"netForensics has given us the ability to introduce new monitors in hours, not days. We can react to the threats, measure our effectiveness and have full, ongoing visibility of our risk posture."
Matthew M. Speare,
Administrative VP,
Corporate Information Security Officer,
M&T Bank
Sarbanes-Oxley Act (SOX) Compliance
Aligning Security Best Practices and Proactive Risk Management with SOX
The Sarbanes-Oxley Act (SOX) is designed to protect investors by improving the accuracy and reliability of corporate disclosures made in accordance with securities laws. You must follow SOX standards or strict penalties for noncompliance can result. SOX encourages auditors to take a proactive, risk-based approach in evaluating the internal controls over financial reporting of public companies. You need to monitor and secure compliance-related data and applications throughout your enterprise by monitoring at both the application level and network activity level.
Adopting a true policy-driven security program, however, presents significant challenges for organizations. To meet SOX requirements, you must track and prove your success in measurable risk reduction. You also must establish auditable internal controls that include logs, incident reports, alerts, and IDM systems, as well as application session information from across your entire organization on different platforms. A properly implemented risk-based approach to auditing for SOX compliance can make SOX more manageable. It can also reduce the associated cost and help ensure the adequacy of controls and the integrity of financial reporting.
nFX Solutions for SOX
netForensics security information management (SIM) and log management solutions offer you a cost-effective approach to proactively managing risk across your network, systems, applications, databases, and user activities—while enabling SOX compliance. nFX One solutions deliver reliable, end-to-end security monitoring and incident management processes surrounding financial applications and data, and the IT systems that support them. By deploying an effective security compliance management solution, you’re equipped with a full range of tools that allow you to meet your SOX obligations.
Log Management and Beyond
Log management is an important foundation for your SOX compliance strategy. It enables you to collect, store, and report on your event logs and prove that you have adequate controls in place. Yet log management is only one element of an effective approach to SOX compliance. nFX One solutions empower you with an added layer of security intelligence featuring proven, patented correlation technology. With nFX One, you can go beyond just collecting and storing event logs and leverage advanced correlation capabilities to prevent and mitigate even the toughest threats.
nFX One: Helping You Maintain SOX Compliance While
Securing Your Enterprise
The netForensics nFX One security compliance management suite allows you to employ security best practices and continuously manage risk. Through data collection, log management, real-time monitoring, threat identification, rapid response, and actionable reporting, you can tackle information security and SOX compliance at the same time. nFX One helps you meet SOX compliance, enabling you to:
- Prove diligence in managing information security risk through detailed documentation so you’re continually prepared for any potential audits
- Monitor and protect your financial databases, down to the record level, and secure financial data as it moves throughout applications that consume that data
- Centrally collect and store audit trails from financial databases and applications and correlate them with network security devices
- Implement identity management systems so that you can recognize and prevent both internal and external security threats to financial systems before they result in a material weakness
- Respond rapidly to material events such as a data breach, notifying appropriate parties and taking remedial action
nFX Cinxi One provides all sizes and types of organizations with both security visibility and log management in one affordable, yet high-performance solution.
nFX SIM One empowers larger, distributed organizations to transform huge volumes of complex security-related data into understandable, actionable information.
Learn more about achieving and maintaining SOX compliance through proactive threat and risk management:
White Paper: SOX Reloaded – Essential Practices for Successful Compliance >
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