The information era brings with it many benefits. But as business grows, the chance of being taken advantage of grows too.
Cyberattacks are on the Rise
A report from Proofpoint based in the United States has confirmed that 63% of businesses in Canada have seen an increase in targeted cyberattacks. Whether this is due to the shift to remote work, or the emboldening of cybercrime through successful attacks like the one on the Colonial Oil Pipeline, businesses are more at risk than ever.
"This is a story about the rise in cyber attacks. I mean, it's the perfect weapon, as David Sanger says, it's a short-of-war weapon."
Helima Croft, National Petroleum Council
Cybercrime had been described as the "perfect weapon" according to Helima Croft of the National Petroleum Council and Global Head of Commodity Strategy at RBC Capital Markets. The crisis that comes with cyberattacks can lead to serious ramifications, including loss of revenue, loss of customer trust, privacy breaches, corruption of data, and the theft of funds.
As these crimes grow every day, the methods for combatting these issues seem difficult to navigate. Putting faith into software now has a deeper meaning behind it, and one wrong move could lead to ruin. However, there are solutions, and much of it involves just a simple change in habit.
Human Error: A Leading Cause of Cyberattacks
One way to combat cybercrime is to increase a culture of cybersecurity. Teaching staff awareness-instilling habits can help to drastically reduce the possibility of an attack. After all, more than 51% of cybercrime in Canada is caused by human error. An assumption of safety is one of the first things that is looked for in a company when it is being targeted. Mitigating this issue by reducing that chance is one of the best ways to prevent your company from experiencing such a crisis.
You can Reduce the Risk of Cyberattacks with Secure ERP
Secure ERP software and good customer support are also more important than ever. ERP software like SYSPRO, Dash DDX, and Microsoft Dynamics have methods for tracking viewed content while simultaneously providing security to suit the needs of the client. Moderating who has access to what channels and providing a secure, encrypted location help to mitigate potential cyberattacks. Documents are no longer at risk of being leaked as all are stored in one secure location.
Making the most of ERP Software
Reinforcing internet-facing ERP with security measures is one of the best ways to ensure coverage. Software providers know their own systems and are always introducing patches to help make it more secure than before. Customer service is there to help and will help give you peace of mind in a time when security is more daunting than ever before.
For example, Phoenix System's AssurITy Service uses system mapping, benchmarking, and labelling to help the client know exactly what they have and where it is. With this method, the company can develop emergency pre-planning procedures, back-up processes and network security protection in the case of possible crisis.
There is a Solution
While cyberattacks may be on the rise, ensuring company security and an environment of awareness will keep your organization from falling for these same issues. It doesn't need to come at a cost to the company, or worse, the client.
