Posted: September 23rd, 2020

Sarbanes-Oxley (SOX) Essay

Sarbanes-Oxley (SOX)

Sarbanes-Oxley (SOX) Act of 2002 is a law that was passed to protect and prevent fraudulent activities in financial corporations. The act came in response to the many scandals that were witnessed in financial corporations such as Adelphia (Grama, 2010). The main purpose of SOX was to ensure that investors and shareholders are protected from financial fraud by ensuring that they increase disclosure requirements.

International organization for standardization (ISO)

The International organization for standardization (ISO) is an organization that guides organizations on how they will implement their information security systems (Grama, 2010). ISO usually facilitates experts who come together to create standards that guide how organizations will implement their information security systems. International organization for standardization works together with the International Electrotechnical Commission to ensure that the right standards are set.

International Electrotechnical Commission (IEC)

International Electrotechnical Commission (IEC) is an organization that is responsible for creating standards for electronic, electrical, and other related technologies. IEC facilitates the whole process where experts create rules and standards that guide the building of devices. IEC also provides standards that are used to test the conformity of devices (Iec, 2020).

ISO/IEC 27001 and ISO/IEC 27002

ISO/IEC 27001 and ISO/IEC 27002 are standards that were created by ISO and IEC to provide organizations with information security controls. ISO/IEC 27001 provides organizations with a framework upon which their information security management systems will be based on. On the other hand, ISO/IEC 27002 provides an organization with information security safeguards. ISO/IEC 27002 has 11 sections that explain information security controls (Grama, 2010).

The National Institute for Standards and Technology (NIST)

The National Institute for Standards and Technology (NIST) is a body in the U.S government that was created to support innovation and offer standards in the technology industry. The National Institute for Standards and Technology acts as a laboratory that is used to test innovations in various industries such as cybersecurity (Rsisecurity, 2018).

References

Grama, J. L. (2010). Legal Issues in Information Security. Jones & Bartlett Learning.

Iec. (2020). What does the IEC do? Retrieved from iec: https://www.iec.ch/perspectives/general_public/what_iec_does.htm

Rsisecurity. (2018, September 12). What Is Nist And Why Is It Critical To Cybersecurity? Retrieved from Rsisecurity: https://blog.rsisecurity.com/what-is-nist-and-why-is-it-critical-to-cybersecurity/

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