More Than 60% of Successful Ransomware Attacks Sourced Through SaaS Applications According to New HYCU® Report
August 15 2024 - 8:30AM
HYCU, Inc., a leader for modern data protection for on-prem, cloud
services, and SaaS, and one of the fastest growing companies in the
industry, today released new worldwide research highlighting
critical vulnerabilities to SaaS data. The report, The State of
SaaS Resilience in 2024, explores the cyber resilience of SaaS
usage based on an independent survey of 417 IT decision makers
across Europe, the United Kingdom, the United States, Japan, and
Singapore.
The report reveals a number of troubling issues surfacing with
the rise of SaaS application use. The sheer volume of SaaS
applications in use across enterprises along with third party risk
dependence and lack of awareness in the Shared Responsibility Model
were a few items the report highlights beyond the rise of
ransomware. As the research indicates, IT decision makers still are
not aware of the exact number of SaaS applications in use across
their organization, with twelve being the number most respondents
felt they had. With research indicating that the average midsize
enterprise has well over 200 SaaS applications across their IT
environment[1], these gaps are quickly becoming the most
significant challenges facing modern enterprises today.
Key report findings include the following:
- Business leaders
often underestimate the scope of their SaaS data estate and
were unaware of how many SaaS applications are in use across their
enterprise.
- 41% of
respondents rely on the SaaS vendor to protect and recover their
data—yet cloud providers, SaaS vendors or ISVs generally place
responsibility for data protection and recovery on the customer
according to the ‘Shared Responsibility Model’.
- SaaS applications
were the source of attack for 61% of ransomware breaches
reported by survey respondents.
- 71% of
respondents believe that IT is responsible for the lion’s share of
SaaS usage even though these technologies are often bought and
used by departments or lines of business.
- 90% of
respondents said they are unable to recover encrypted SaaS data
within an hour, risking costly business disruption.
- 43% of respondents
said they lack staff with the required skills to protect SaaS
application data.
- Three quarters of
survey respondents said their businesses would be meaningfully
impacted if their EntraID (formerly Azure Active Directory), SSO,
and Identity Access Management (IAM) data were to suddenly become
unavailable due to a cyberattack.
The report also summarizes best practices to help organizations
protect their SaaS data—and their businesses from the threat of
cyberattacks. Insights to the report including how to take
advantage of best practices for SaaS Data Protection will take
place on August 22. Details are available at “The State of SaaS
Resilience Broadcast.”
“The average business today relies on hundreds of SaaS
applications for a variety of tasks, including business-critical
workflows. Understanding how vulnerable SaaS data is to growing
cyber threats is critical,” said Subbiah Sundaram SVP, Product,
HYCU, Inc. “This new HYCU report illustrates that enterprises need
to up their game in the area of SaaS data protection. As a leader
in this space, HCYU stands ready to help organizations close the
gaps that threaten their resilience, providing enterprise backup
and recovery solutions specifically engineered for today’s
SaaS-rich environments.”
A complimentary copy is available at The State of SaaS
Resilience in 2024.
For more information on HYCU, visit:www.hycu.com, follow us on X
(formerly Twitter), connect with us on LinkedIn, Facebook,
Instagram, and YouTube. To learn more about HYCU R-Cloud, visit
tryhycu.com.
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About HYCU HYCU is the fastest-growing leader in the
multi-cloud and SaaS data protection as a service industry. By
bringing true SaaS-based data backup and recovery to on-premises,
cloud-native and SaaS environments, the company provides
unparalleled data protection, migration, disaster recovery, and
ransomware protection to thousands of companies worldwide. As an
award-winning and recognized visionary in the industry, HYCU
solutions eliminate complexity, risk, and the high cost of
legacy-based solutions, providing data protection simplicity to
make the world safer. With an industry leading NPS score of 91,
customers experience frictionless, cost-effective data protection,
anywhere, everywhere. HYCU has raised $140M in VC funding to date
and is based in Boston, Mass. Learn more at
www.hycu.com.
[1] Zylo, 2022 SaaS Management Index Report
Don Jennings
HYCU, Inc.
617-791-1710
don.jennings@hycu.com