However, phishing is still an effective means of compromise. Phishing attacks have been around for years. Due to the breadth and depth of SaaS data, businesses today must use cybersecurity solutions with a high level of automation that provides very fast incident response service level agreement (SLA) to defeat cloud ransomware.

It can easily infect cloud environments using OAuth attacks and file synchronization. Major enterprise organizations were hit with ransomware attacks that cost them tens of millions of dollars.Ĭybercriminals target SaaS data with ransomware. What’s more, 73% of ransomware attacks in 2020 were successful, which means there is no last line of defense. According to one cybersecurity firm, ransomware attacks surged by 800% in 2020. Since the onset of the global pandemic, ransomware attacks have been increasing in frequency and intensity. An allowed and disallowed list of sanctioned applications can significantly improve the security of the cloud SaaS environment. It also bypasses two-factor authentication if enabled.Īside from securing and filtering email communications, organizations must closely monitor and control which third-party applications users can install in the cloud SaaS environment. It can then assume the user’s permissions without knowing the user’s password.

When a user grants permissions to an application, an OAuth token is granted to the application. Attackers use a phishing email masquerading as a legitimate service, SaaS application or browser extension to lure end users into “granting permissions for SaaS data” to a malicious application. It is closely related to phishing email attacks.

In fact, your goal should be to reduce downtime from 21 days to a few hours.Īnother SaaS vulnerability that places organizations at high risk of compromise is something known as OAuth abuse. It’s crucial to implement cyber threat monitoring solutions on top of your backup to provide fast incident response and reduce the impact of ransomware attacks and zero-day attacks on your mission-critical SaaS data. Organizations have to rethink their security processes when it comes to SaaS data protection to keep in mind that API limitations are the main reason for downtime. According to 2020 research by Coveware, the average downtime from ransomware attacks today is about 21 days.

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