ERP systems work with large volumes of vital company, client and employee data. Even a minor security setback in ERP systems can disrupt the fine balance between processes and expose sensitive data to malware and ransomware attacks. Latest cloud-enabled ERP systems handle data from multiple devices and are accessed by multiple users across multiple platforms. This increases the vulnerability of the system and its processes.
The ERP Cybersecurity survey 2017, conducted by Crowd Research Partners and ERPScan, spoke to more than 1,900 cybersecurity experts and found that 89% expect to see a surge in attacks on ERP systems. 33% said they expect a “significant increase” in attacks and a majority of respondents said they are largely unaware that upgrading the ERP software can help avoid major security issues.
The situation might seem alarming but its solution is fairly simple. Timely upgrades to your legacy or recent ERP systems can enhance your system’s credibility and efficiency.
Here’s why timely upgrade of ERP software is important:
Outdated ERP software has incompatibility issues:
Outdated software won’t support new features. Technical support and desktop troubleshooting options are also limited for redundant ERP applications. Incompatible software is bound to crash and cause irrevocable financial loss to the enterprise. In the rapidly-evolving ERP world, the need of the hour is to update software to the latest version and benefit from latest features and services and ample backend support.
Legacy ERP software is prone to vulnerabilities:
Just as ERP developers are constantly looking for better ERP functionalities, software hackers are devising innovative means to intercept sensitive systems. If your ERP system houses confidential data on sales, accounting, finance or personal data on employees and customers, its security should be watertight. Legacy ERP systems are not competent enough to counter new-age security threats. The recent credit card theft in the US done by hijacking the Point of Sale (PoS) device powered by a weak ERP system is a classic example of how vulnerable outdated ERP systems are. A timely upgrade by a secure ERP system helps avoid data breach.
3i Infotech’s ORION is a cloud-enabled ERP system leveraging highest standards of security and safety. It protects your confidential data using multi-layered security parameters almost impossible to intrude or breech. Our ERP solutions have been designed using industry best practices and encompasses end-to-end security management and maintenance features.