SAP discloses security lapses; says there was no data breach

guest · May 5, 2020

SAP discloses security lapses; says there was no data breach
May 5, 2020
https://www.reuters.com/article/us-...s-says-there-was-no-data-breach-idUSKBN22H1CB

Business software group SAP disclosed on Tuesday that some of its cloud products did not meet contractual or statutory security standards and said it would take remedial action to fix the problem as soon as possible.

The shortcomings were not identified in response to a specific security incident, the German company said, nor did it believe that any customer data had been compromised as a result of those issues.

“Events like this don’t help SAP’s reputation, and both existing and new customers of SAP will likely spend more time digging into SAP’s product security now,” said Jefferies analyst Julian Serafini.
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OUTLOOK MAINTAINED
SAP said it had initiated action to address the shortcomings it has identified in relation to contractually agreed or statutory security standards. This work would be completed to a large extent in the second quarter.

“SAP is informing affected customers – approximately 9% of SAP’s 440,000 customers - and providing full product and customer support,” the company said.
It has opened a new “Cyber Fusion Center” in Newtown Square, PA, as a hub for its global security operations.
The company denied that the security measures were taken in response to a specific hacking incident.
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Asked specifically whether there was any link to the exploits of a group of suspected Chinese cyber-spies known as “Cloud Hopper” that penetrated the IT systems of several large companies, a spokeswoman said: “None whatsoever.”
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