ERPScan Listed as a Sample Vendor in Gartner's Hype Cycle for Application Security

PALO ALTO, Calif., Sept. 6, 2017 /PRNewswire/ -- ERPScan, a leading provider of SAP and Oracle application cybersecurity solutions and services, today announced that it has been identified as a sample vendor in the Gartner "Hype Cycle for Application Security 2017" report[i] for the emerging category of Business-Critical Application Security as well as for mature Static Application Security Testing category for its innovative ERPScan Security Monitoring Suite for SAP and PeopleSoft applications.

The research segmented Business-Critical Application Security as a separate category for the first time ever. We believe there are several reasons behind this game-changing acknowledgement. Business software is increasingly exposed to the Internet, so that financially motivated attackers are targeting ERP, CRM, HR, and other business applications now more than ever. According to ERP Cybersecurity Survey 2017, 89% of security experts anticipate that the number of cyber-attacks against ERP systems will grow.

The consequences of such attacks can be disastrous as an average cost of an SAP security breach is estimated at up to $10m, the ERP Cybersecurity Survey 2017 states.

"By definition, business-critical application security applies to applications critical to the functioning of the business. Downtime of the core ERP system of an enterprise can be catastrophic. Outages and theft caused by hackers should be viewed as critical as downtime caused by hardware or software failures," Gartner analyst Neil MacDonald mentions in the report.

"It's an honor for us to be listed as a Sample Vendor. We are also pleased that the business critical application security was finally recognized by the leading analyst firm as we feel it validates the importance of this area. We started our work in this realm 10 years ago and now we are witnessing that our efforts are yielding results; nonetheless, there is still a lot of work left to go. Some companies have already taken their first steps toward business application protection, but for now it looks like disintegrated actions instead of required strategic approach," commented Alexander Polyakov, CTO at ERPScan.

ERPScan recommends that SAP Customers apply a comprehensive approach to Business-Critical Application Security, which balances traditional defensive mechanisms and proactive measures. To solve this problem, ERPScan introduced  SAP Cybersecurity Framework following a Predict, Prevent, Detect and Respond (PPDR) Model designed by Gartner.

Join the "How to prevent SAP cybersecurity incidents?" webinar and learn how to minimize the attack surface and halt malefactors before they breach your company.

Disclaimer:

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

[i] Gartner, Hype Cycle for Application Security, 2017, Published: 28 July 2017 ID: G00314199,   Analyst(s): Ayal Tirosh

About ERPScan

ERPScan is the most credible Business Application Cybersecurity provider. It operates globally and enables large Oil and Gas, Financial, Retail, and other organizations to secure their mission-critical processes. ERPScan's primary mission is to close the gap between technical and business security and provide solutions for CISOs to evaluate and secure SAP&Oracle ERP systems.

Contact:
Darya Maenkova
+18314715831
[email protected]

SOURCE ERPScan

Related Links

https://erpscan.com/