In 2002, massive developments in regulation among the financial industry were developed to set a standard for financial practices and corporate governance. This legislation was developed by Senator Paul Sarbanes and representative Michael Oxley and was respectively named Sarbanes Oxley after the two creators and shortened to SOX. This compliance regulation seeks to protect business stakeholders by improving the accuracy of corporate disclosures as well as prevent fraud. As a regulation based in cybersecurity, SOX shares many common traits with the NIST Cybersecurity Framework and using NIST controls can satisfy the compliance requirements in SOX.
*** This is a Security Bloggers Network syndicated blog from CyberSaint Blog authored by Justin Peacock. Read the original post at: https://www.cybersaint.io/blog/sox-cybersecurity-compliance
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