The way we work changed radically in 2020, with the pandemic of COVID-19 spreading like wildfire. Work from home is now an integral part of our lives. This new reality requires organizations to have stable and efficient remote access to essential apps and resources for work. As part of that, Oracle PeopleSoft apps that are commonly used are having a relook. As they contain highly sensitive data, business-critical systems for controlling employee lifecycles, monitoring buying orders, or performing other functions come with inherent risk. It remains a major challenge for organizations to obtain such applications to ensure access is allowed for only the right people. Organizations using legacy identity and access management (IAM) systems such as PeopleSoft ERP have recently grappled with an increasing number of hacking and phishing problems.
With most of the workers now working from home, the ways in which PeopleSoft is accessed are evolving, and the ways in which it is secured must also be updated to meet the changing demands. Companies are trying to find out how best to fix this crucial issue, with budget restrictions and a limited number of IAM providers dealing with urgent remote access and enhanced security requirements.
New Realities Spur Unique Demands
A strategic step towards improving the user experience is to make transactions mobile-friendly in PeopleSoft applications. Online access to self-service modules such as benefits registration, time entry, approvals, and self-service for students is also encouraged by organizations so that users can complete tasks both on their own time and on their own devices. Despite the benefits of mobilizing and facilitating remote access, the safety implications of PeopleSoft remain crucial. Expanding access to confidential data outside the protected perimeter of the corporate network raises the likelihood of threats and additional breaches that will succeed in their goal. While hackers are increasingly targeting individual users and devices to their advantage using the human-error factor, the increase in user-centered threats is also contributing to the risk.
The Security Implications
Eighty-one percent of cyberattacks have included stolen credentials, a recent study revealed. It is important to consider a security platform that assists PeopleSoft customers in taking a consistent approach to security. This skill helps businesses mitigate the risk of unauthorized entry.
As companies expand access to apps outside their firewall, login credential hackers focus on ease of access and target users. Offering a single layer of authentication is grossly insufficient in today’s data security environment.
With most customers of PeopleSoft ERP recently reporting a hack, it has become clear that identity authentication and access control are significant challenges. To defend these systems from the various internal and external threats that seek to bypass them, organizations need to greatly strengthen their Identity and Access Management controls. With PeopleSoft, an efficient solution can easily incorporate existing multi-factor authentication (MFA) solutions, thus enabling contextual compliance. MFA’s context-aware implementation balances PeopleSoft security with risk and provides an additional layer of authentication.
The implementation of multi-factor authentication for PeopleSoft is suggested. However, integrating security solutions for PeopleSoft and MFA is not easy. In the absence of integration and compliance tasks, deployment rules are overly restrictive and cause user pushback. To better balance the implementation of multi-factor authentication with some degree of access risk, integration is advised.
Conclusion Your investment in an ERP program provides substantial ROI over its lifetime. The perfect ways to ensure that your users remain effective are to extend remote access and enable mobile transactions. There are businesses that help organizations secure their ERP data by providing a robust suite of access controls and fine-grained security features. It can be overwhelming to have an extended threat surface, but you can face those challenges head-on with the correct approach.