Welcome!

Agile Computing Authors: Larry Alton, Pat Romanski, Elizabeth White, Yeshim Deniz, Astadia CloudGPS

Related Topics: Cloud Security

News Feed Item

Cyber Security Industry Alliance Issues Findings from Summit on Sarbanes-Oxley and IT Security

Most Stakeholders Not Looking for More Official Guidance on IT Security

ARLINGTON, Va., Aug. 15 /PRNewswire/ -- Cyber Security Industry Alliance (CSIA), the only public policy and advocacy group dedicated exclusively to cyber security, today released a report that summarizes key findings and conclusions from a conference held to discuss the adequacy of guidance given on IT security in Sarbanes-Oxley. Today's announcement follows a Sarbanes- Oxley compliance initiative that began in 2004 with a CSIA report outlining the implications of Section 404 for information security.

Attendees at IT Security and Sarbanes-Oxley Compliance: A Roundtable Dialogue of Lessons Learned, addressed whether the statutory and administrative materials governing Section 404 provide enough guidance on IT security to enable management and auditors to carry out their compliance obligations.

"The conference proceedings and subsequent announcements from the Securities and Exchange Commission (SEC) indicate that additional detailed guidance on information technology and security controls under Section 404 is neither desired by corporate management nor likely to be forthcoming from regulators, who have expressed a preference for relying on management's discretion and judgment in establishing IT controls rather than providing specific audit control lists," said Paul Kurtz, executive director of CSIA. "Against this backdrop, many auditors, legal counsel and management plan to rely on generally agreed upon frameworks for IT security, such as COBIT and ISO 17799. Regardless of how management decides to specifically address information security, the one thing that remains clear is that it must be considered an important part of overall compliance."

Sponsored by CSIA, George Mason University School of Law's Critical Infrastructure Protection Program (GMU), The Institute of Internal Auditors (IIA), the Information Systems Audit and Control Association (ISACA) and the Information Systems Security Association (ISSA), the conference brought together experts representing each of the key stakeholder communities involved in Section 404 compliance. Corporate management, audit and accounting, legal counsel and IT security officers and professionals made up four panels that discussed experiences and lessons learned in addressing IT security issues relating to Section 404 and whether or not more official guidance is needed.

The report highlights five lessons learned from the first round of compliance efforts that include:

* Steep learning curve inevitable regardless of adequacy of IT guidelines The heated political climate that led to the passage of Sarbanes-Oxley, combined with the bright spotlight directed at corporate leaders with each new revelation of scandal, mismanagement or fraud, virtually assured that the first round of compliance was going to entail a steep learning curve, regardless of the level of guidance provided. * IT security is not a CEO priority The relationship between IT and compliance under Section 404 has not been well understood by senior management and therefore, not given personal priority attention. This is because Congress has been silent on the issue of IT and CEOs listen and act on what Congress says. Also, the relationship between the concept of "internal controls," an accounting concept, and the role of IT security is not well recognized by corporate leaders. * Deference to auditors by management and legal counsel Section 404 under Sarbanes-Oxley is designed to hold management and auditors separately accountable; however, both management and legal counsel tend to defer to auditors in terms of interpreting and implementing Section 404. * Augmentation of COSO framework required Section 404 states that a company's internal controls must be based on "a suitable, recognized control framework established by a body of experts that followed due-process procedures," and specifies the COSO framework, published by the Treadway Commission's Committee of Sponsoring Organizations, as suitable. However, the COSO framework alone provides insufficient guidance, and some say it is too broad and not sufficiently focused on financial controls. Some auditors and IT professionals refer to the standard set forth in the Control Objectives for Information and related Technology (COBIT), developed by ISACA's IT Governance Institute. * Existing control processes and procedures affect Sarbanes-Oxley compliance activities Companies with already established and implemented internal controls throughout their organization have an easier time meeting Section 404 compliance obligations. Those without solid internal controls are confronted with a more complicated compliance process.

The report concludes that management and legal counsel representatives generally opposed additional IT governance and security guidance from the Public Company Accounting Oversight Board (PCAOB), as it was seen as unnecessary, unhelpful and unwanted. However, representatives from public accounting firms were in favor of additional PCAOB guidance and many panelists were in favor of formal recognition by the PCAOB of COBIT.

Representatives were unanimous in the view that stakeholder communities do not communicate with one another effectively on IT governance and security, as they all speak in terms and language unique to their profession. They also agreed that a common lexicon and framework is needed to ensure all stakeholders share a common understanding of each other's roles and responsibilities in the Section 404 compliance process.

To obtain a copy of today's CSIA report, "IT Security and Sarbanes-Oxley Compliance: Conference Summary of Findings and Conclusions," please visit http://www.csialliance.org/.

