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Security in Context: The BeyondTrust Blog

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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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10 Ways to Ensure Your Privileged Password Management Strategy Will Succeed

Posted April 27, 2015    Scott Lang

Leveraging complex, frequently updated passwords is a basic security best practice for protecting privileged accounts in your organisation. But if passwords are such a no-brainer, why do so many data breaches tie back to poor password management?

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PowerBroker for Windows – Most Innovative IAM Solution by Cyber Defense Magazine

Posted April 21, 2015    Scott Lang

PowerBroker for Windows has been selected as a winner by the 2015 Cyber Defense Magazine Awards Program in the category of “Most Innovative Identity and Access Management Solution”.

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Are you changing your passwords as often as the weather changes?

Posted April 20, 2015    Scott Lang

There is one thing that should change more frequently than the weather: Your privileged passwords. Why? If you’re like more than 25% of companies out there, then your current IT environment contains unmanaged accounts putting you at risk of data breaches and compliance violations, and you don’t have a process to control those accounts.

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