SAP discloses security lapses; says there was no data breach

Midwest Communication

Douglas Busvine and Nadine Schimroszik

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.

While SAP, Europe's most richly valued technology company, declined to elaborate on a statement it issued overnight, the news follows...

Get the Morning Update

Thanks for subscribing!