Compliance & Regulation
The financial reporting scandals of the early 2000s prompted the creation of the Sarbanes-Oxley Act (SOX), setting new standards for accountability, including cybersecurity mandates, for publicly traded companies in the U.S. and international companies with American business interests.
The Sarbanes-Oxley Act (SOX) established rigorous requirements for publicly traded companies to implement internal auditing controls and procedures for financial reporting. IPS can assist your organization in establishing these essential controls and ensuring compliance with reporting requirements.
Background
Enacted on July 30, 2002, SOX was a response to high-profile corporate scandals, including Enron, Worldcom, and Tyco International.
Cybersecurity Guidance
The U.S. Securities and Exchange Commission has recently released new guidance to help public companies prepare disclosures regarding cybersecurity risks and incidents.
IT Provisions
Although the law does not specify IT requirements, it mandates that independent auditors verify management's assessment of internal controls, including security systems.
Severe Penalties
CEOs and CFOs who intentionally submit false certifications may face up to 20 years in prison and fines of up to $5 million.
Tailored Solutions for Your Organization
At IPS, our compliance and risk assessments encompass a comprehensive evaluation of your policies, procedures, and practices. We conduct thorough documentation reviews, interviews, facility inspections, control assessments, and an examination of your current security architecture to ensure robust compliance with regulatory standards.
Security Portfolio That Enables Compliance
A mature security posture naturally fosters compliance with SOX. IPS offers a comprehensive suite of security products and managed services designed to safeguard your critical assets and counter advanced threats effectively.
Extensive and Experienced Support
Our dedicated team of compliance support analysts is available 24/7, 365 days a year, ready to assist financial institutions that are frequent targets of cyberattacks and often face heightened operational challenges.
Supported by Industry-Leading Threat Intelligence
Leverage our elite SpiderLabs team and our global network of security operations centers. Our advanced threat intelligence enables us to proactively prevent, monitor, and respond to security events, ensuring your organization remains resilient against emerging threats.
