How is 'Segregation of Duties' (SoD) defined in Saviynt?

The definition of 'Segregation of Duties' (SoD) in Saviynt refers to a control mechanism that is essential in managing compliance and risk within an organization. Specifically, SoD ensures that critical tasks and processes are divided among multiple users to minimize the risk of conflict of interest and fraud. By having separate individuals responsible for different stages of a process—such as approving transactions, executing them, and auditing them—organizations can create a system of checks and balances that helps prevent unethical behavior.

This concept is crucial in environments where sensitive financial transactions or data access occurs, as it mitigates the risk of one individual having unchecked control over significant processes. SoD is often a foundation of internal control frameworks and is necessary for compliance with regulatory standards in various industries.

In contrast, the other options do not accurately describe SoD in Saviynt. Data classification policies, user reporting systems, and data encryption methods serve different purposes and do not align with the core concept of ensuring distinct roles and responsibilities to prevent conflicts of interest. Thus, the definition emphasizing SoD as a control mechanism to prevent conflicts of interest is the most accurate representation of its role within Saviynt.