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SOX compliant—But not safe!
Author(s) -
Davis Michael,
Smith Gordon E.,
Schroeder Chris
Publication year - 2006
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.20248
Subject(s) - hacker , business , computer security , audit , internet privacy , sarbanes–oxley act , accounting , computer science
The Sarbanes‐Oxley Act (SOX) forced companies to evaluate their internal controls. And companies spent a lot of money on audits, trying to do that. Now many firms boast that they are “SOX compliant”— and therefore safe from hackers, data thieves, and fraudsters. But data security experts have found just the opposite: a continuing failure to secure operating systems and networks! © 2006 Wiley Periodicals, Inc.