A method and system for protecting cloud-based applications executed in a cloud computing platform are presented. The method includes intercepting traffic flows from a plurality of client devices to the cloud computing platform, wherein each of the plurality of client devices is associated with a user attempting to access a cloud-based application; extracting at least one parameter from the intercepted traffic related to at least each client device and a respective user attempting to access the cloud-based application; determining based on, the at least one parameter and at least a set of parameters combining cloud-based application risk factors for a provider of the cloud computing platform, a risk indicator for the user attempting to access the cloud-based application; and performing an action to mitigate a potential risk to the cloud computing platform based on the determined risk indicator.