Comprehensive Data Security for Peoplesoft and SAP Application

  As per a recent estimate, the global average cost of a data breach exceeds $3.5 million. It is, therefore, essential to protect sensitive business information. In addition, data protection is now everyone's responsibility across the entire organization with more stringent laws and governance standards. Besides, the instances of data breaches are increasing rapidly. That being said, to proactively protect their data, avoid the expense of security breaches, and ensure enforcement, a growing number of organizations rely on data masking. Defining Data Masking Data masking is a method businesses use to conceal data, as is evident from the name itself. Real data is usually obscured by random characters or other data. The primary function of masking data is to shield confidential, private information. Various types of data can be shielded using masking, but the following are widely used in the business world: · PHI or Protected health information · PII or Personally identifiable inform

  In today’s digital era, data privacy and security are of paramount importance. Many data privacy laws have been enacted worldwide. With a significant percentage of employees working from home, data security has become even more critical in the current scenario. ERP systems , being a treasure trove of data, especially need to be protected. Worldwide, companies use legacy ERP systems such as SAP and PeopleSoft to handle the full spectrum of their everyday operations across business verticals. At the same time, data breach instances have risen in recent years. Well-known companies have been fined millions of dollars for data breach incidents. Let’s get a comprehensive overview of the best practices that organizations should take to help secure PeopleSoft applications from data breaches in this context. Some of PeopleTools’ new security features will help users protect PeopleSoft, both internal and external, from threats to their systems and data. Crisis Planning It’s essential to have t

  The cybersecurity landscape is rapidly changing. In the present COVID-19 pandemic scenario, most of the organizations worldwide are forced to allow employees to work from home. Also, there has been a significant upsurge in instances of hacking, which are at an all-time high. Given such circumstances, it is essential that the crucial role of multi-factor authentication (MFA) security solutions for organizations is reexamined. When most organizations first adopted MFA technology, the technology landscape was entirely different. Only one or two prominent technology vendors were there, and they sold costly hardware-based solutions that were difficult to use. We have hundreds of suppliers today that sell flexible and user-friendly MFA security solutions that run as mobile apps and also in many other convenient formats. The Changing Technology Landscape Many companies are still deploying implementations of MFA security solutions designed around the limitations of previous years, rather tha

  With the COVID-19 pandemic spreading across the globe, remote work has become an essential need for organizations during these uncertain and particularly challenging times. With a large percentage of organizations' workforce working remotely, valid concerns, relating mostly to data security and access management have cropped up among senior executives and data administrators. Remote Work: A Necessity Prior to COVID-19, the objectives of allowing remote access were a desire for efficiency and flexibility. For years, remote access has been of considerable value to forward-thinking organizations. Post COVID-19, companies are in 'survival mode' and have no choice but to open up access and hope for the best for their most critical financial transactions and confidential data. In a remote work setting, the chances of conducting transactions that result in financial losses are immense, and such a situation requires a robust data security policy and relevant data security solutio

  Putting on hold major IT projects (such as a cloud ERP migration) during these uncertain times indeed makes sense. Such projects might seem non-essential at this point in time, but what is 'essential' is often more a question of opinion than real importance. A perfect example of this is the protection of ERP data. As COVID-19 struck, several companies started scoping for enterprise security solutions such as a VPN that allows remote access. But only in the context of establishing a point of authentication-not securing data. When do you consider the large quantities of data exposure that have arisen as a significant risk vector? This actually is a direct outcome of remote access. At this point, ERP data security becomes essential.  Data Security: Essential But Ignored ERP data security frequently gets tossed into the "non-essential" project pile, with businesses perceiving it as an afterthought. Such thinking would expose your data to hacking, fraud, and other types

There has been quite an upsurge in instances of phishing attacks during the past few months. Cybercriminals, exploiting people's COVID-19 fears, are engaging in phishing and social engineering aimed at stealing user credentials to business applications and VPNs.    Ultimately, the credentials used for authentication are the network perimeter of an organization. This puts companies in a challenging position - they can limit employee access to these programs and risk negative impacts on efficiency and business continuity, or they can hope that nothing terrible happens. Many prefer the latter, and worldwide, the consequences are being felt. Social engineering essentially depends on harnessing powerful emotions to manipulate people into taking actions that can harm them. Cybercriminals depend on emotional reactions; emotionally charged material (e.g., fake layoff notification email with a malware attachment) is more likely to lead to a successful assault. The problem is not the people.