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ERP is like a lifeblood for businesses when it comes to bridging various operations and processes such as inventory, warehouse, logistics, accounting, manufacturing, etc. In other words, ERP software has been serving as the backbone for a good number of businesses across the worldwide.
Now as we know that an ERP system contains confidential data about a company’s operations, processes, sales, employees, customers, vendors, partners, etc., there has to be robust security algorithms and processes/measures in place to safeguard all the sensitive data it stores, maintains and processes. Yes, even a minor breach may not only affect the system, but can also throw a business off the track in no time. And yes, ERP systems are vulnerable to cyberattacks with industry experts projecting these attacks to go up by 30% in the near future. This is the reason it is imperative for a business to include cybersecurity as an integral part of their ERP investment and strategy.
What makes ERP a hot favourite among hackers?
Cybercriminals are well aware of the fact that ERP systems contain the most credible and valuable data for a business. They are also aware of the various weak points to enter or rather we should say breach the system. Unfortunately, many businesses fail to understand this evident fact and fall to cyberattacks.
Another key reason why ERP solutions are a hot favourite among hackers is the fact that many organisations tend to snub cybersecurity audits and checks thus, failing to identify underlying weak and/or vulnerable entry points.
Read also: Cyber Incident Response & Forensics – Is it Underrated or Critical?
Now this is true for cloud based ERP systems, since they are accessed by various users, locations and through varying platforms. Next, legacy ERP solutions are a huge turn on for cybercriminals, since these systems simply fall flat when it comes to combating modern day security threats.
Read also: Ransomware – Is your Business Ready for the Biggest Cyber Epidemic?
Today, it is impossible to think of an ERP software without cybersecurity. Hackers and cybercriminals have had and will continue to perceive your ERP system as the perfect breeding ground and they will come after it. Thus, investing in ERP should always be accompanied by investing in cybersecurity to protect your data and integrity.
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