WebLogic Security provides a comprehensive security architecture for applications hosted on WebLogic Server. It includes features such as authentication, authorization, auditing, and supports standards like SAML, JAAS, and JSSE. WebLogic Security aims to balance ease of use through default security configurations with customizability so security can be tailored to specific application needs through custom security providers. It also integrates with Oracle Platform Security Services (OPSS) to provide enterprise-grade security.