The Latest Cybersecurity In The Erp Industry Statistics Explained
47% of ERP systems suffered data breaches in 2019, according to a survey.
This statistic indicates that in 2019, nearly half of Enterprise Resource Planning (ERP) systems experienced data breaches as reported by a survey. ERP systems are critical for managing business operations and store sensitive data such as financial information, customer data, and intellectual property. A data breach in an ERP system can have serious consequences, including financial losses, reputational damage, and potential regulatory fines. This statistic underscores the pervasive threat of cyber attacks targeting ERP systems and highlights the importance for organizations to prioritize cybersecurity measures to protect their valuable data and systems from unauthorized access.
Only 31% of organizations used standard cybersecurity tools to monitor ERP applications in 2021.
The statistic reveals that a relatively small percentage, specifically 31%, of organizations in 2021 utilized standard cybersecurity tools to monitor Enterprise Resource Planning (ERP) applications. This suggests that a significant number of organizations may not be adequately equipped to protect their ERP systems from potential cyber threats and vulnerabilities. Given the critical role ERP applications play in managing essential business processes and storing sensitive data, the lack of proper cybersecurity measures could leave these organizations vulnerable to cyberattacks and data breaches. This statistic highlights the importance of prioritizing cybersecurity strategies and investing in tools to safeguard ERP systems from evolving cyber threats.
In 2020, cyber attacks on ERP systems resulted in an average financial impact of $5 million per incident.
The statistic indicates that in 2020, cyber attacks on Enterprise Resource Planning (ERP) systems had a substantial financial impact, with each incident resulting in an average cost of $5 million. This suggests that organizations using ERP systems faced significant financial losses due to cyber attacks, likely stemming from data breaches, system downtime, and the costs associated with remediation efforts. Such attacks can disrupt business operations, compromise sensitive information, and damage a company’s reputation. The high financial impact underscores the importance of robust cybersecurity measures to protect ERP systems and mitigate the risk of cyber threats in today’s digital landscape.
79% of businesses with ERP systems report having been affected by a cyber threat in the last three years.
The statistic states that 79% of businesses that have implemented Enterprise Resource Planning (ERP) systems reported experiencing the impact of a cyber threat within the last three years. This finding suggests that despite investing in advanced ERP technology, a significant majority of such businesses are still vulnerable to cybersecurity risks. Cyber threats could include malware infections, data breaches, hacking incidents, or other malicious activities perpetrated against the ERP systems. This statistic highlights the importance of cybersecurity measures and vigilance for businesses utilizing ERP systems to protect their sensitive data and operations from potential cyber attacks.
64% of ERP users believe their systems are vulnerable to cyber threats.
The statistic that 64% of ERP (Enterprise Resource Planning) users believe their systems are vulnerable to cyber threats indicates a significant level of concern among ERP users regarding the security of their systems. This high percentage suggests that a majority of users perceive potential vulnerabilities within their ERP systems that could expose them to cyber threats such as data breaches, hacking, or malware attacks. These concerns may be influenced by the increasing frequency and sophistication of cyber threats targeting businesses, as well as the critical role that ERP systems play in managing sensitive and valuable data. Addressing these perceived vulnerabilities is crucial for organizations to protect their data, systems, and operations from potential cyber risks.
On average, companies using ERP systems have experienced an increase of cyber attacks by 14% annually since 2018.
The statistic indicates that, on average, companies utilizing Enterprise Resource Planning (ERP) systems have observed a yearly rise in cyber attacks of 14% since 2018. This suggests that organizations relying on ERP systems to manage their operations are facing an escalating threat from cyber attacks, highlighting the growing importance of cybersecurity measures in protecting sensitive data and maintaining the continuity of business operations. The statistic underscores the need for companies utilizing ERP systems to prioritize cybersecurity efforts, enhance security measures, and stay vigilant against evolving cyber threats to safeguard their systems and information assets effectively.
90% of cyber attacks on ERP systems are targeted at the administrative user accounts.
The statistic ‘90% of cyber attacks on ERP systems are targeted at the administrative user accounts’ indicates that a significant majority of security breaches and malicious activities in ERP systems occur specifically targeting administrative user accounts. This suggests that adversaries are specifically aiming to gain privileged access and control over sensitive data, configurations, and functionalities within ERP systems. It highlights the critical importance of implementing strong security measures, access controls, and monitoring mechanisms to protect these administrative accounts and overall system integrity. Organizations utilizing ERP systems must prioritize enhancing the security posture of their administrative accounts to mitigate the risk of cyber attacks and safeguard their valuable assets.
Approximately 60% of ERP implementations that lack a focus on cybersecurity fail.
The statistic “Approximately 60% of ERP implementations that lack a focus on cybersecurity fail” suggests that there is a strong relationship between the absence of cybersecurity measures and the failure of Enterprise Resource Planning (ERP) implementations. This statistic implies that cybersecurity plays a vital role in the success of ERP projects, as neglecting it significantly increases the likelihood of failure. It highlights the importance of integrating cybersecurity practices into ERP implementations to safeguard sensitive data, protect against cyber threats, and ensure the overall security and success of the project. Organizations that prioritize cybersecurity in their ERP implementations are more likely to achieve successful outcomes compared to those that overlook it.
