“We don’t need cyber security, our data is in the cloud.”
One commonly held misconception among business owners and managers is that their cyber risk is properly managed if important data is kept in the cloud. This is not the case by any stretch of the imagination. While some SaaS (Software-as-a-Service) providers offer higher levels of security than some, they ALL require that businesses do their part to manage third-party backups, end user credentials, protection for data being transmitted and received from cloud providers and more. Companies are commonly caught off guard when their credentials are stolen and cloud assets are breached by a cyber attack. At WOM Technology Management, our team manages and monitors SaaS applications for small businesses and our automated systems are always on the lookout for: Dark Web Credential Exposure, Invalid Login Attempts, Unusual User Behavior and any other anomalies which may lead to a data breach.
Common SaaS Applications:
- Microsoft Office 365
- Google Workspace
- Amazon Web Services
Use of any of these SaaS applications in conjunction with ANY amount of PII (Personal Identifiable Information) requires businesses to meet data protection and preservation compliances to avoid gross negligence or “failure to follow/maintain” claim denials on cyber liability insurance claims. Our most basic Centurion Cyber Security plans include management and monitoring of all SaaS applications used by our member companies.