SOX IT Solutions

What You Need to Know About SOX IT Solutions

The Sarbanes-Oxley Act (SOX) requires that all publicly held companies must establish internal controls and procedures for financial reporting to reduce the possibility of corporate fraud. Your entire IT infrastructure—from server and network security to IT practices and operations—must be reinforced and configured to maintain and demonstrate compliance in the event of an audit.

Not complying with this regulation can be disadvantageous for your organization. Even if you are not a publicly traded company, if one of your customers is, you will be part of the audit. This is why having SOX IT solutions are so important for most companies.

Sample of SOX Requirements in Our Solution

(AI2.3): Application Control
and Auditability
(AI2.3): Infrastructure Resources Protection and Availability
(AI2.3): Infrastructure Maintenance
(DS4.5): Testing of the IT Continuity Plan

Implement business controls, where appropriate, into automated application controls such that processing is accurate, complete, timely, authorized and auditable.

Implement internal control, security and auditability measures during configuration, integration and maintenance of hardware and infrastructural software to protect resources and ensure availability and integrity.

Develop a strategy and plan for infrastructure maintenance, and ensure that changes are controlled in line with the organization's change management procedure.

Test the IT continuity plan on a regular basis to ensure that IT systems can be effectively recovered, shortcomings are addressed and the plan remains relevant.

(DS4.8): IT Services Recovery and Resumption
(DS5.3): Identity Management
(DS5.5): Security Testing, Surveillance and Monitoring
(DS5.11): Exchange of Sensitive Data

Plan the actions to be taken for the period when IT is recovering and resuming services. This may include activation of backup sites, initiation of alternative processing, customer and stakeholder communication, and resumption procedures.

Ensure that all users (internal, external and temporary) and their activity on IT systems (business application, IT environment, system operations, development and maintenance) are uniquely identifiable.

Test and monitor the IT security implementation in a proactive way. IT security should be re-accredited in a timely manner to ensure that the approved enterprise's information security baseline is maintained.

Exchange Information only over trusted paths or mediums with controls to provide authentication of content, proof of submission, proof of receipt and non-repudiation of origin.

What's the Next Step for SOX IT Solutions?

The first thing we must do in order to address your concerns is examine your risk. We will need to perform a Compliance Health Check, for free, which will provide us the vulnerabilities that your systems and procedures currently have. We will then explain the Threats that seek your Vulnerabilities and how it affects your office. Your Risk is determined by a complex equation which includes the dollar value of the data your office possesses, the dollar value of potential loss from downtime, vulnerabilities in your systems and processes, and the threats to those vulnerabilities.

Give Cyber Security Solutions a call and allow us to perform our Compliance Health Check, if we find nothing wrong with your systems, procedures, or compliance then we’ll pay you $100 for your time.