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In 2024, cyber threats targeting SaaS surged, with 7,000 password attacks blocked per second (just in Entra ID)—a 75% increase from last year—and phishing attempts up by 58%, causing $3.5 billion in losses (source: Microsoft Digital Defense Report 2024). SaaS attacks are increasing, with hackers often evading detection through legitimate usage patterns. The cyber threat arena saw standout

An unnamed government entity associated with the United Arab Emirates (U.A.E.) was targeted by a likely Iranian threat actor to breach the victim's Microsoft Exchange Server with a "simple yet effective" backdoor dubbed PowerExchange