Cyber vulnerabilities are growing increasingly significant in today’s business strategy and implementation. For example, security breaches in ERP systems have become a prominent subject, and businesses have recognized the importance of ERP security protocols.
According to a 2019 report, 64% of ERP implementations were attacked in 24 months. In addition, an organization’s SAP environment and HANA databases might be impacted by a cyber-attack on its IT architecture. Cybersecurity is an essential component of every company’s digital transformation.
The evolution of ERP cybersecurity risk strategies over the last two decades:
To maintain adaptability and consistency when their organizations experience major transformation, administrators must prioritize and act on several risks. For example, according to a recent survey, 52% of businesses spend more than $100,000 on ERP security.
ERP for Compliance
With the advent of new ERP solutions, they concentrate on integrating security into apps and providing the best information and feasible transaction safety.
ERP for Risk Management
High-profile cyber-attacks in various sectors drew widespread attention, encouraging many companies to look outside compliance and concentrate on cyber risk.
ERP for Development and Availability
Organizations seek cost and process improvements as ERP capabilities improve, with increased cyber responsibility of ERP risks across processes.
Cyber priorities within ERP digital transformations:
SAP provides an excellent service of protecting the platform offered to customers, and SAP also assists customers in developing secure cloud applications. However, security must be taken more seriously when working with on-premises and private cloud apps. As a result, organizations must prioritize their cyber strategy for digital transformation within these processes.
- Cyber Governance
- Application Security
- Regulatory Controls and Compliance
- Data Privacy and Protection
- Infrastructure/Cloud Security
- Identity and Access Management
- Monitoring and Response
- Operational Security
SAP on Cloud Platform
With a comprehensive approach that assures the enhanced security for SAP Cloud Platform, SAP reduces potential threats for clients and stakeholders.
- Create a security strategy and architecture for the cloud.
- Establish cloud governance and infrastructure.
- Enhancements to security capabilities should be prioritized.
- Incorporate security features.
- Constant security operations
SAP users can continue their digital transformation journey with safety and security by using a cloud platform based on these fundamentals.