Cybersecurity incidents can cause ERP system downtime, which averages $500,000 an hour in losses.
The statistic indicates that cybersecurity incidents have the potential to disrupt Enterprise Resource Planning (ERP) systems, leading to system downtime. This downtime is estimated to result in an average financial loss of $500,000 per hour for organizations affected by such incidents. This figure encompasses the direct costs associated with the inability to access critical business functions and data stored within the ERP system, as well as potential revenue losses due to interrupted operations and delayed business activities. The substantial financial impact highlights the significant risk that cybersecurity threats pose to the smooth functioning and continuity of business operations for organizations relying on ERP systems, emphasizing the importance of robust cybersecurity measures and incident response protocols in safeguarding against such disruptions.
Only around 34% of organizations using ERP systems have incorporated AI and machine learning into their cybersecurity approaches.
The statistic suggests that a relatively small proportion, only about 34%, of organizations that utilize Enterprise Resource Planning (ERP) systems have integrated artificial intelligence (AI) and machine learning technologies into their cybersecurity strategies. This implies that the majority of organizations may be missing out on the potential benefits of utilizing advanced technologies to enhance their cybersecurity defenses. By incorporating AI and machine learning, organizations can improve threat detection, automate security processes, and enhance their overall cybersecurity posture. Therefore, there appears to be a significant opportunity for organizations to further leverage these technologies to bolster their cybersecurity capabilities and protect against evolving cyber threats.
40% of cyberattacks on ERP systems involved ‘insider threats’ either intentional or accidental.
The statistic stating that 40% of cyberattacks on ERP (Enterprise Resource Planning) systems involve ‘insider threats’, whether intentional or accidental, suggests a significant vulnerability within organizations. Insider threats refer to individuals within the organization, such as employees or contractors, who intentionally or inadvertently pose a security risk. This statistic highlights the importance of implementing robust access controls, monitoring systems, and training programs to mitigate the risks associated with insider threats. Organizations should focus on identifying and addressing potential vulnerabilities within their internal operations to enhance the overall security posture of their ERP systems and safeguard critical business data and operations.
On average, it takes organizations 280 days to discover and respond to an ERP system breach.
This statistic indicates that, on average, organizations are slow to detect and address security breaches within their Enterprise Resource Planning (ERP) systems, taking approximately 280 days to identify and respond to such incidents. This lengthy period highlights the potential vulnerabilities and risks within ERP systems, which could have serious consequences for organizations, including data breaches, financial losses, and reputational damage. It underscores the importance of implementing robust cybersecurity measures and proactive monitoring practices to expedite breach detection and response times, thereby minimizing the impact of security incidents on organizational operations and stakeholders.
Supply chain attacks targeting ERP systems have increased by 78% in 2019.
The statistic stating that supply chain attacks targeting Enterprise Resource Planning (ERP) systems have increased by 78% in 2019 indicates a significant rise in cyber threats to the operational backbone of businesses. ERP systems are crucial platforms that integrate various business processes and functions, making them highly valuable targets for cybercriminals seeking sensitive data or attempting to disrupt operations. The 78% increase suggests a growing trend of attackers exploiting vulnerabilities in the supply chain to infiltrate ERP systems, highlighting the urgent need for organizations to strengthen their cybersecurity measures and vigilance in the face of evolving threats.
SAP ERP systems accounted for 72% of the total ERP market share in 2020.
The statistic indicates that SAP ERP systems held a dominant position in the enterprise resource planning (ERP) software market in 2020, capturing a significant 72% share of the total market. This suggests that SAP, a leading provider of ERP solutions, was the preferred choice for a majority of businesses seeking to streamline their operations, manage resources, and improve efficiency. The high market share also signifies a level of trust and confidence in SAP’s products and services among organizations across various industries. Overall, this statistic highlights SAP’s strong presence and influence in the ERP software industry during the specified year.
In 2021, ransomware attacks rocketed by 105% against ERP systems compared to 2020.
The statistic indicates that in 2021, there was a significant increase in ransomware attacks targeting Enterprise Resource Planning (ERP) systems compared to the previous year. Specifically, there was a 105% surge in the number of ransomware incidents affecting ERP systems in 2021 as opposed to 2020. This steep rise underscores the growing trend of cybercriminals targeting critical business infrastructure such as ERP systems, which are essential for various organizational functions. The statistic highlights the heightened risk posed by ransomware attacks on ERP systems and emphasizes the urgent need for organizations to strengthen their cybersecurity measures to safeguard their sensitive data and operations.
Conclusion
Cybersecurity is a critical concern in the ERP industry, as evidenced by the statistics presented in this blog post. It is clear that ERP systems are increasingly becoming targets for cyber attacks, highlighting the importance of robust security measures to protect sensitive data and ensure business continuity. Organizations must stay updated on the latest cybersecurity trends and invest in proper training and technology to safeguard their ERP systems against potential threats.
References
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