Page 143 - Sigmaroc Annual-Report 2023

CIO Systems & Digital Innovation Report
143
Fons Vermorken
CHIEF INFORMATION OFFICER
"I am delighted to share that the Group has concluded a robust year with no noteworthy IT incidents. We have successfully started the successful deployment of new ERP systems throughout the Nordics,
and maintained an ongoing commitment to enhancing and innovating our operations."
Fons Vermorken
Chief Information Officer
Despite the economic challenges, we have effectively navigated through a substantial pipeline of projects, closing a large transaction and ensuring the Group remains ahead in terms of systems and digital advancement. Our primary objectives continue to revolve around innovation within the Group and its internal processes, alongside maintaining the highest standards in cyber and risk management.
CYBER RISK MANAGEMENT
The security of SigmaRoc IT systems is critical, as any potential breaches can severely disrupt our operations. Inadequate management of cyber risk may lead to adverse consequences such as impacting our financial performance, endangering employee safety, exposing confidential information, harming our brands and reputation and exposing us to legal liabilities.
IMPACT ON THE GROUP
The surge in cyber threat targeting businesses has notably increased recently, partly to the emergence of new digital tools like ransomware, heightened involvement of nation- states, increased interconnectivity and a substantial rise in the profitability of cyber offenses.
SigmaRoc relies on digital capabilities for various operational processes, including industrial production, efficient operations, environmental management, health and safety, communications, transaction processing and risk management. Moreover, our extended supply chains