From office productivity software to team collaboration solutions, there has been an explosion in the availability and use of Software as a Service (SaaS) applications in recent years. The pandemic has contributed to this growth, with the agile and hybrid nature of SaaS matching up perfectly with the hybrid working style.

For every company with more than 1,000 employees, there are on average several hundred SaaS solutions in use, representing several million dollars in annual costs. However, the costs might not end there, with the apps being installed and used outside the scope of corporate governance players. This exposes such organizations to the unexpected risk of cybersecurity breaches.