SAP Transactions: Strengthening Access Controls to Prevent Business Risks

    SAP transactions can be a safe haven for fraud, theft, and mistake. Unfortunately, the gaps in SAP’s controls often result in suspicious behavior going undetected. The existing method of using manual controls and conducting periodic audits uncovers risk only in retrospect. Organizations need dynamic controls and real-time visibility to restrict the financial effect of risk. On average, 5 percent of a company’s annual income is lost to insiders conducting unauthorized activities.

    Organizations are switching to technologies that offer fine-grained, data-centric control, and deliver actionable insights into user activity. With a multitude of transactions being executed in real-time, it is essential to concentrate the risk management techniques on data instead of static roles and permissions. 

    SAP: Static Security Policies

    The static, role-based access controls of SAP can pose constraints that cause a compromise between business policies and security. Unable to comprehensively manage risk with static controls, business owners forego preferred access policies or are forced to rely on manual risk reduction processes.

    Uncapped Financial Fields

    Although it can be harmless to edit or modify specific low-risk data fields, repetitive changes can jeopardize a financial transaction’s integrity. The native application controls of SAP do not allow organizations to restrict or block access based on the transaction’s monetary value. This results in a dramatic rise in business risk. There is no way to control or track what adjustments are made to different fields once access to a transaction is granted. 

    Manual Controls of Business Risks

    To manage business risks, companies are excessively dependent on manual controls. When you are unable to resolve danger with automatic controls, any possible violations must be manually collected, checked, and handled by someone. This method is sluggish, diverts time from routine duties, and can result in missed violations.

    Time-Consuming Audits

    Identifying business risks generally relies on manual and time-consuming audits and reports. As an audit can take several weeks or even months to complete, malicious activity can go undetected during review periods. Besides, the enormous amount of manual work involved will restrict a review’s reach, potentially allowing risk to remain concealed. 

    Approaches to Managing Security Risks

    The right kind of data security and analytics solution can help SAP customers gain greater control and visibility over the most risk-prone sensitive data. Organizations can proactively tackle the threats that are often found only in retrospect by using fine-grained, attribute-based controls, along with granular data access & use analytics. Thus, they can prevent real-time financial losses from occurring.

    Eliminating Audits for Manual Risk Control

    Real-Time Analytics can help companies in search of illegal behavior to remove much of the time-consuming task of auditing business processes. Audit teams can display transaction information using the analytics dashboard to detect suspicious behavior and start the remediation processes immediately easily. Thus, teams can actively spend more time avoiding risks rather than attempting to uncover them manually via audit. 

    Applying Rate-Limiting Controls

    By applying rate-limiting controls, companies can restrict the financial risk of individual transactions. Such a capability can allow you to cap a transaction’s monetary value, set limits on how many times a field can be adjusted, or set restrictions on field-value adjustments for percent variance. 

    Data-Centric Policies: A Must

    The ideal security solution should allow you to limit access to confidential data and transactions if the context appears suspicious. For instance, such a context could be user attributes, data attributes, type of activity, IP address, location of the user, time of day, amount of money transacted, number of transactions, patterns in user activity, and duty segregation.

    Real-Time Analytics: A Boon

    Actionable insights from a reliable data security and analytics solution can help you detect malicious behavior and make decisions in real-time. Thus, you can track, calculate, and control business risks.

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