and ends with the requirement from CISOs to report incidents in their supply chain within 72 hours. Financial cyber regulations like NY-DFS and DORA rely on similar risk reduction principles despite using different terminologies.
