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We must learn to love compliance

We must learn to love compliance

by Rick Turoczy on February 24, 2005

Around the world a curious phenomenon is taking place. Boardrooms, previously distant and unattainable, are taking a keen interest in network security. The chairman, managing director and CEO are suddenly throwing money at the IT department.

Why? Is it because they have finally listened to your appeals for more funds? Have the numerous news reports and alerts about network insecurity actually had an effect? Or are they just plain scared of going to jail?

The truth is that new legislation and regulations covering corporate governance and privacy have shifted ultimate responsibility for information security up to senior management. If companies fail to comply, then the board can face legal action.

Throughout 2005, compliance will affect the whole IT security sector. No doubt managers will complain about the extra money the process costs, CSOs will complain about the extra hours they have to put in, and everyone else will complain about the extra pressure put on them by the Financial Services Modernizing Act (Gramm-Leach-Bliley), the Health Insurance Portability and Accountability Act (HIPAA) and, above all, Sarbanes-Oxley (SOX).

But they need not worry. A little work now could make the future a lot easier. In a year’s time, everyone could learn to love compliance.

We must learn to love compliance

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