In today’s digital landscape, SaaS has emerged as a vital lifeline for operations in organizations big and small. As businesses entrust the cloud with their invaluable data, security of these applications and the information they harbor takes center stage. While SaaS applications are secure by design, the way they are configured and governed is what poses a risk. Without robust security measures, these organizations expose themselves to potential data breaches, cyber-attacks, and other security incidents, potentially wreaking financial and reputational havoc. Understanding the state of SaaS security and what steps organizations are taking is therefore essential for organizations to protect themselves from these risks. It's with this backdrop that this survey returns, delving into the intricacies of SaaS security and offering a follow-up to last year's report.