Best Practices for SaaS Security

On-premise or cloud? And if cloud, what kind of cloud? After many years of skepticism and hesitation, banks are increasingly opting for the multi-tenant Software as a Service (SaaS) option.

SaaS is now driving a disruption in the global financial services IT landscape. Banks were held back because of a misconception that the cloud, and in particular the public cloud, is insecure. That misconception has changed rapidly, but banks are still well advised to proceed with caution.

This white paper gives an overview of the security concerns about Software as a Service (SaaS) in the banking and financial services sector and highlights best practices for technology, business culture, governance, and compliance.