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What You Need to Know About SOX Compliance

by Waqas

SOX refers to the Sarbanes-Oxley Act, a US law that lays out requirements to ensure the integrity of source data pertaining to financial transactions and disclosures. Introduced in response to the financial scandals of the early 2000s, it aims to help shield investors from fraudulent or misleading financial reports.

So what is this topic doing on a site about cyber threats and security? Here’s the deal, SOX has provisions that are designed to improve data security. Sections 302 and 404, in particular, layout crucial guidelines for data safeguarding, safeguards testing, security breach detection, and proper threat and incident disclosure.

Section 404, which is about the management assessment of internal controls, is said to be the most complicated and expensive SOX provision to implement. It prescribes technical controls and a continuous audit on access protocols to make sure that data reliability is maintained.

While some regard SOX compliance ...

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