Today, the world of cybersecurity is being ruled by high-tech companies. And this is because they have a security advantage due to their young workforce and lack of legacy systems. However, these very companies have fallen prey to security breaches and whatnot in recent times. How can we forget the incidences of Slack and GitHub that have prioritized security measures once and for all, particularly when using Software-as-a-Service (SaaS) solutions? In this blog, Cybertech will be highlighting why high-tech companies struggle with SaaS security. So, hang tight, and let’s get started.
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The Long Story of App Breaches
There is no iota of doubt that tech companies have never been immune to data breaches. We all remember how Slack had encountered a breach on GitHub, following a previous GitHub breach where an attacker gained access to private code repositories using stolen OAuth tokens from Heroku and Travis CI-maintained OAuth applications. MailChimp, a popular SaaS app for managing email campaigns, faced three breaches over a year, resulting in the theft of customer data used in subsequent attacks on cryptocurrency companies. SevenRooms suffered a significant breach with the loss of over 400 GB of sensitive data from its CRM platform. PayPal also had to inform customers about unauthorized access to accounts through stolen login credentials, while Atlassian experienced a breach exposing employee and corporate data in February.
Source link: https://www.itscybertech.com/2023/05/why-high-tech-companies-struggle-with.html