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ERP Security for Financial Services
How secure is ERP data in financial services
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Due to the highly sensitive nature of data management in the sector, one of the most asked questions of Oracle users in the financial services sector is, “how secure is my data?”.

study done by enlyft.com of over 20,000 companies using Oracle ERP found that almost 700 of them were in the financial services sector. 

Oracle provides comprehensive tools which enable unprecedented success for companies in the financial services sector. 

Due to the highly sensitive nature of data management in the sector, one of the most asked questions of Oracle users in the financial services sector is, “how secure is my data?”. 

This article covers areas to pay the most attention to and Oracle Database security options that are important for financial services firms.

What Security Measures Are Most Crucial for Financial Services?

Companies often collect and manage a lot of personal information from clients and sensitive company data. To protect customers and your organization, ensure that your managed service provider is taking these essential security steps:

  • Audit database users regularly
  • Use layered authentication methodology
  • Control privileges and rules closely
  • Establish strict data access control.
  • Encrypt your data.
  • Monitor database activities
  • Enable application security

How Can You Use Oracle Database Security Tools Effectively?

To enhance Oracle SQL security and reduce vulnerabilities, it’s important to stay on top of activity on your database. 

SQL has native tools that can audit and track failed logins. This option is enabled with written scripts and exported records that can be viewed in Excel, which can be a time-consuming task. 

There’s a better way to do this.

If your budget constraints aren’t too tight, you can invest in Oracle database security options such as Oracle Audit Vault or Advanced Security. 

These tools do not deliver security solutions for your entire IT environment. Oracle Audit Vault gathers audit details from remote databases but doesn’t show you a unified trail of security-related activity. If an attacker attempts to compromise other systems, it’s not as transparent. 

Advanced Security encrypts your data but doesn’t cover every aspect of cybersecurity needed to protect your network.

How Can SoftArt Solutions Help Protect Your Critical Systems?

A comprehensive security solution covers many bases. SoftArt Solutions implements security tools that detect suspicious activity and simplify your cybersecurity strategy at an affordable cost.

SoftArt Solutions consultants can optimize the Oracle environment and IT Infrastructure at your company. 

SoftArt Solutions engineers monitor your systems and keep you up to date on unauthorized access attempts. We can provide a comprehensive look at suspicious logins, changes in permissions to data or database objects another unusual activity that suggests you need to harden your data security.

Reach SoftArt Solutions today to discuss how to tighten up security for your company.

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