Keep The Lights On: Security for Your SAP Applications
The recent cyberattacks in the utilities industry are a grim reminder that this sector is a vulnerable target for ransomware. Utility companies provide essential services like electricity, heat, gas, and water. These companies are also responsible for handling sensitive data.
Cyberattacks on municipal utilities can cause:
- Power outages
- Damage to critical infrastructure and essential networks
- Stolen personally identifiable information (PII) resulting in eroded customer trust, damage to brand, and fines
- Billions of dollars lost to ransom demands and repairs
As the utilities sector adopts modern technology to streamline processes, their applications and networks become more interconnected. While the benefits of digital transformation are vast, moving systems and applications to the cloud leaves organizations vulnerable. With increasing interconnectivity between on-premises and cloud environments — between internal and third-party systems — exposure and risk increase. This has only become more apparent in the last two years; utilities companies have seen a 50% increase in cyber incidents from remote working. This industry cannot just rely on compliance regulations and traditional security to remain secure from attackers. While most companies within the utilities space have taken steps to protect their infrastructure, business-critical applications still fall out of the scope of traditional security measures.
Register here for our webinar on November 18, 2021 at 10:30 AM EST.