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97% of security leaders have increased SaaS security budgets

May 3, 2024

58% of the organizations were affected by a SaaS security incident in the last 18 months, according to Valence Security’s 2024 State of SaaS Security Report.

Likely, as a result, 96% security leaders have made SaaS security a top priority and 97% have increased SaaS security budgets in 2024. In addition, confidence in current SaaS security programs or processes is high, with 84% saying they are very or extremely confident.

“There’s no denying that the ease of SaaS subscriptions and SaaS integrations have helped organizations scale their businesses quickly and increase employee productivity,” says Yoni Shohet, CEO at Valence Security.

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