This document discusses securing financial services applications. It notes that 48% of fraud is caused by insiders and 86% of hacking involves compromised credentials. The challenges include fragmented authorization, brittle access controls, and hardcoded security. It proposes an entitlements management approach using an identity platform to define entitlement catalogs, enforce dynamic authorization policies, audit access and risks, and secure application data through techniques like encryption and masking. Using a platform can reduce costs compared to point solutions and help simplify application security.

1. <Insert Picture Here>
Better Way to Secure Financial Services Applications
Amit Jasuja
Group Vice President, Identity Management, Oracle

2. This document is for informational purposes. It is not a commitment
to deliver any material, code, or functionality, and should not be relied
upon in making purchasing decisions. The development, release,
and timing of any features or functionality described in this document
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3. Agenda
• The Oracle Lens
• Application Security Value Chain
• A Platform Approach

4. Financial Service Applications Risks
48% 86%
Fraud Caused By Of hacking involves
Insiders compromised
credentials
 Unauthorized Trading  No Policy Visibility  Hardcoded Security
 Internal Fraud  Complex Certification  No Role Structure
 Limited Forensics  Costly Compliance  Brittle Access Control
2010 Data Breach Investigations Report

5. Entitlements And Policies
The Rights to Application Data & Transactions
IT VIEW: CAN A TRADER
Entitlement
SUBMIT A TRADE OF A
CERTAIN SIZE AT A SPECIFC
TIME OF DAY
BUSINESS VIEW: WHAT IS
THE AUDIT OBJECTIVE AND
Transaction Data Forms THE ASSOCIATED RISK
Authorization Policy

6. Application Security is Fragmented
Multiple Brittle Hardcoded
Entitlement Catalogs Access Control Authorization
Inflexible authorization increases complexity, reduces agility

7. The Challenge is Scale
 Focused on Reducing Risk
• A Few App Administrators
 Driven to Reduce Cost
 Rolling or Monthly Attestation • Handful of Audit Staff

8. What is Entitlements Management?
Application Security Value Chain
Define Access Enforce
Audit Monitor
Audit Secure
Catalog Request Monitor
Certify Certify
Enforce Data
 Entitlements  Search  Context  Risk  Encrypt
 Policies  Provision  External Az  Remediation  Mask

9. Define & Catalog
Enterprise Roles
• Common Data Model
• Catalog Entitlements
Entitlements,
Roles & Policies • Enrich Meta-data
• Define Roles &SoD

10. Enforce and Monitor
Context and Dynamic Authorization
Audit & Risk Custom COTS Application Owners
Apps Apps
Developers
Application Security
Platform
Location Time
Device

11. Audit & Certify
Entitlement • Active Conflict Analysis
Report SOD
Checking
• Simulation
Entitlement
• Risk Aggregation
Auto- Review
Remediate Aggregate
Risk Score
• 360 Degree Visibility
• Closed Loop
Reduce Remediation Time to
Minutes Instead of Days or Weeks

12. Secure Application Data
At The Application In The Database
 Authorize  Mask
 Externalize  Encrypt
 Centralize  Audit

13. Comprehensive Database Security
Control Encrypt Data Audit User Monitor SQL
Privileged Activity
Users Mask Test Block Attacks
Data Compliance
Cloud Enforce SoD Reports
Non-Oracle
Databases
Database Firewall
Auditing
Oracle
Databases Encryption & Masking
Authorization
Authentication
Defense in Depth

14. The Identity Platform
Complete, Innovative and Integrated
Identity
Governance
•User Lifecycle •Risk Analytics
• Access Provisioning • Access Certification
• Delegated Admin • Role Management
Access
Access Directory
•Fraud Detection •Location Data
• Single-Sign On • Centralized Auth
• Mobile, Social Intg • Device & User Data

15. Platform Reduces Cost vs. Point Solutions
Oracle IAM Suite
Benefits
Advantage
• Emergency Access • 11% faster
48%
Increased End-
Cost Savings User Productivity
• End-user Self Service • 30% faster
Reduced Risk • Suspend/revoke/de-provision
• 46% faster
46%
end user access
More
Responsive Enhanced Agility • Integrate a new app faster
with the IAM infrastructure • 64% faster
• Integrate a new end user role • 73% faster
35% Fewer Audit
Deficiencies Enhanced Security
and Compliance
faster into the solution
• Reduces unauthorized access • 14% fewer
• Reduces audit deficiencies • 35% fewer
Reduced Total Cost • Reduces total cost of IAM
• 48% lower
initiatives
Source: Aberdeen “Analyzing point solutions vs. platform” 2011

16. Take a Security Inside Out Approach
• Reduce the risk
• Reduce the cost of application security
• Secure access to the “crown jewels”
• Simplify administration

17. We Can Help Develop a Strategy
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