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Onapsis X1 Enables Leading E-commerce Ecosystem to Streamline the Mitigation of SAP Security Risks and Meet Compliance Mandates

CAMBRIDGE, MA--(Marketwired - July 10, 2013) -  Onapsis Inc., the leading provider of solutions to protect ERP systems from cyber-attacks, today announced that MercadoLibre, the largest e-commerce ecosystem in Latin America, has chosen Onapsis X1 to streamline the detection and mitigation of SAP security risks, and adhere to ever evolving compliance regulations. Challenged with the question of where their organization stood regarding the increased threat of cyber-attacks targeting SAP that go beyond Segregation of Duties (SoD), MercadoLibre turned to the widely recognized expertise of Onapsis. Using Onapsis X1, MercadoLibre is not only capable of answering this question, but they are also realizing incredible ROI from the product's automation capabilities.

Jorge O'Higgins, Sr. Manager Information Security at MercadoLibre, commented, "While we had processes and products in place to assess the security of our Web applications, operating systems, and databases, none of them could help us review our SAP applications in depth. Onapsis X1 filled this gap perfectly." As a publicly-traded company, MercadoLibre has to stay compliant with SOX IT General Controls. "We knew we needed to stay current regarding modern requirements affecting our SAP environment, and Onapsis X1 was the only product that was able to help us to detect and mitigate gaps in the SAP application security layer," mentioned Mr. O'Higgins.

Sebastian Monaco, Sr. SAP security analyst at MercadoLibre, was also involved in the review and acquisition process. "SAP Security Notes are applied by our BASIS teams. However, we did not have the capabilities to efficiently understand which ones we were missing and the ones we needed to implement quickly," mentioned Mr. Monaco. "We could also not easily verify if they had actually been implemented."

Concerned with protecting the company's information, Diego Cabrera Canay, Director of Financial Planning, Analysis & Control and the business owner of the SAP platform, also evaluated Onapsis X1. "As a senior member of the company, I really needed to understand where we were standing regarding SAP application security risks," stated Mr. Cabrera Canay.

Onapsis provides innovative security solutions to protect SAP platforms from modern cyber-threats. Onapsis X1 is the industry's first comprehensive SAP-certified solution for the automated application security assessment of SAP systems. Backed by the frequent updates from the Onapsis Research Labs, Onapsis X1 detects insecure SAP ABAP and Java configurations, missing SAP Security Notes and patches, dangerous user authorizations and insecure interfaces between SAP systems. Following Onapsis X1's detailed mitigation procedures, customers can increase the security level of their platform, decrease business fraud risks and enforce current compliance requirements.

Onapsis' CEO, Mariano Nunez, met with MercadoLibre's team to discuss the Onapsis X1 user experience, "It is encouraging to see companies move towards a holistic SAP security process and utilizing Onapsis X1 to help them. It's a true validation of the product's capabilities that not only they are using it to complement SAP GRC, check for Security Notes and meet SOX compliance requirements, but also received significant ROI from the automation capabilities of X1," quoted Mr. Nunez.

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About MercadoLibre
MercadoLibre is the largest e-commerce ecosystem in Latin America. It offers a wide range of services to its sellers and buyers throughout the region including marketplace, payments, advertising and e-building solutions. MercadoLibre operates in 13 countries including Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Venezuela. More information at www.mercadolibre.com

About Onapsis
Onapsis Inc. is the leading provider of solutions to protect ERP systems from cyber-attacks. At the heart of the company, the Onapsis Research Labs is composed of world-renowned experts with a proven track-record in the ERP and SAP security fields. Through its innovative software solutions, global customers can secure SAP and Oracle business-critical platforms from espionage, sabotage and financial fraud. More information at www.onapsis.com

Contact Us:
Onapsis Inc.
101 Main Street
14th Floor
Cambridge, MA 02142
Selena Proctor
(617) 603 - 9932
[email protected]

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