By Troy Kitch on Jun 13, 2013
Rabobank was faced with two major challenges: addressing international compliance requirements and protecting sensitive data from privileged database users. In this podcast, Niels Zegveld, manager of database administration, tackled these challenges using Oracle Database Vault, without impacting system performance or applications.
Niels manages the database team that supports the investment banking business. The team runs Oracle Database 11g and Oracle Enterprise Manager to manage the maintenance of their databases. They have a mix of applications including Oracle FLEXCUBE and custom-built solutions.
Addressing Regulatory Requirements and Demonstrating Separation of Duties
Being an international bank, Rabobank must comply with mulitple regulations and regulatory bodies, including the Dutch National Bank and the FSA. As part of these regulations, Rabobank had to demonstrate that employees, or applications, that have access to sensitive data are the only ones that are authorized to have access.
The requirements of separtion of duties and securing sensitive financial data were originally handed over to the security department. Their first instinct was to look at solutions that were outside of the database, however, none of the solutions were able to cover the requirements. This lead the security team to begin discussions with the database team to find out what suggestions they could offer. Niels' team was able to come up with a solution that would support all requirements and be easy to manage.
Oracle Database Vault
Working with Oracle security experts and Oracle Database Vault, Rabobank is addressing best practices of separtion of duties and least privilege while protecting sensitive data from privileged users. Niels is happy to say they have passed their audits and found that performance tests show neglible impact to their systems and users.
According to Hoovers, Rabobank Group was founded as a cooperative of Dutch agricultural banks in 1898, the company has some 140 member banks that have about 875 branches in the Netherlands and dozens of subsidiaries around the world that focus on the food, agribusiness, and financial industries. The cooperative's wholesale and international retail banking arm, Rabobank International, has offices in some 30 countries.