Yvette Cameron, SVP of global product strategy of Oracle Cloud HCM shares her article for to Tech and Innovations":
Peter Drucker once said:
“The best way to predict the future is to create it.”
As HR systems have
evolved, organizations have collected and uploaded nearly everything there is
to know about each of their employees. From compensation, home addresses, and
bank account information to national identification numbers, disability status,
and performance data—organizations host a substantial amount of high-risk data on their
workforce.
This data is highly
valuable for organizations and employees, but it is also a huge draw to
cybercriminals and other malicious actors—even from within the
organization. And those bad actors are trying their best to access it. Over
the course of 2020, there were more than 5,200 known incidents of lost
or stolen data, privilege misuse and systems intrusions against organizations,
many of which originated from people with legitimate credentials within the
organization.
That is why I am excited
to announce Oracle Advanced HCM Controls, part of Oracle
Fusion Cloud Human Capital Management (HCM), an artificial
intelligence (AI)-powered monitoring solution that automates security analysis
to protect against fraud and help ensure that only the people who need to use
sensitive data have access to it. With Oracle Advanced HCM Controls, HR leaders
have better visibility into potential fraud or compliance issues within their
systems and can review and block suspicious activity as it occurs.
The new updates include
AI-powered anomaly detection and alerts to help HR leaders and security teams
monitor and respond to potential threats, including suspicious employee
activity, phishing attacks, bot activity or data breaches targeting HR data and
processes. The new updates monitor and detect activity based on:
·
Time and Frequency: Instant alerts about
suspicious activity are now sent based on when and how often sensitive HR
records are being accessed. This enables HR teams to quickly detect abnormal
activity in the system, such as an employee accessing data over the weekend to
signal that an account may be compromised or individuals are acting in bad
faith. In addition, HR teams will be immediately alerted if large amounts of
data are being accessed in a short period of time. For example, clicking
through data faster than a human can read may be a sign of fraudulent activity,
such as a bot being used to collect HR data.
·
Location: Instant alerts about
suspicious activity are now sent based on where sensitive HR records are being
accessed from. For example, if an account is logged in from two geographically
distant locations at once or if the system shows that a user is logged in from
a country they have never visited, it will automatically trigger an alert to
address it.
·
Role and Responsibility: Instant alerts about
suspicious activity are now sent based on who is accessing the data. For
example, if someone is transferred to a different department, they may still
have previous privileges to access sensitive data that they no longer need in
their new role. In addition, it will also immediately alert HR teams about suspicious
activity based on the level of the role, such as if a senior executive is
accessing data typically used by more junior employees.
In addition to helping HR
leaders quickly identify and respond to potential security threats as soon as
they occur, the new capabilities also automate compliance reporting to help
security teams focus on assessing and responding to immediate risks. And what’s more, because the new
capabilities are embedded in Oracle Cloud HCM and powered by machine learning,
they continuously develop a better understanding of normal and abnormal
behavior over time.
HR teams are entrusted
with extraordinary amounts of sensitive data, often needing to store and
protect personally identifiable information for thousands of employees. As
access and use of data has become more automated over time, so too has the need
for teams to automate the way that they secure that data.
In order to help our
customers stay one step ahead of malicious actors and stop suspicious activity
whenever, wherever and whoever it comes from, we are committed to providing our
customers tools like Oracle Advanced HCM Controls that give them the visibility
and automation they need to safeguard their data, their employees, and their
organization.
Learn more about Oracle
Advanced HCM Controls here.
No comments:
Post a Comment