About the Cyber Security Industry Alliance

CSIA is the only advocacy group dedicated exclusively to enhancing global cyber security through public policy, education, awareness and technology. The organization is led by CEOs from the world's top security providers, who offer the technical expertise, depth and focus to encourage a better understanding of cyber security issues. It is the belief of the CSIA that a comprehensive approach to ensuring the security, integrity and availability of global information systems is fundamental to national and economic stability. To learn more about the CSIA, please visit our Web site at http://www.csialliance.org/ or call +1-703-894-2742.

Members of the CSIA include BindView Corp. ; Check Point Software Technologies Ltd. ; Citadel Security Software Inc. ; Citrix Systems, Inc. ; Computer Associates International, Inc. ; Entrust, Inc. ; Internet Security Systems Inc. ; iPass Inc. ; Juniper Networks, Inc. ; McAfee, Inc. ; PGP Corporation; Qualys, Inc.; RSA Security Inc. ; Secure Computing Corporation , Surety, Inc.; Symantec Corporation and TechGuard Security, LLC.

Cyber Security Industry Alliance

CONTACT: Stacy Simpson of the Merritt Group, +1-703-390-1528, or
[email protected], for the Cyber Security Industry Alliance

Web site: http://www.csialliance.org/

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
SYS-CON Events announced today that Daiya Industry will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Daiya Industry specializes in orthotic support systems and assistive devices with pneumatic artificial muscles in order to contribute to an extended healthy life expectancy. For more information, please visit https://www.daiyak...
SYS-CON Events announced today that Fusic will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Fusic Co. provides mocks as virtual IoT devices. You can customize mocks, and get any amount of data at any time in your test. For more information, visit https://fusic.co.jp/english/.
SYS-CON Events announced today that Keisoku Research Consultant Co. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Keisoku Research Consultant, Co. offers research and consulting in a wide range of civil engineering-related fields from information construction to preservation of cultural properties. For more information, vi...
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
SYS-CON Events announced today that Interface Corporation will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Interface Corporation is a company developing, manufacturing and marketing high quality and wide variety of industrial computers and interface modules such as PCIs and PCI express. For more information, visit http://www.i...
SYS-CON Events announced today that Ryobi Systems will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Ryobi Systems Co., Ltd., as an information service company, specialized in business support for local governments and medical industry. We are challenging to achive the precision farming with AI. For more information, visit http:...
Elon Musk is among the notable industry figures who worries about the power of AI to destroy rather than help society. Mark Zuckerberg, on the other hand, embraces all that is going on. AI is most powerful when deployed across the vast networks being built for Internets of Things in the manufacturing, transportation and logistics, retail, healthcare, government and other sectors. Is AI transforming IoT for the good or the bad? Do we need to worry about its potential destructive power? Or will we...
SYS-CON Events announced today that Enroute Lab will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enroute Lab is an industrial design, research and development company of unmanned robotic vehicle system. For more information, please visit http://elab.co.jp/.
SYS-CON Events announced today that Nihon Micron will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Nihon Micron Co., Ltd. strives for technological innovation to establish high-density, high-precision processing technology for providing printed circuit board and metal mount RFID tags used for communication devices. For more inf...
SYS-CON Events announced today that mruby Forum will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. mruby is the lightweight implementation of the Ruby language. We introduce mruby and the mruby IoT framework that enhances development productivity. For more information, visit http://forum.mruby.org/.
In his session at @ThingsExpo, Greg Gorman is the Director, IoT Developer Ecosystem, Watson IoT, will provide a short tutorial on Node-RED, a Node.js-based programming tool for wiring together hardware devices, APIs and online services in new and interesting ways. It provides a browser-based editor that makes it easy to wire together flows using a wide range of nodes in the palette that can be deployed to its runtime in a single-click. There is a large library of contributed nodes that help so...
DevOps at Cloud Expo – being held October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real r...
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, will discuss how data centers of the future will be managed, how th...
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...
SYS-CON Events announced today that Mobile Create USA will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Mobile Create USA Inc. is an MVNO-based business model that uses portable communication devices and cellular-based infrastructure in the development, sales, operation and mobile communications systems incorporating GPS capabi...
SYS-CON Events announced today that TMC has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo and Big Data at Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Global buyers rely on TMC’s content-driven marketplaces to make purchase decisions and navigate markets. Learn how we can help you reach your marketing goals.
There is huge complexity in implementing a successful digital business that requires efficient on-premise and cloud back-end infrastructure, IT and Internet of Things (IoT) data, analytics, Machine Learning, Artificial Intelligence (AI) and Digital Applications. In the data center alone, there are physical and virtual infrastructures, multiple operating systems, multiple applications and new and emerging business and technological paradigms such as cloud computing and XaaS. And then there are pe...
Real IoT production deployments running at scale are collecting sensor data from hundreds / thousands / millions of devices. The goal is to take business-critical actions on the real-time data and find insights from stored datasets. In his session at @ThingsExpo, John Walicki, Watson IoT Developer Advocate at IBM Cloud, will provide a fast-paced developer journey that follows the IoT sensor data from generation, to edge gateway, to edge analytics, to encryption, to the IBM Bluemix cloud, to Wa...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...