Installing an Enterprise Resource Planning (ERP) system is an obligation for an organization. And since it connects and drives business operations, it is crucial to keep up with the latest industry standards. So if you are considering upgrading to an cloud ERP Software, you have made a wise decision. The cloud ERP system utilizes cloud computing and is distributed via a software-as-a-service (SaaS) subscription model.
While there are numerous benefits associated with cloud ERP, there are major cybersecurity concerns as well. Let us discuss these.
Cyber Security Loopholes in Cloud ERP
Outdated Software: The attackers target vulnerable software and networks to inject malicious files. The outdated software, that requires an update, is the most common cause of a cybersecurity compromise.
Ineffective User Permission Management: Security threats can be both internal and external. When you don’t specify and manage user permissions judiciously, a data breach can happen, putting organization’s data and customers sensitive information at risk.
Compliance Issues: Not adhering to standard rules, regulations, and compliances also result in a cybersecurity breach. For example, if the server is not compliant to PCI DSS norms, this may result in a financial fraud.
DDoS Attacks: The distributed-denial-of-service (DDoS) attack is the most common security issue that affects the smooth functioning of a cloud enterprise resource planning software. It disrupts the normal functioning by targeting different layers of the internet network connection.
Recommended Security Measures
Software Patching: Identifying bugs at regular intervals and immediately patching the software removes the vulnerability. This prevents hackers from injecting malicious files in the system.
Two-factor Authentication (2FA): Passwords are just not enough when it comes to granting access. 2FA ensures a sign-in comes from an authenticated user, whether internal or external.
Web Application Firewall (WAF): This is one of the best defense strategies against DDoS attacks. It filters malicious server requests, thereby ensuring the seamless flow of normal internet traffic.
End-to-End Encryption: The data must be encrypted, when it is stored and during transit as well. The end-to-end encryption secures data against hacking attempts, thereby ensuring the safety of confidential information.
Cybersecurity is an ever-evolving concern. As the cloud computing and use of ERP systems are on a consistent rise, efforts must be made to safeguard data from the unethical clutches of the cyber world.
Author Bio: Nilam Oswal
Nilam Oswal is a Content Marketing Head at SoftwareSuggest, as well as a gadget enthusiast. When she’s not hard at work, she can be found wandering, reading and just generally having a good time in life. She writes about software such as HR management software, Project Management software and latest software trends.