The Importance of Cybersecurity for ERP Systems
On March 22, the City of Atlanta was hit by a cyber attack, forcing it to shut down many operations and causing it to lose access to years worth of data. The attack was an example of ransomware, a cyber attack that threatens to encrypt and block access to data until a ransom is paid. Weeks later, the city is still trying to regain control of its systems.
As the internet becomes more widely used for governments and for businesses, cyber security grows in importance. Ransomware is one type of malicious attack, but other forms of attacks as well as lesser problems occur frequently too; these are unfortunately on the rise. According to a study by digital security provider Gemalto, there were 918 data breaches in just the first half of 2017, a growth of 167% from 2016.
It’s increasingly crucial then to have security measures in place for ERP systems. After all, ERP software serves as the backbone of enterprises, containing sensitive data about suppliers, customers, employees, sales, products, processes, etc. Even if limited, a system breach is likely to access some private information.
So what’s the best way to increase ERP security? First comes prevention, and there are many aspects to be taken into account. For one, companies need to keep software, firewalls, and antivirus systems up to date. They will also want vulnerability assessment tools to find defects in their system.
Then, of course, there is the human factor, which is arguably the most important to take care of. A cybersecurity system is only as strong as its weakest link, and hackers often try to fool employees through social engineering. Employees need to be trained on safe habits and common phishing techniques, scams, etc.
However, prevention isn’t always enough. Businesses should be prepared in case of an actual breach, too. After all, despite taking the proper course of actions to increase cybersecurity in one’s company, a single vulnerability is enough to allow a hacker into the system. Therefore, businesses need to have both a monitoring system, to be aware when an attack occurs, as well as a remediation system, to have an effective response once a cyber attack has been detected.
As an business solutions company, Bista Solutions takes cybersecurity seriously and recommends its clients take the proper ERP security measures. One company which helps businesses do this is Abacode, a firm that offers cybersecurity services, including 24/7 monitoring, training for employees, and more. They assist companies with both prevention measures and response measures, keeping all bases covered.
As Abacode states, “when it comes to cybersecurity in a company, all bases must be covered: Self-governance, managed network surveillance, assessment, remediation in the event of an incident, and training. Training is especially essential, because if employees do not know what to watch out for, then the first line of company defenses has already broken down and attackers have a far greater chance of stealing information.”
If you are interested in implementing ERP software or have any questions pertaining to security for your system, get in touch. You can contact us here.