Sarbanes-Oxley Act (SOX): Ensuring Corporate Accountability

The Sarbanes-Oxley Act (SOX) was enacted in response to financial scandals in the early 2000s to increase transparency and accountability for publicly traded companies, including aspects of cybersecurity.

Strengthening Internal Controls

  • SOX introduced rigorous requirements for companies to maintain internal auditing controls and robust procedures for financial reporting. Digisecuritas provides the expertise and solutions to implement these controls and meet SOX compliance demands.
  • SOX: Key Facts and Penalties
    • Enacted on July 30, 2002, following corporate scandals involving Enron, Worldcom, and Tyco International.
    • While SOX doesn’t specify IT controls, it requires independent auditors to validate management’s assessment of internal controls, including security systems.
    • The U.S. Securities and Exchange Commission (SEC) has issued updated guidance on disclosing cybersecurity risks and incidents.
    • CEOs and CFOs found to have falsely certified financial reports face penalties of up to 20 years in prison and $5 million in fines.

End-to-End Coverage.

Tailored Compliance Solutions

Digisecuritas’s risk assessments include reviewing policies, procedures, and security practices through thorough documentation analysis, interviews, and control assessments to ensure you meet SOX requirements.

Comprehensive Support

Our experienced compliance analysts are available 24/7, helping financial institutions manage heavy security and compliance burdens.

Advanced Security Solutions and Threat Intelligence

With a strong security infrastructure, SOX compliance becomes a natural result. Digisecuritas’s managed services and security products, backed by industry-leading Digisecuritas threat intelligence, help protect critical assets and address sophisticated threats.

Hackers Never Sleep. Neither Do We.



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