Historically, information technology (IT) and security teams have been responsible for developing strategies to mitigate cyber risk; now business mentalities are shifting to acknowledge that cybersecurity is a shared responsibility across an entire organization. Human resource (HR) leaders face their own challenges to successfully secure not only employee data, but also control who can act on that data within HR systems. The integrity and security of data is an increasingly important priority as users are empowered with more and more access and autonomy to leverage strategic data and complete back-office transactions as a part of their daily roles.
As a direct consequence, HR leaders must now begin to address questions like how can we ensure that the employees have the right system access to perform their primary job responsibilities? How can we validate that our employees cannot access data or initiate transactions that threaten data confidentiality or expose our organization to fraud, legal or financial risks?
One company helping organizations answer these risk management questions is Oracle. Oracle’s HCM Advanced Controls offering provides HR leaders the tools to proactively minimize and manage security risks within human resources.
A few key benefits offered from Oracle’s HCM Advanced Controls solution include:
1. Institutionalize security and embed it into HR processes
2. Separation of duties (SOD)
3. Access certifications
HCM Advanced Controls offers an opportunity to revisit how your organization monitors employee access in an effort to eliminate potential security risks and optimize data integrity. It’s beneficial to begin thinking beyond standard security design and consider the role that HCM Advanced Controls could play to help mitigate potential security risks across your organization today.
For more information on this topic or to learn how Baker Tilly can help, contact our team.