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Sarbanes-Oxley: Driving the Storage Compliance Boom

Sarbanes-Oxley: Driving the Storage Compliance Boom

by Rick Turoczy on February 25, 2005

No government or agency regulation has refocused the energies of IT administrators and storage professionals like the Sarbanes-Oxley Act. Broad in its reach, short on implementation specifics, and bristling with teeth, the act has sent IT departments scrambling to get a handle on the compliant storage of business data almost from its enactment in 2002.

Although the scramble isn’t over — it’s only now, after the Section 404 deadline, that audits and case law will begin to better establish the SEC’s expectations — a few years of experience has given us a measure of the effect the act is having on the practice of data retention and protection.

Sarbanes-Oxley is ultimately an act that mandates financial accountability. It is not a records storage implementation guideline. It doesn’t call for the retention of specific record types, nor require specific media, nor specify recovery time objectives for archived records.

“No one knows where the dividing line is between what they must keep and what they don’t need to keep,” says Al Stuart, chief strategist for IBM compliance and data retention solutions. So companies are taking an inclusive approach, storing everything that might have a bearing on financial reporting, and, in the words of Stuart, “in some cases they are claiming they are keeping everything forever.”

Sarbanes-Oxley: Driving the Storage Compliance Boom

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