Information Security and the Sarbanes-Oxley of 2002.
Mondaq Business Briefing › Nbr. 2005, January 2005
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Extract
Information Security and the Sarbanes-Oxley of 2002.
As published in the Privacy & Security Law Report [c] 2005 The Bureau of National Affairs, Inc. All Rights Reserved.
Introduction "The cybersecurity of large enterprises can be improved through strong management to ensure that best practices and efficient technology are being employed." - National Strategy to Secure Cyberspace, p. 54 (February 2003) In response to the accounting scandals that occurred in the early 2000s, Congress passed the Sarbanes-Oxley Act of 2002 (the "Act" or "SOX"). The law seeks to "protect investors by improving the accuracy and reliability of corporate disclosures made pursuant to the securities laws."1 In order to achieve accuracy in the reporting of information by public companies, SOX mandates that companies employ systems capable of being objectively measured, including the provision of adequate internal controls over information within those companies. Although never explicitly mentioned within SOX, many commentat...See the full content of this document
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