Recent analyses reveal that SaaS applications have become prime targets for cyber attacks, often facilitated by stolen credentials that enable attackers to perform rapid data exfiltration without needing to establish persistent access. An AppOmni study highlighted that many attacks resemble simple 'smash and grab' incursions, allowing malicious actors to exploit legitimate logins and download sensitive information quickly. Concurrently, the global SaaS-based IT Security Market is projected to grow, especially in Asia-Pacific, despite challenges such as raw material price fluctuations and heightened regulatory demands. However, a concerning trend is the lack of preparedness among organizations regarding SaaS risks, with 96.7% having faced security incidents in the past year. Insider threats also pose significant risks, accounting for 26% of reported SaaS incidents, emphasizing the need for robust monitoring and identity threat detection solutions. As organizations increasingly rely on SaaS, adapting security measures to these evolving threats will be crucial to safeguarding sensitive data.