Recent years have witnessed the highest levels of uncertainty arising out of the global pandemic, wars, and the resulting economic impact on businesses. Organizations across industries have relied on technology adoption leading to digital transformation journeys across all levels, connecting operations into a permutation of digital possibilities.
As digital dependency increases, the chances of security breaches, threats, and risks are also on the rise. Many industries, including banking, financial services, and insurance (BFSI), have embraced digitization, allowing customers to access their services online. Hence organizations also require highly efficient threat-managing solutions to safeguard high-volume businesses and their customers. Further, cybercriminals are also exploring the possibilities of using artificial intelligence (AI) to orchestrate sophisticated social engineering attacks on companies and individuals. To safeguard businesses from the next generation of security threats, effective solutions are required that function seamlessly around the clock with minimum human intervention and are scalable.
Hyperautomation has become a necessity from an option to all. In this context, hyperautomation technologies are crucial in securing data and operations from threats while scaling the defense based on new challenges. The technologies ensure improved threat intelligence with automated solutions functioning around the clock. At the same time, organizations could leverage machine learning (ML) to keep improving to defend against evolving risks and challenges. The technologies are capable of providing real-time data for the management while requiring minimal-to-none human intervention to operate.
Hyperautomation can perform routine configuration checks and check for security breaches or loopholes in the existing systems. Businesses can leverage hyperautomation technologies to conduct multiple scans and security checks regularly throughout the day, which the human workforce cannot match. Also, the solutions can identify vulnerabilities and track any changes in the system and user behavior allowing continuous scanning and detection of security concerns and notifying the security teams about significant threats and solutions to protect the network.
Furthermore, security and compliance are priority areas in the BFSI that directly impact business and profitability. A highly adaptive security solution that can address the key challenges is vital for the company to thrive by building trust, mitigating risks, and ensuring compliance.
Most importantly, hyperautomation technologies enable organizations to implement policies and offer visibility on operations across divisions into critical aspects, including employee-related tasks, onboarding, processes, and gathering real-time data. Continuous monitoring can detect any irregularities that deviate from security policies and identify the organization’s security posture. With functions like onboarding and background checks conducted with the support of automation technologies, organizations can protect themselves from fraud, misrepresentation, and maintain trust among all stakeholders.
AI and low-code can keep improving existing processes within a short turnaround at a minimal investment compared to traditional alternatives. Fraud detection and compliance are simplified with various technologies functioning together with the digital workforce taking over mundane and repetitive tasks. Processes that were time-consuming and require extensive human resources are simplified with connected technologies to deliver results in quick turnaround times.
As hyperautomation technologies connect previously unrelated divisions and functions within an organization, management benefits from the highest level of transparency, enabling them to make decisions that safeguard business interests from risks and fraud.
A few possible hyperautomation security systems are,
- AI reviews emails with NLP to identify phishing emails
- ML solutions identify potential suspicious log-in
- Process behavior analysis using AI
- File-based malware detection
- Conduct forensic investigation by investigating the events
Cyberattacks are getting more common and advanced with the latest technologies. It is a mandate for every IT team to put focus on architecture with respect to security threats to stay on top of the advanced never-ending threats. While there are multiple standalone solutions, hyperautomation technologies combine the collective synergies seamlessly to offer a highly evolved solution to ensure resilience, business continuity, and transparency.
Deenadayallan Sellamuthu is the Lead Business Consultant at global hyperautomation services company Vuram. His area of expertise includes business process consulting, business analysis, and hyperautomation. Deena has over a decade of experience in technologies like Appian, Pega, IBM BPM & Outsystems as a business consultant and project manager. He heads the consulting business unit at Vuram, where his team specializes in process analysis, BPM/RPA tool fitment analysis, and hyperautomation fitment analysis.