The Real Cost of SAP Cybersecurity Breaches

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Key Takeaways

⇨ SAP systems, which often house sensitive information for organizations, are prime targets for cyberattacks. The loss of information from cybercrime, particularly affecting SAP systems, accounts for 43% of total cybercrime costs.

⇨ To effectively combat cyber threats, businesses must implement robust security measures for both their operating systems and SAP applications.

⇨ Standard OS-layer cybersecurity solutions alone are insufficient for protecting SAP applications. Organizations need to employ specialized anti-malware solutions, such as those leveraging SAP’s Virus Scan Interface (VSI), to ensure comprehensive protection against cyberattacks.

As we experience large changes in the enterprise technology landscape, we also experience rising cybersecurity breaches in the form of malware and ransomware attacks. It is estimated that total economic cost of cybercrimes is $6 trillion per year. This enormous figure considers the cost of detecting, investigating, recovering and managing the incident response as well as the additional cost of business disruption and loss of customers.

If one puts that into perspective, a cyberattack is a threat to not one but all entities in a business, and it can be very difficult to control and recover if it is not identified in a timely manner. According to a study conducted by Accenture Security and Ponemon Institute, cybersecurity costs can be classified into four main categories- business disruptions, loss of information, loss of revenue, and damage to equipment.

Among the various categories of cybercrime costs, the loss of information inflicts the heaviest financial blow, accounting for 43% of the total. This underscores the criticality of SAP systems, which often serve as the primary data repositories for organizations, housing sensitive information from multiple business entities. Consequently, SAP systems are prime targets for hackers, particularly in the form of malware and ransomware attacks.

This highlights the salient nature of SAP solutions within an enterprise and the risks involved if these solutions are not properly protected. Organizations need to prepare effective countermeasures for such situations and with the rising costs of cyberattacks and cybersecurity systems rather sooner than later. Businesses need to ensure that their security is robust and up to date for their internal operating systems as well as add a separate layer of security for SAP solutions because in several scenarios, OS-layer cybersecurity solutions do not actually secure SAP applications. In the context of ransomware attacks, for example, only Anti-Malware solutions leveraging SAP’s proprietary Virus Scan Interface VSI are capable of adequately protecting SAP applications. Ergo, both OS and SAP security must go hand in hand to ensure that the organization is well-equipped and well-prepared to deal with cyberattacks in the future.

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