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Bringing you news and commentary on solutions and strategies for protecting critical IT infrastructure in the context of your business.

The Cost Of SOX Is Declining?

Posted June 30, 2011    Peter McCalister

No, I’m not talking about socks that protect your feet, I’m talking about the government regulation that most of you are worried about. Protiviti just released a new study on the effectiveness and costs of Sarbanes-Oxley compliance with a number of interesting insights for IT managers who are concerned about the effectiveness and costs of their IT controls. The overall results are encouraging.

According to Protiviti’s 2011 Sarbanes-Oxley Compliance Survey, the cost of SOX compliance is declining and most participant believe the benefits of the controls outweigh the costs. Now I am little skeptical that all of the companies surveyed are including the full impact of SOX controls on IT costs, especially since less than 50% track and report the hours and costs of compliance. I suspect some companies have just gotten comfortable that some of the activities they added are just part of a new normal. Sort of like the metaphor of a slowly boiling frog not jumping out of the pot.

Nevertheless, the way companies are approaching the continuous improvement in their SOX controls is telling. They are simultaneously reducing costs and increasing the effectiveness and efficiency of operations by following a number of key strategies:

-Using the COSA framework to define best practices. COBIT would provide a similar framework for IT
-Increase use automated controls and continuous monitoring including a shift to preventative rather than detective controls
-Use of data mining and analytics to increase understanding of process performance
-Consolidating IT processes, platforms and systems

These are all things IT can embrace and as a strategic vendor of compliance and security solutions to the enterprise, things we should and can help our customers with. Implementing least privilege across physical, virtual and cloud-computing environments can also add to this savings.

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Additional articles

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Adobe Patches Zero-Day Flaw Being Exploited in the Wild

Posted January 22, 2015    BeyondTrust Research Team

Earlier this week, French malware researcher Kafeine reported on a new Adobe Flash zero-day vulnerability that was being exploited in the wild using the latest versions of the Angler Exploit Toolkit. “Any version of Internet Explorer or Firefox with any version of Windows will get owned if Flash up to 16.0.0.287 (included) is installed and enabled”…

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Your Data Security Strategy Starts with Deploying a Least Privilege Model (part 2 of 2)

Posted January 22, 2015    Scott Lang

In last week’s blog, we talked about how controls and accountability must be put into place so that only the right folks can access data and the systems on which that data resides, and that employing a least privilege model helps to achieve that and more. We’re using conclusions and data from a recent report…

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Basic Blocking and Tackling for Defending Against Advanced Targeted Attacks

Posted January 22, 2015    Larry Brock

With football season at its pinnacle at both the college and professional levels, the best teams continually focus on the fundamentals that make them successful. In security, we need to do the same.  It is okay for us to have a few key plays, especially in certain industries where we have to focus on unique…

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