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.
A couple of weeks ago our team was at SAP TechEd in Las Vegas. This was the first year we participated at this event, and it was quite interesting to see the increased interest and buzz around SAP security. Now, I realize "SAP security" is a very broad term - but it boils down to protecting your precious SAP data two ways: from external AND internal threats. Often the latter is overlooked - and that's why SAP access security is so important. So, if you were asked by your CIO how your SAP access security is looking what would you say? Are you ready for a year-end security audit? Are you ready for GDPR? These are all questions we can help you answer in our next live webcast on Thursday, October 19th.
While not every segregation of duties (SoD) risk leads to fraud, it makes it more likely to happen. According to a 2016 KPMG report on internal fraud, weak controls were a contributing factor for 61 percent of fraud cases and over half of fraudsters were currently employed by the company.
Even though private companies do not have to comply with Sarbanes-Oxley (SOX) and other regulations as public companies do, it’s still important to maintain security and minimize risk in SAP.