Each year, the number of reported attacks by cybercriminals increases. According to Infor, it’s estimated that a different organization is attacked every 11 seconds. Along with the attack comes a potential loss of data and income resulting in an average of 7.3 days of downtime. Together, this costs an estimated $3.24 million. Additionally, an organization
There are many benefits to using ERP solutions, including robust functionality, streamlined protocols, and online availability. However, ransomware and cyberhackers are on the rise, making ERP security a top priority. Small and medium-sized businesses (SMBs) are targets because, unlike large companies, SMBs lack large-scale IT departments to handle security details. Cyberhackers use the misconception that
Taking on something new can be intimidating, but familiarizing yourself with the potential stumbling blocks can make all the difference in rising to the challenge. The same can be said for moving to a cloud-based ERP solution. Although it can seem intimidating at first, knowing the most common challenges can put you a step ahead
Healthy habits lead to stronger data security. Like a doctor’s advice, keeping healthy routines makes for a longer-lasting life with fewer problems, and the same can be said for managing ERP data security. Healthy security habits help keep issues away. Whether your ERP system is on-premises or in the cloud, they both need to be
Investing in the prevention of security threats is a wise decision for any business to make. According to a recent study by Price Waterhouse Coopers (PWC), 47% of companies surveyed experienced fraud in the last 24 months, but only about half of those organizations are dedicating resources to risk assessment, monitoring, and third-party management. There is a
Wondering if you should move your ERP system to the cloud? Deciding whether the ERP system you choose should be cloud-based or on-premises depends largely on your business needs and security needs. On-premises ERP security is vastly different from cloud-based ERP security. Take a look at the following comparison before you decide which ERP system
Businesses wanting to improve their system management may have concerns about security risk and threat protection. One way to address these concerns is with an ERP solution. ERP systems can help streamline security and reduce risks and threats by keeping tight security measures in place and automating immediate responses to trouble. An ERP system can
As a business grows, so should its software and data security. ERP software can add a line of protection to your defenses by securing information, records, and processes. But deciphering whether a cloud-based system or an on-premises system is more secure can be confusing. As more businesses move to cloud-based ERP systems, it’s helpful to
On-premises ERP software runs on in-house servers at your own location or locations under your control. Many small and medium-sized businesses that implement on-premises ERP don’t have to sacrifice data security while keeping the ERP system on company property. While nothing is foolproof, with the right resources and a strategic plan, data can be confidently
