The Sarbanes-Oxley Act of 2002 (SOX) mandated, at that time, a number of new standards for the financial reporting of all public companies and accounting firms. This includes a comprehensive annual report on how financial data is being managed throughout the organization, as well as an independent audit of the organization’s controls over this data. In a nutshell, this means rigorous network security measures are required to protect financial data in compliance with SOX.
It’s a broad Act and many consider it open to interpretation, which means the specifics of compliance can be difficult to gauge. However, the standards are still strictly enforced, and organizations deemed not in compliance can face heavy fines or even jail time for their C-level executives. Such an important issue should not be left to chance. The best way to ensure SOX compliance is through Digital Hands Managed Security Services. They include…
- Risk Assessment. A comprehensive assessment uncovers gaps in protection and other vulnerabilities in the system, in order to determine how well protected it is and what safeguards are needed for compliance.
- Data Loss Prevention. The system is closely monitored to keep sensitive financial information safe and prevent it from leaving the network without specific authorization.
- Intrusion Detection and Prevention. Two systems work in tandem to alert network security personnel to any unauthorized attempts to penetrate the network, and stop these attempts in their tracks before the organization’s financial data can be attacked.
- SSL Certificates. This ensures secure transmission of sensitive financial data only between trusted web servers and browsers.
These are just a few of the measures that Digital Hands takes to ensure rigorous compliance with all SOX standards and keep sensitive financial information safe from attack.