On 15 September 2011, UBS announced it had lost $2 billion due to an unauthorized tradeperformed by an unauthorized trader. With this loss, UBS has joined an infamous group of financialinstitutions that have suffered due to unauthorized trades performed by unauthorized traders.Between UBS, SociétéGénérale, and Barings Bank, authorization failures cost more than $9 billion.Authorization poses challenges to every enterprise, not just those in the financial sector. The natureof these challenges has evolved. The problems of authorization are complex and only becomingmore so. Authorization is complex in a general sense, but more specifically, reconcilingadministrative and runtime authorization information is complicated. This complexity increases thenumber of people and time needed to figure out why a person could perform an action in a system.This rising tide of complexity does not bode well for enterprises.
Add stories for Marc from various industries / segmentsFin Services – will be covered by BarclaysContent providers Federal AgenciesHealthcare / Consent Management
History / maturity of productGive examples of these different things
Use Oracle examples to illustrate – Fusion Apps, Public Cloud, SaaS, Fusion Middleware, WebCenter
Talking point: strategic for our own solutions and highlight heterogeneous message – not only Oracle
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<Insert Picture Here>External Authorization Round Table DiscussionVijay Chauhan, Head of Access Management ,BarclaysMarc Boroditsky, VP Product Management, OracleRoger Wigenstam, Sr. Director Product Management, Oracle