In today’s digital age, cybersecurity holds greater significance than ever before. It involves protecting systems, networks, and data from digital attacks. These attacks are typically intended to access, change, or destroy sensitive information; extort money from users; or disrupt normal business processes.

Why Do You Need Cyber Security?

In a world where our reliance on technology grows by the day, maintaining effective cybersecurity hygiene is more than a best practice; it is a critical necessity. Security products include a variety of tools and technologies, such as antivirus software and endpoint security solutions, as well as end-user training and email security software. These products serve as critical layers of defense against evolving cyber threats, assisting in the protection of sensitive data and critical systems. 

Why is cybersecurity important?

Cybersecurity is important because it protects your business from digital threats that can steal, damage, or hold your data hostage. With the increasing reliance on technology, cyberattacks are more common and sophisticated. Effective cybersecurity measures keep your sensitive information safe, ensure your operations run smoothly, and protect your reputation from the fallout of a data breach. Simply put, cybersecurity helps keep your business secure and trustworthy in the digital age.

The Vital Importance of Cybersecurity in Safeguarding ERP Systems

ERP systems are crucial for businesses, they’re like a vital spark for businesses to connect operations such as inventory, warehousing, logistics, accounting, and manufacturing. ERP systems are the backbone for many businesses and ensure that everything runs smoothly. This system handles a large amount of confidential information about a company’s operations, sales, employees, customers, vendors, and partners, therefore strong security measures are required. Even minor security breaches can have a significant impact on the entire business.

Experts forecast a 30% surge in cyberattacks targeting ERP systems in the foreseeable future. This makes it critical for businesses to incorporate cybersecurity into their ERP strategy. Protecting your ERP system is more than just keeping data safe; it is also about ensuring that your business runs smoothly and without interruption.

Detect an ERP vulnerability

1. Insufficient authentication methods
2. Insecure configurations, such as improper permissions or overly permissive access controls, can allow attackers to exploit ERP systems. 
3. Due to insufficient logging and monitoring capabilities, it is difficult to detect and respond to security incidents in ERP systems quickly.
4. Phishing and pretexting are examples of social engineering attacks that aim to obtain login credentials or sensitive information from ERP system users.
5. Insufficient employee training on cybersecurity best practices heightens the risk of human error, leading to security breaches in ERP systems.

Best Practices of Cybersecurity You Need to Know

Strong Authentication:

Log into your ERP system using multiple passwords. Add an extra layer of security, such as a code sent to your phone, to ensure that only authorized users gain access. Make sure passwords are strong with a mix of letters, numbers, and symbols, and change them regularly.

Regular Updates and Patch Management:

Keep your ERP software up to date by installing the latest security patches provided by the ERP company. Focus on fixing the most important security issues first to keep your system safe from known problems.

Encryption:

When data is transmitted between segments of your ERP system or stored, employ special codes to encrypt it, thereby rendering it unreadable even if accessed by unauthorized parties. To safeguard sensitive information, consistently ensure encryption, particularly for customer details.

Continuous Monitoring:

Always keep an eye on your ERP system, using special tools to detect any unusual activity.  To identify problems quickly, use systems that collect and analyze information about what is happening in your ERP system. 

Incident Response Plan:

Make a plan for what to do if there is a security issue with your ERP system, including who will be in charge and how you will notify others. Practice your plan on a regular basis to ensure that everyone understands what to do if anything goes wrong.

Backup Data Regularly: 

Maintain regular backups of crucial data to guarantee its restoration in case of a ransomware attack or data loss incident

At Jupical Technologies, We prioritize the security of your business. That’s precisely why we’ve engineered our ERP solutions with cutting-edge cyber security features. Our ERP systems include robust login protections, regular updates to keep your system safe, access controls so only the right people can see sensitive data, encryption to keep your information secure, and much more. With Jupical Technology, rest assured that your ERP system is secure to confront cyber threats, offering you peace of mind as you manage your business. Don’t hesitate to reach out to us for all your business ERP system requirements.