DIGITAL SECURITY:
CLOUD ERP

The impact of a cyberattack on companies can wipe out all their profit projections, cause loss of revenue and even generate exorbitant costs with fines and lawsuits related to leaks and loss of data.

Hundreds of companies are still facing losses due to the incident that occurred in June of this year. For the automotive retail industry in the United States, for example, the estimated damage is nearly $1 billion. According to calculations by the Anderson Economic Group, the hacker attack on CDK Global caused dealerships to lose 56,200 new vehicle sales between June 19 and July 15. 

This event was far from an “isolated case.” In the United States, 66% of organizations experienced ransomware attacks in 2023, with 50% of them paying ransoms, according to the Sophos 2023 State of Ransomware report. The average ransom paid by U.S. organizations reached $812,000, with the total cost of recovery often exceeding $1.8 million. 

In other words, any company runs the risk of having its production halted, its sales blocked, its data stolen and even suffering extortion at any time.

But, if you think that your company is not in the sights of these cyberattacks, believe me: it is!

Rising Vulnerability

In the first three months of this year alone, the United States recorded a 22% increase in cyberattacks compared to the same period last year, according to data from Check Point Research. 

Considering this rise and analyzing data from the Picus Blue Report 2024, which indicates that 40% of over 136 million environments had vulnerabilities that could grant access to domain administrators and, consequently, allow full control of the network by cybercriminals, we can expect a wave of financial losses. 

Although we cannot accurately predict future threats, it is evident that cybersecurity must be a priority for any company. Ignoring these risks and failing to invest in solutions with strong security support, rapid response, and constant effectiveness against cyberattacks can be fatal for the future of business operations. 

Cloud ERP – 24/7 Security and Availability

Given the complexity of cybercrimes and the rise in connectivity, on-premise ERP systems have become the perfect opening for attackers, as it is almost impossible to keep internal systems updated, manage new remote accesses and frequently train employees to maintain up-to-date security standards.

But all of this can be controlled with the technology and resources of cloud ERP, which offer broader protection and strengthen the company’s security posture with proactive management and faster detection of system threats.

With cloud-based tools, company data is monitored 24 hours a day, every day, without exception, improving the management of supervised devices, which facilitates the detection of patterns or malicious activities, and can respond effectively to a variety of threats in real time.

Other advantages that this type of system offers are: automated updates and backups, greater operational efficiency, significant reduction in IT costs, ease of use and the ability to easily integrate contracts from all global operations in one place.

SAP S/4HANA Cloud Public Edition Solution

Currently, companies from various sectors of the economy are migrating or have already migrated to SAP S/4HANA.

This ERP uses advanced technology that ensures the integrity, confidentiality and availability of data, protecting employee and customer information stored in the management system of departments such as HR and Sales, for example, which usually house sensitive information. It also includes solid cybersecurity measures in compliance with national (LGPD) and international (GDPR) standards.

SAP S/4HANA offers organizations a much safer and ready-to-use environment to store and process sensitive data, ensuring stakeholder confidence in the management of corporate information.

With broader management strategies and operational efficiency, maintenance and system update costs are reduced, resulting in leaner and more economical operations for the company.

This solution can be easily scaled as the business grows. The solution packages are adjustable according to the size and sectors of the company, which facilitates implementation and reduces the time to return on investment.

Choosing a strategic partner and using cutting-edge technology are fundamental and will certainly make all the difference when it comes to the success and security of your business.

Sources:
https://www.andersoneconomicgroup.com/dealer-losses-due-to-cdk-cyberattack-reach-1-02-billion/https://www.cnn.com/2024/07/11/business/cdk-hack-ransom-tweny-five-million-dollars/index.htmlhttps://blog.checkpoint.com/research/shifting-attack-landscapes-and-sectors-in-q1-2024-with-a-28-increase-in-cyber-attacks-globally
https://www.picussecurity.com/resource/blog/blue-report-2024-reveals-40-percent-of-environments-exposed-to-full-take-over