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ERP Security: Two-Thirds of ERP Systems Leaky or Breached
Two-thirds of ERP apps have been breached within the last two years, according to a study by IDC/Onapsis.
Frank Dickson, Vice President at IDC, said that “ERP applications can be foundational for businesses. A breach of such critical ERP applications can lead to unexpected downtime, increased compliance risk, diminished brand confidence and project delays.”
What is the root of the security problems? ERP security issues are often caused by the following:
- Delayed updates. 87 percent of ERP systems are not running with the most recent patches and updates.
- Improper Access Rights. Properly setting access rights, who has permission to see which data, can be complex and can lead to security issues.
- Training. Security training specific to the ERP software may be lacking, resulting in unintended system security lapses.
- Leaky Integrations. Often ERP systems are integrated with other software applications or downloaded for use in spreadsheets. The other systems may not have security in place to protect the data.
- Lax Passwords. Single factor authentication passwords can often be easy to hack.
The compromise of ERP data should be troubling. Larry Harrington, former Chairman of the Global Board of the Institute of Internal Auditors (IIA), said that “most concerning is the popularity of sales, financial data and PII, all of which should raise flags about the possibility of insider trading, collusion and fraud.”
Great work. this was very helpful. new to this field
Rightly Explained!! There are plethora of challenges a business owner has to face out of which these are the common ones. Keep sharing your knowledge.
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Thank you for this blog.