Company
Sep 16, 2021

5 reasons our startup is tackling SaaS security

Learn why we're building the SaaS security platform that modern IT and security teams need.

Alex Dunbrack
Co-founder & COO

When you see a new security startup come onto the scene, it makes you wonder why they decided to focus on the specific area or domain that they did.

At Vectrix, we believe that software-as-a-service (SaaS) security is not only the future, but of immense importance as well, as IT and security teams continue to recognize their growing need for a straightforward, effective way to manage the security risks of their SaaS tools.

We figured we’d take the opportunity to share some insight into five of the biggest reasons why we’re tackling SaaS security at Vectrix.

1. For modern companies, SaaS is where the risk lies

Today, modern (and even not-so-modern) companies find themselves with a greater dependence on the many software tools they procure and use for a specific business-critical purpose every single day. By 2025, 85% of organizations will rely mainly on SaaS applications to run their businesses.

Google Workspace for collaboration. Slack for communication. GitHub for source code management. Salesforce for customer relationship management. The list goes on and on.

These tools are where companies place their most critical assets, too. It’s where they manage customer data. It’s where they strategize and store their intellectual property. In some cases, it’s also where they broker access to other tools and systems they use.

As a result of this increasing reliance, there is no shortage of avenues for security-related compromises to occur, and it’s only getting worse, too.

2. SaaS security is a new responsibility for IT & security teams

Until recently, traditional IT and security teams haven’t needed to think about their SaaS tools as a primary vector of security risk.

For IT teams, security meant establishing network perimeters and firewalls and securing employee equipment and devices. For information security teams, it meant securing systems, applications, and on-prem (or more recently, cloud-based) infrastructure - but never their SaaS tools.

However, with this new shift in how organizations operate with many different tools, IT and security teams are faced with a new challenge on top of their existing responsibilities that they’re not always well-equipped to handle. Setting up, managing, and keeping secure new SaaS tools requires larger headcounts, additional bandwidth, and new expertise that not all companies have the time and resources to support.

It demands that IT and security teams ask new questions that they’ve never had to ask before, like:

  • Do I know which files in Google Workspace are publicly accessible?
  • Are employees sending sensitive information via Slack?
  • Who has as admin-level access in each tool and are they appropriately assigned?
  • Which tool settings are leaving our company more vulnerable than necessary?

At Vectrix, we’ve chosen to focus on SaaS security to help teams faced with these new considerations. By having a platform that provides centralized visibility of security issues across a SaaS ecosystem, companies are able to prioritize security without worrying about resource constraints.

3. No two SaaS tools look alike and neither does their security

To make matters even more challenging, teams today are tasked with learning what ‘security’ means for each and every SaaS tool their company procures, despite having completely different security considerations from one another.

As security professionals ourselves, we know how hard it is to keep up with the newest security best practices and risks, only made more difficult with a never ending stream of product updates and feature releases. You can’t expect to approach security for Zoom the same way you would for GitHub, and frankly, the native SaaS security within these tools just don’t cut it.

In order to effectively manage this problem, you need to have either a larger IT or security team, or a platform that can do all the heavy-lifting for you. We’ve chosen to help spare teams the hard work by creating security scans that provide full coverage on any SaaS security issues in just a matter of minutes.

4. For SaaS, there’s no end in sight

It feels like everyday there is a new SaaS tool that takes the world by storm, and as welcoming we are of this new technology, we’re also conscious of the long-term security considerations that come with it.

According to Statista, the SaaS market spend worldwide is to grow from 141.5 billion to 171.9 billion by 2022. SaaS isn’t going anywhere, and as a result, companies and teams need to be prepared for the long-term challenges and dangers that come with this trend of mass-adoption.

We recognize that investing in security tooling that allows you to stay ahead of the curve and alert you on security concerns for SaaS tools big or small, new or old, is the only practical way to go.

5. The solutions of yesterday simply won’t cut it

Before Vectrix, IT and security teams that recognized the risks of SaaS security and wanted to do something about it were really left without options.

No security tool existed that allowed for broad, yet deep, security visibility across the plethora of SaaS vendors they utilize. Native security tooling didn’t cut it either, emphasized by the fact that each respective tool would never support any form of multi-vendor visibility.

For teams all over, Vectrix comes at a time when they require simple, straightforward, consolidated security visibility across the long list of SaaS tools they use, and we couldn’t be any more proud to support them, their businesses, employees, and customers.

Bringing teams the SaaS security they need

As we continue to trailblaze in the SaaS security space, these concepts and ideas are a constant reminder of the growing precedent that SaaS security sets, as well as the confidence that our users instill in us to support them in protecting their companies and securing their SaaS tools.

While there’s no end in sight for the continued adoption of SaaS, we’re optimistic that the world won’t have to be left less secure as a result - and we’re here to help.

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Vectrix is an online security platform that scans and monitors commonly-used SaaS tools for security issues across file security, misconfigurations, user access, and more.

Request a demo today to learn more.

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About Vectrix

Vectrix gives startups and security teams an easy way to bootstrap their security programs and protect their company and users. Founded by former security engineers and security leaders at Vimeo, Autodesk, and PlanGrid, we’re bringing a fresh take to how IT and security teams address the security of their SaaS tools, offering ease-of-use, flexibility, and accessibility that, until now, has never been an option.