As the curtains close for year 2023, the financial impact of cyberattacks on the global economy is predicted to reach $10.5 trillion. It is imperative for IT managers to be aware of the evolving landscape. Let’s see what will shape the cybersecurity arena in the coming year. From a data-centric perspective, we have identified 7 trends that will be important for data security.

The manufacturing industry has undergone a huge digital transformation in recent years. While these changes have increased productivity, the industry has also experienced new pressures from cybersecurity. In 2022, the industry has been vulnerable to 250 data violation incidents in the United States alone costing nearly 23.9 million USD. More and more industries are finding their intellectual property (IP) at risk as threat actors become more sophisticated.

Business-critical applications such as ERP, SCM, CRM, PLM, and others support essential business functions and processes for the world’s largest commercial and government organizations. This includes supply chain, manufacturing, finance, sales and services, and defense. Many businesses in the Defense Industrial Base (DIB) utilize SAP in their ERP landscape.

Does your company run SAP applications? If you do, you know how difficult it can be to manage identities. Most of the time, SAP applications are siloed and run completely independently of the rest your IT environment. This makes provisioning users across your SAP and non-SAP platforms a challenge at minimum and at worst, an impossible task. One Identity Manager provides comprehensive certified integration with SAP products.

Vertical risk management and complete identity governance can only be achieved through the integration of critical platforms with other systems and applications in use and by either integrating existing point solutions or reducing their number altogether. Integration of an identity platform with SAP is one of those major challenges for many organizations today.

Even though this blog discusses some serious topics related to security of mission-critical SAP applications, why not start it with a fun trivia question? So, here it is: “What does SAP stand for?” As per the company’s website, SAP is an acronym for the organization’s original German name “Systemanalyse Programmentwicklung,” which stands for System Analysis Program Development in English. Founded in 1972, SAP is a global leader in enterprise application software.

As cyber security threats become more complex and sophisticated, old strategies of dealing with these threats are no longer complete. Security and risk management have become a top priority for organizations. New regulations and laws have been passed to protect consumers’ personal information. Organizations are strengthening their security measures and gearing up to defend themselves against ransomware and supply chain attacks. Given below are some top trends to watch out for in 2023..

The loss of data in any form is detrimental to an organization’s growth. However, the loss of IP in the form of CAD files perhaps is tantamount to ringing the death knell. In the world of manufacturing and high-tech companies the most critical IP, such as details of either mature products or yet-to-be patented prototypes, is represented as constructional drawings typically stored as CAD files. Consider, for example, the case of Apple losing its IP.

As companies grow, they constantly face problems that pose a great risk to it and in some cases the economy itself. With data breaches and data leakages becoming a norm in today’s world, companies are forced to step up to the plate and face the heat. What these companies fail to understand is the fact that there are no exceptions when it comes to malfunctions and insider threats.