Cybersecurity Experts Anticipate a Growing Number of ERP System Attacks

Cybersecurity Experts Anticipate Growing Number of ERP System Attacks

Crowd Research Partners with the support of ERPScan, a leading business application security provider, recently released the 2017 ERP Cybersecurity Survey Report. 

The research found that there is, in fact, a lack of awareness and security measures taken by enterprises and businesses – even though the majority of cybersecurity professionals anticipate the growing number of attacks on ERP systems.

According to a press release, the survey of over 1,900 cybersecurity experts demonstrates that ERP security has hit the list of topics organizations are concerned about, with 89 percent of security professionals expecting the number of cyberattacks against ERP system to grow. Whats more, 33 percent of them anticipate a significant increase.

With the recent news of the WannaCry Ransomware attack still being discussed, who can blame them for being concerned? After all, it was the biggest worldwide cyberattack in history.

Cybersecurity experts consider attacks on ERP software as a costly risk – an average damage of an SAP security breach is estimated at $5m. Fraud is viewed as the big threat bringing the greatest financial loss, a third of organizations polled assesses the damage of fraudulent actions at more than $10m, ERPScan reported.

Still, the statistic shows that there is still a lot of work left to go in the field of ERP security awareness. One in three respondents haven’t even heard about any SAP security incident, which happen annually.  This lack of awareness is one of the main reasons why enterprises are falling behind on securing ERP systems.

“The results of the survey are not surprising,” said Alexander Polyakov, CTO at ERPScan. “Most enterprises are still unprepared for any attacks, including ones again ERP systems. These systems store and manage essential business information and processes. Taking into account the recent ransomware attacks and its costs to organizations, we can only imagine how huge the impact could be if hackers target SAP. CISO’s should include this area in their list of top priorities if haven’t done it yet.”

The 2017 ERP Cybersecurity Survey Report covers numerous topics related to ERP security (risks, trends, etc) from various roles and companies of different sizes and industries (Technology Software & Internet, Healthcare, Manufacturing, etc).

Download the 2017 ERP Cybersecurity Report to learn key findings and practical takeaways.

And don’t forget to follow us on Twitter, Facebook and LinkedIn for all the latest in the ERP space!

Elizabeth Quirk
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Elizabeth Quirk

Liz is an enterprise technology writer covering Enterprise Resource Planning (ERP), Business Process Management (BPM) and Talent Management Suites (TMS) at Solutions Review. She attended Massachusetts College of Liberal Arts, where she attained a Bachelor of Arts Degree in Journalism. You can reach her at equirk@solutionsreview.com
Elizabeth Quirk
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