Although the Sarbanes-Oxley Act of 2002 (SOX) has been around for nearly two decades, many companies still struggle to meet compliance requirements. Initially enacted in response to public companies mishandling financial reporting, SOX is a compliance requirement for all public companies. Understanding SOX compliance, as well as its requirements and controls, helps organizations create more robust governance processes.
A bipartisan Senate bill would require some businesses to report data breaches to law enforcement within 24 hours or face financial penalties and the loss of government contracts. The legislation from Senate Intelligence Chair and Democratic Senator Mark Warner with Republican Senators Marco Rubio and Susan Collins is just one of several new cybersecurity bills that will likely be debated this year. If passed, the bill could require certain U.S.
On May 12, 2021, President Biden signed an executive order calling on federal agencies to improve their cybersecurity practices. Following the recent SolarWinds and Colonial Pipeline attacks, it is clear that security incidents can severely impact the economy and civilians' day-to-day lives and that cybersecurity needs to be a high-priority issue. We encourage you to read the full executive order.
The Data Protection Act 2018 is the legislation enforced by the Information Commissioner’s Office (ICO), UK, to protect personal data processing and data stored on the computer, digital media, or paper filing systems.
Coming into force on May 25th, 2018, the General Data Protection Regulation (GDPR) was a landmark for data protection. Trading blocs, governments, and privacy organizations took note, and over the last three years, GDPR has inspired new data privacy legislation worldwide.
