Businesses are developing at an incredible pace; new technologies and advancements are forcing organizations to become more and more adaptable. One such evolvement has been the Oracle NetSuite.
NetSuite is a platform designed to enhance business management while lowering operational costs. This cloud-based business software provides accounting, enterprise resource planning, CRM, and eCommerce solutions for businesses. However, it is crucial to realize that NetSuite is unlike ordinary spreadsheet software. It is a unique platform that supports multiple applications and offers customizable dashboards.
An exciting feature of NetSuite is its virtually endless capability to store almost unlimited data. It can keep anything from sales, customer data, numbers, and inventory, to company finances and HR documents. However, with every new digital solution, security and privacy become a rising concern for the user. Luckily, NetSuite provides extra layers of security and encryption to protect data. Below, we will discuss how NetSuite ensures data security for users and organizations.
1. Encryption
Encryption is highly essential for data security. It is cheap to implement, saves you from regularity fines, and increases the integrity of your data. Moreover, encryption works relatively faster, increases customer trust, and protects remote workers.
NetSuite encrypts your data and ensures it is safe and unreadable for any individual without the decryption key. Hence, you can send sensitive and confidential data to anyone without worrying about interceptions and hacks. Interestingly, even if a hacker tries to steal the data while it’s in transit between computers, encryption will render it unreadable. However, purchase your license from a reliable NetSuite reseller to obtain adequate encryption features. Unfortunately, many fake sellers and scammers are trying to sell dupe software. Hence, you must be extra careful to steer clear and only purchase the authentic version of NetSuite.
2. Role-based access control
The role-based access feature allows access to sensitive information only to privileged users. Through the RBAS feature, you can grant specific users access to edit and control detailed data. Role-based entry relates directly to your professional responsibilities and ensures the data provided to users is compliant. If you are habitual of leaving your computer unattended and forget to log out, you need not worry. NetSuite automatically locks your accounts after it has been still for a few minutes.
Role-based access is an excellent feature for increasing operational efficiency, enhancing compliance, and giving administrators increased visibility. It considerably decreases the risk of breaches and data leakage and reduces the costs of user provisioning. Moreover, employee productivity increases, audit results improve, and reporting capabilities enhance.
3. Password policies
The days of keeping your name as your password are gone! Instead, NetSuite goes the extra mile to ensure you choose a strong, unguessable password. It has strict password policies and prohibits users from using their previous passwords. In addition, NetSuite pushes users to be creative in their password selection and restricts them to a minimum length.
NetSuite also requires users to update their passwords after short intervals. Each password must contain at least one number, letter, and unique character. Remembering your password is a must with NetSuite since it locks out users after a few unsuccessful attempts.
Finally, NetSuite also supports multi-factor authentication. It provides more layers of security, ensures consumer identity, and meets regulatory compliance.
4. IP address restrictions
An IP address refers to the identity designated for each device using the internet. NetSuite allows you to limit the access of devices and networks to a few IP addresses. It helps prevent logins from unauthorized locations and devices and is easy to configure. Moreover, IP-based restrictions are an excellent feature to support remote workers. Workers and other individuals using devices without access will be unable to view or control sensitive, confidential data.
Some IP-based control systems use standard hardware, which makes installations simpler and quicker. Additionally, IP-based access control organizes and secures massive data for tracking, planning, and other processes.
5. Intrusion detection system
An intrusion detection system is a program used to monitor suspicious activities and generate alerts. NetSuite has multiple intrusion detection systems in place to keep your data secure. The cloud-based platform ensures regular checks by constantly running third-party scan penetration tests. NetSuite’s intrusion detection system is a phenomenal resource to keep unwanted guests away from your applications and data.
Intrusion detection systems look at data in the context of the protocol. It performs protocol analysis and ensures efficient functionality. An intrusion detection system can qualify and quantify attacks, makes it easier to keep up with regulations, and boost efficiency.
Wrapping up
Security is undoubtedly a rising concern amongst several companies. Given the rate of digitization, an increasing number of businesses fear data loss and theft because of inadequate privacy policies. NetSuite, however, caters to the issue and offers unique security solutions for your business.
NetSuite is a technology that goes well beyond imagination. It not only provides robust security and privacy of data, but it also considerably raises your business’s visibility. Moreover, NetSuite allows you to integrate your third-party systems easily, offers flexible pricing packages, and centralizes your core business processes.
NetSuite is the perfect upgrade to improve the scalability of your organization and automate everything for ease of mind.
