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:
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.