Business Automation and Software Blog

Manufacturing companies absolutely depend on their ERP to optimize their business processes and give them the data they need when making important decisions. Cyberattacks and ransomware are unfortunately becoming more common over time, which makes taking steps to fight back against these cyberthreats a priority. Improving ERP security is one thing all manufacturers can do to mitigate cyberthreats.

Why are ERP Systems Targeted?

The answer is simple: a company’s ERP contains crucial and sensitive information. If this information is obtained by outsiders, it may lead to:

Did you know that the average cost of a data breach in 2020 was $3.86 million USD? While that’s a 1.5 percent decrease over 2019, it’s still a hefty price tag. Lest you think that smaller businesses aren’t as much at risk, think about all the data that is in your ERP system. If the wrong person were to gain access through hacking or ransomware it could spell disaster for your business. Attackers could steal financials, manufacturing secrets, and other sensitive information. Cybercrime can even go so far as halting critical infrastructure, effectively crippling your business.