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Cyber Threats Such as Ransomware

Current cyber threats such as ransomware jeopardize entire operations by encrypting data and systems. This can lead to a super-GAU if companies are reliant on real-time analysis.
E3 Magazine
December 27, 2023
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This text has been automatically translated from German to English.

Many organizations rely on the SAP Hana database, which makes database protection a must. Nevertheless, many companies only consider modern IT security when it is already too late. Downtime, serious data leaks, loss of image and trust are potential consequences. However, companies can prevent the effects of ransomware by relying on three pillars to protect their most valuable asset - their data. 

Until recently, many employees worked exclusively in the office and only experts were able to use ransomware efficiently. Those days are over. Workplaces are no longer restricted to specific physical locations and ransomware as a service means that even criminals with little technical knowledge can commission blackmail campaigns via the darknet. Despite these developments, too many companies continue to rely on traditional approaches to perimeter protection when it comes to data security. However, once this has been penetrated, attackers often have an easy time of it.

The new Rubrik Zero Labs Report, for which more than 1600 IT security managers were surveyed, shows just how devastating this is. For example, 48 percent of German IT experts believe that data growth is already exceeding their ability to secure data and manage risks. 98 percent of the organizations surveyed are of the opinion that they currently have considerable problems with data visibility. In addition, more than a quarter of companies (27%) recorded a significant loss of sensitive data in 2022.

Endpoint Security

Once endpoint security has been overcome, attackers can swim along unnoticed in the perpetual stream of an organization's data growth. The fact that this will happen at some point is no longer a question of if, but when.

The primary goal of a modern cyber security strategy is to limit the impact of a successful attack as much as possible. Specifically, every organization should build its strategy on three pillars: Data Resilience, Data Observability and Data Remediation.

Data Resilience

Those responsible create data resilience by using unchangeable backup copies based on zero-trust principles. Once written, they cannot be changed afterwards. This means that even ransomware cannot encrypt the backup copies. This ensures that data and systems can be restored.

Data Observability

In addition, continuous data monitoring across the entire IT environment (including data backup) should detect sensitive data (data observability) in order to identify indicators of a threat. This includes understanding who has access to which data, what it is used for and when, and where it is stored.

In a ransomware incident, the ransom payment for decryption is not the main cost. The following costs may also be incurred: Downtime costs, external consulting and personnel costs, further extortion with stolen data, data protection measures, patent infringements, loss of sales due to loss of customers and competitive advantages, damage to image and negative media coverage, costs for investigations, replacement measures and legal disputes.

It is therefore important that the recovery (data remediation) of data and applications is guaranteed reliably and quickly.

rubric.com

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Work on SAP Basis is crucial for successful S/4 conversion. This gives the so-called Competence Center strategic importance among SAP's existing customers. Regardless of the operating model of an S/4 Hana, topics such as automation, monitoring, security, application lifecycle management, and data management are the basis for the operative S/4 operation. For the second time already, E3 Magazine is hosting a summit in Salzburg for the SAP community to get comprehensive information on all aspects of S/4 Hana groundwork. With an exhibition, expert presentations, and plenty to talk about, we again expect numerous existing customers, partners, and experts in Salzburg. E3 Magazine invites you to Salzburg for learning and exchange of ideas on June 5 and 6, 2024.

Venue

Event Room, FourSide Hotel Salzburg,
At the exhibition center 2,
A-5020 Salzburg

Event date

June 5 and 6, 2024

Tickets

Early Bird Ticket - Available until 29.03.2024
EUR 440 excl. VAT
Regular ticket
EUR 590 excl. VAT

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Venue

Event Room, Hotel Hilton Heidelberg,
Kurfürstenanlage 1,
69115 Heidelberg

Event date

28 and 29 February 2024

Tickets

Regular ticket
EUR 590 excl. VAT
The organizer is the E3 magazine of the publishing house B4Bmedia.net AG. The presentations will be accompanied by an exhibition of selected SAP partners. The ticket price includes the attendance of all lectures of the Steampunk and BTP Summit 2024, the visit of the exhibition area, the participation in the evening event as well as the catering during the official program. The lecture program and the list of exhibitors and sponsors (SAP partners) will be published on this website in due time.