BERLIN (Reuters) – 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.
FILE PHOTO: The company logo is seen at a showroom that hosts software company SAP in Davos, Switzerland January 22, 2020. REUTERS/Arnd Wiegmann
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.
While SAP, Europe’s most richly valued technology company, declined to elaborate on a statement it issued overnight, the news follows management turmoil and a reduction to its profit forecast due to the coronavirus pandemic.
Analysts said it could dampen enthusiasm among SAP’s client base to back a digital transformation in which it is seeking to shift the operation of enterprise, human resources and…
Source Reuters Tech News
Source link
