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Big data breaches in ERP systems to continue in 2020

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2020 security predictions from Greg Wendt, executive director of Appsian. His comprehensive list of key trends and security challenges enterprises and in particular ERP systems will face in the new year are included below.

Big-data-ERP

Big data ERP

Big data ERP-Enterprises can expect the trend of increased data breaches in ERP systems to continue to rise in 2020.

Since ERP was first designed as an application product, ERP systems cannot evolve alongside an organization’s evolving IT environment and are unable to integrate with advanced security initiatives. It is and will remain very challenging to keep ERP systems up-to-date and due to the business criticality of these applications, enterprises are wary of switching them out entirely. In order to secure ERP systems in 2020, business owners must realize the criticality of their businesses’ usability of ERP apps. It is the business owner who is more familiar with the users, and as Gartner concluded, it is the user – not the provider – who fails to manage the controls used to protect an organization’s data. With the growing number of connected applications running across the company, such as payment and HR apps, business owners need to evolve their ERP systems and go beyond firewalls.

In 2020, there will be a shift of CIO’s from systems technology experts to data-centric experts as security increasingly becomes more of a data level issue with more regulations arising such as CCPA.

As enterprises become more and more aware that the security of sensitive ERP systems data is a high priority especially with the rise in data privacy regulations such as CCPA, there will be a rise in CDO roles as well as a shift in the roles of CIO’s from focus on systems to a focus on data. This shift will cause many challenges though, as the majority of CIO’s do not specialize in the systems aspect of ERP. Yet, the rise in data-centric compliance initiatives as well as the deployment of fundamental security tools such as multi-factor authentication and SSO within the enterprise, will ease the transition from a systems-centric CIO to a data-centric CIO. Additionally, from an organizational perspective, we can expect more CIO and CISOs at the board level as organizations continue to mature and invest further in security and understand the varying operational budgets.

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Article Credit: VW

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