The dramatic rise in the number and sophistication of cyberattacks in recent years has led many organizations to prioritize data security and privacy in an age of tightening data-governance regulation. In fact, cyber incidents topped the list of risks to businesses worldwide in the 2020 Allianz Risk Barometer-a dramatic rise from 15th place, where it sat just seven years ago.

But according to Aman Desouza, product strategy director at Oracle, these organizations may not be as prepared to defend themselves as they think. In a new Oracle video presentation, How to Reduce Risk and Improve Governance in Cloud Applications, he and product manager Dane Roberts argue that without artificial intelligence (AI) and sophisticated automation powered by cloud technology, vulnerabilities in finance, HR and supply chain software can lurk undetected until exploited by malicious players.