8 Threats To The SECURITY Of Your ERP Software

8 Threats To The SECURITY Of Your ERP Software
8 Threats To The SECURITY Of Your ERP Software

Introduction Of 8 Threats To The SECURITY Of Your ERP Software

8 Threats To The SECURITY Of Your ERP Software. ERP software helps organizations organize the most relevant business processes such as product lifecycle management, customer relationship management, and supply chain management. And they store highly sensitive data, such as confidential information.

The Most Secure Systems On The Market

The intellectual property of manufacturing processes and products; bank codes, details of your payment cards; and identification information of the company’s people, customers, and suppliers. In 2018 the US Department of Homeland Security issued an alert to companies reporting that hackers are targeting ERP systems, especially SAP and Oracle.

The ERPs mentioned were at the time of the security alert and are probably the most secure systems on the market. And, like other leading ERPs, they have made the security of infrastructures and networks, services, and data one of their main business attributes. Since the internet has existed, there have always been cyber attacks, malware problems, computer viruses, phishing with malicious files, security threats, etc.

The Security Of Networks, Processes, Technologies

But since critical business software migrated to the Public Cloud, that is, it was distributed as SAAS, -for digitization and digital transformation strategies-, risks and threats have skyrocketed. But security has also exploded: the security of networks, processes, technologies, and the skills of people and teams has increased. You Can Also Read Supply Chain Automation Technologies Types and Benefits.

Oracle and the consulting firm KPMG have asked entrepreneurs which areas they think are the most important to increase the security visibility of cloud services in their organization: They answered: Identify software vulnerabilities and provide a solution Identify configurations that do not meet industry standards End-to-end auditing Identify misconfigured security elements Identify external servers.

That are not routing internet traffic correctly Discover unprotected business secrets Discover and classify sensitive data hosted in the public cloud Detect access from third parties to data hosted in the public cloud Auditing activity of privileged user accounts Maintaining consistent security in hybrid clouds AND Auditing the use of APIs Currently, data security is something that logically worries companies.

The Lack Of Security Could Mean

They have ERP systems, pair particularly, for: The integrity of their financial and accounting data, sales information, human resources data, and the confidential information they manage about their clients. The lack of security could mean: The loss of competitive advantages of the company, The loss of reputation, and great economic losses, For example, Digital hijacking is the total encryption of the system by hackers.

A client of mine had his company’s ERP and database encrypted, and to get it back he had to pay 700,000 Euros in Bitcoin. A recent IDC study found that the estimated cost of downtime for attacked ERP applications is more than $ 50,000 per hour. 1,200 USD per day What are the Main Threats to the Security of your ERP? 1.

Weak Points or Software Vulnerabilities One of the main vulnerabilities is keeping the ERP out of date. Most updates are done to add new functionality, but also to resolve security flaws. Hackers identify and exploit these vulnerabilities to commit cybercrime. Solution: – Permanently update to the latest version of the ERP software – If possible, use an automatic update system.

A Very Important Advantage Because It Reduces Security Risks

That implements the latest version when available – When the software is distributed in the cloud, the update can be automatic or optional. That it is automatic is a very important advantage because it reduces security risks. But could generate problems with third-party applications integrated into the ERP or synchronized, which are not updated.

In any case, it is vital to install updates as soon as possible. 2. Frankensteining or Use of External Applications Many times the ERP does not integrate all the functionalities that the company needs and one or more third-party applications are used. It is what they call Frankensteining or ERP-nsteining. Misnamed, because the monster was not the scientist Victor Frankenstein.

The monster was the subject created with dismembered parts. Using complementary applications to ERP, you could have an acceptable degree of security in ERP, but a huge security hole in third-party applications. The system will be much more vulnerable and you will need more resources to protect it.

All Employees To Use Their Program Outside The System’s Security Framework

And sometimes, you will never get it, because it is something that does not depend on you, or your ERP service provider. It is also very common for some or all employees to use their program outside the system’s security framework. For example, tools such as Excel or Access to process the extracted data, to carry out analysis or reports.

And as a result, some of the critical information is stored outside of the main system, which is impossible to control, locate and protect. And it can be very dangerous. Solution: – The best practice is to host all relevant data within a local ERP system with certified native or integrated applications. – Always store all data on an internal server and make regular backup copies.

If it is an ERP in the cloud, the provider will do it. – Eventually, it could be a great opportunity to consider changing the ERP for one that includes all the functionalities that the company needs. 3. Configuration Errors in Implementation The security of ERP systems depends largely on the configuration of the platform. Random customizations, wrong credentials, open ports, etc. in implementation could put the entire business at risk. The complexity of ERP systems leads to security vulnerabilities.

Consequently Implement A Complex Security Mechanism

ERP systems process a wide variety of business transactions and consequently implement a complex security mechanism, which provides personalized access to users. For example, an SME can typically perform about 100 transactions, and each transaction requires at least two authorization actions. A company of 200 end users completing a total of 20 different roles and responsibilities has approximately 800,000 ways to configure security in the ERP Calculate.

If I made a single configuration error, the ERP would be vulnerable. Solution: Control the configuration of the ERP architecture, such as open ports, Internet connections, etc. Check the parameters that affect the security of the system and data. Verify that the roles, access privileges, and permissions of the users are correct and that their permissions correspond to the activities they carry out.

The Capabilities And Security Of The Software

4. Human Errors The biggest threat to business comes from external sources, but that doesn’t mean we can sit back and ignore potential internal risks. Many attacks are the result of inadvertent actions or mistakes by a company employee. ERPs, by default, gives full access to all users. And this is the first thing that has to be configured in the implementation because they could alter the capabilities and security of the software.

For example, in most cases, a software developer would not need to access information about employee salaries. Solution: Establish access roles Changelog and who made each change and why. 5. Unique Authentication or 1FA Unique Authentication is an authentication mechanism that allows a user to access different systems through a single identification instance.

For example, a password: “Abretesesamo” or 123456 is a null security standard, easy to decipher: ideal for hackers. Solution: Double factor 2FA Authentication: Something that I am Something that I know (a PIN, password, someone’s birthday, the phrase of a verse that I remember by heart) Something that I have (a device, a credit card, an RSA token.

The most common is Password + message to mobile phone to verify 6. Lack of Training Lack of knowledge about how ERP works can affect safety. Solution: Train teams, particularly new hires. Establish protocols and demand their compliance.