I am proud to announce our collaboration with IBM. This exciting new relationship authorizes IBM to bundle and sell ERP Maestro together with their leading portfolio of enterprise security products and services, globally. We are working with IBM because, together, we can better address the broader problem of cybersecurity threats that come from inside the organization. There’s a reason this is significant: according to IBM Security’s 2016 Cyber Security Intelligence Index, 60% of all cybersecurity attacks were carried out by insiders. With 87% of Forbes 2000 companies using SAP, and 76% of the world's transaction revenue flowing through SAP systems, the potential risk exposure is truly massive.
Can internal fraud be entirely prevented?
That is the question on the minds of financial and auditing professionals everywhere as the latest findings on internal fraud reveal how weak internal controls are mostly to blame. According to the 2015 Kroll Global Fraud Report, 75 percent of companies across the globe have experienced a fraudulent incident within the past year. Of companies where fraud occurred and the fraudster was identified, 81 percent were targeted by at least one insider.