ERP system security methods
Network security and security controls
Currently, ERP software contains all important operational data of businesses that are used by users every day through internet systems and on different device platforms. This will pose many risks related to system security.
ERP system is computer software used to unify information used for organizational management including Production, Supply Chain Management, Financial Management, Human Resource Management, Customer Relationship Management, Enterprise performance management…
ERP systems integrate business processes that enable procurement, payments, shipping, human resource management, product management, and financial planning. Because ERP systems store confidential information, the Information Systems Audit and Control Association (ISACA) recommends that comprehensive assessments of ERP system security be regularly conducted, checking ERP servers for software vulnerabilities, configuration errors, division of task conflicts, compliance with relevant standards and recommendations, and vendor recommendations.
Harmful effects when the ERP system is exposed to security-related issues
Time and financial loss
- Cybercriminals can access and misuse sensitive financial data, either selling it on the dark web or demanding that companies pay to remove data encryption. Companies also face regulatory fines for failing to adequately protect customer data. Furthermore, the cost to identify and fix security vulnerabilities can be enormous.
- Security breaches can disrupt company operations, causing downtime and reduced productivity. In severe cases, companies may have to suspend operations until the problem is resolved, resulting in significant losses, especially for companies that rely heavily on data and real-time processes.
- Trust is vital to any business. Security breaches can deteriorate a company's reputation and lead to loss of customer trust. Repairing this damage can be challenging and time-consuming, highlighting the need for companies to prioritize the security of their ERP systems.
Measures to secure ERP systems for businesses include:
- Data Administration: ERP security risks often stem from poor data governance. A lack of clear data management policies can cause inconsistency and inaccuracy, leading to poor decisions and greater vulnerability to cyber threats. Companies should create a robust data governance framework that clearly outlines roles, responsibilities, and procedures. Regular data audits maintain data integrity by ensuring compliance with these policies.
- Access control: Unrestricted access to sensitive data poses significant risks to ERP security. This risk can be reduced by using role-based access controls that limit system access to specific data to certain roles. Regularly evaluating access permissions can further enhance security by identifying and remediating inappropriate permissions.
- Password authentication and password complexity requirements: Weak passwords can lead to the risk of password cracking attacks that can easily access the system and steal data.
- Disseminate and provide security training to employees: Users will not be aware of the importance of system security, so regularly updating information and requiring specific measures can help users avoid ERP system security risks. can happen.
- Prevent unauthorized systems: Companies can minimize these risks by implementing strict IT governance policies and using network monitoring tools to detect and block unauthorized systems.
- Update the ERP system securely: Regularly updating your ERP system is important to fix vulnerabilities and keep your system secure. Often, online criminals take advantage of identified weaknesses in outdated software.
- Third-party security testing: Auditing the security of third-party vendors and partners is essential as they often have access to your ERP system and can unintentionally create vulnerabilities. Regular security testing and compliance with your organization's security standards can minimize this risk.
