With hundreds of thousands of implementations across the globe, Enterprise Resource Planning (ERP) applications are supporting the most critical business processes for the biggest organizations in the world. This report is the result of joint research performed by Digital Shadows and Onapsis, aimed to provide insights into how the threat landscape has been evolving over time for ERP applications. We have concentrated our efforts on the two most widely-adopted solutions across the large enterprise segment, SAP and Oracle E-Business Suite, focusing on the risks and threats organizations should care about.