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The traditional strategy for security is based on authorized user trust. When a user compromises the ERP or other business applications, the game is over.
The traditional strategy for security is based on authorized user trust. When a user compromises the ERP or other business applications, the game is over.
5%
of annual revenues lost to fraud & errors> source5%
22%
of cases amount to losses greater than $1M> source22%
$145k
median loss for each instance> source$145k
18
months median time before being detected> source18
24%
of reported frauds committed by senior management> source24%
46%
of CEOs say their organizations spent the same or more on investigations, then directly lost to the fraud itself> source46%
89%
expect attacks on ERP systems with average cost per breach $5M> source89%
34%
of CEOs believe too many false positive alerts produced to combat fraud> source34%
68%
of external actors committing fraud are frenemies-agents, vendors, shared service providers, customers> source68%
$10M
average ERP fraudulent damages> source$10M
4,000
known bugs in SAP software pose security threats > source4,000
5,000
known bugs in Oracle software pose security threats> source5,000
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