Multi-Factor Verification
How can an organisation verify the legitimacy of a counterparty to a transaction in a fully digital environment? Download this guide outlining the challenges we all face when it comes to establishing legitimacy in the digital world. It also explores our Multi-Factor Verification methodology.


From an Onapsis survey, nearly 2 of 3 organisations using enterprise resource planning platforms in the last 24 months have had a security breach according to I.T decision-makers. Some of the breaches targeted ERP systems such as SAP and Oracle, which are one of the most popular ERP platforms. On-premise or cloud-based ERP systems currently present vulnerability when it comes to cyber-attacks.

In most cases, cloud ERPs are considered to be the most secure option, as they provide greater security and service updates. Traditionally, enterprise-level ERP servers are managed by their respective enterprises. However, cloud-based ERP vendors host applications and data on specialized Cloud databases protected by highly skilled firewalls to guard against malicious attacks.

ERP systems are susceptible to becoming exposed. These vulnerabilities make ERP systems more likely to be exploited by hackers. Issues like, updates being delayed, lack of staff training, and rights to access could result in security vulnerabilities if the issues are not managed well. This could lead to ERP systems becoming compromised by malware.

Identifying, defending against and recovering from ERP attacks is an important part of the ERP security process as companies transfer or upgrade to new platforms. One approach is to restrict accessibility and implement Multi-Factor Authentication (MFA). Restricted access helps organizations become more secure by allocating access rights to individual employees.

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