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Sarbanes-Oxley (SOX) Act Data-at-Rest Security Compliance

Thales assists in data security compliance with Sarbanes Oxley Act, which regulates financial reporting and auditing of publicly traded companies.

SOX

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The Sarbanes-Oxley Act (SOX) regulates financial reporting and auditing of publicly traded companies. The law establishes strict requirements for reporting, disclosure, and internal controls and defines penalties for non-compliance. The SOX Act forms a structure for corporate governance, establishing higher levels of fiscal accountability for U.S. businesses. Company officers could face criminal litigation and penalties if their enterprise is found to be non-compliant.

Sections 302 and 304 of the Sarbanes-Oxley (SOX) Act set standards related to data protection, applying to US public companies and accounting firms.

Thales can help organizations meet Sarbanes-Oxley (SOX) compliance requirements through:

  • Access controls
  • Encryption and key management
  • Security intelligence

 

access controls, encryption and key management, security intelligence

 

  • Regulation
  • Compliance

Sarbanes-Oxley Act: Section 404

Sarbanes-Oxley Act section 404 has two major compliance requirements:

  • Management is accountable for establishing and maintaining internal controls and procedures that enable accurate financial reporting, and assessing this posture every fiscal year in an internal control report.
  • Public accounting firms that prepare or issue yearly audits must attest to, and report on, this yearly assessment by management.

Sarbanes-Oxley Act: Section 302

Sarbanes-Oxley Act section 302 expands this with compliance requirements to:

  • List all deficiencies in internal controls and information, as well as report any fraud involving internal employees.
  • Detail significant changes in internal controls, or factors that could have a negative impact on internal controls.

Implications

The SOX compliance requirement implications for public companies to protect data are:

  • Any financial information needs to be safeguarded, and its integrity assured.
  • Specific internal security controls need to be identified that protect this data, auditing must take place, and this security posture re-assessed every year – including any changes or deficiencies as a result of changing conditions.

Thales can help your organization comply with Sarbanes-Oxley through:

  • Data discovery and classification
  • Data access control
  • Encryption and tokenization (pseudonymization) of data at rest
  • Encryption of data in motion
  • Encryption key management
  • Keeping and monitoring user access logs
  • The use of hardware security modules for executing encryption processes and protecting encryption keys

Data Discovery and Classification

The first step in protecting sensitive data is finding the data wherever it is in the organization, classifying it as sensitive, and typing it (e.g. PII, financial, IP, HHI, customer-confidential, etc.) so you can apply the most appropriate data protection techniques. It is also important to monitor and assess data regularly to ensure new data isn’t overlooked and your organization does not fall out of compliance.

Thales’ CipherTrust Data Discovery and Classification efficiently identifies structured as well as unstructured sensitive data on-premises and in the cloud. Supporting both agentless and agent-based deployment models, the solution provides built-in templates that enable rapid identification of regulated data, highlight security risks, and help you uncover compliance gaps. A streamlined workflow exposes security blind spots and reduces remediation time. Detailed reporting supports compliance programs and facilitates executive communication.

Strong access management and authentication

Thales Access Management and Authentication solutions provide both the security mechanisms and reporting capabilities organizations need to comply with data security regulations. Our solutions protect sensitive data by enforcing the appropriate access controls when users log into applications that store sensitive data. By supporting a broad range of authentication methods and policy driven role-based access, our solutions help enterprises mitigate the risk of data breach due to compromised or stolen credentials or through insider credential abuse.

Support for smart single sign on and step-up authentication allows organizations to optimize convenience for end users, ensuring they only need to authenticate when needed. Extensive reporting allows businesses to produce a detailed audit trail of all access and authentication events, ensuring they can prove compliance with a broad range of regulations.

Protection of sensitive data at rest

The CipherTrust Data Security Platform is an integrated suite of data-centric security products and solutions that unify data discovery, protection, and control in one platform.

  • Discover: An organization must be able to discover data wherever it resides and classify it. This data can be in many forms: files, databases, and big data, and it can rest across storage on premises, in clouds, and across back-ups. Data security and compliance starts with finding exposed sensitive data before hackers and auditors. The CipherTrust Data Security Platform enables organizations to get complete visibility into sensitive data on-premises and in the cloud with efficient data discovery, classification, and risk analysis.
  • Protect: Once an organization knows where its sensitive data is, protective measures such as encryption or tokenization can be applied. For encryption and tokenization to successfully secure sensitive data, the cryptographic keys themselves must be secured, managed and controlled by the organization. The CipherTrust Data Security Platform provides comprehensive data security capabilities, including file-level encryption with access controls, application-layer encryption, database encryption, static data masking, vaultless tokenization with policy-based dynamic data masking, and vaulted tokenization to support a wide range of data protection use cases.
  • Control: The organization needs to control access to its data and centralize key management. Every data security regulation and mandate requires organizations to be able to monitor, detect, control, and report on authorized and unauthorized access to data and encryption keys. The CipherTrust Data Security Platform delivers robust enterprise key management across multiple cloud service providers (CSP) and hybrid cloud environments to centrally manage encryption keys and configure security policies so organizations can control and protect sensitive data in the cloud, on-premise and across hybrid environments.
  • Monitor: Finally, the enterprise needs to monitor access to sensitive data to identify ongoing or recent attacks from malicious insiders, privileged users, APTs, and other cyberthreats. CipherTrust Security Intelligence logs and reports streamline compliance reporting and speedup threat detection using leading Security Information and Event Management (SIEM) systems. The solution allows immediate automated escalation and response to unauthorized access attempts and provides all the data needed to build behavioral patterns required to identify suspicious usage by authorized users.

Protection of sensitive data in motion

Thales High Speed Encryptors (HSEs) provide network independent data-in-motion encryption (Layers 2,3 and 4) ensuring data is secure as it moves from site-to-site, or from on-premises to the cloud and back. Our HSE solutions allow customers to better protect data, video, voice, and metadata from eavesdropping, surveillance, and overt and covert interception—all at an affordable cost and without performance compromise.

Protection of cryptographic keys

Luna HSMs from Thales provide a hardened, tamper-resistant environment for secure cryptographic processing, key generation and protection, encryption, and more. Available in three FIPS 140-2 certified form factors, Luna HSMs support a variety of deployment scenarios.

In addition, Luna HSMs:

  • Generate and protect root and certificate authority (CA) keys, providing support for PKIs across a variety of use cases
  • Sign your application code so you can ensure that your software remains secure, unaltered, and authentic
  • Create digital certificates for credentialing and authenticating proprietary electronic devices for IoT applications and other network deployments

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Other key data protection and security regulations

GDPR

Regulation
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Perhaps the most comprehensive data privacy standard to date, GDPR affects any organization that processes the personal data of EU citizens - regardless of where the organization is headquartered.

PCI DSS

Mandate
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Any organization that plays a role in processing credit and debit card payments must comply with the strict PCI DSS compliance requirements for the processing, storage and transmission of account data.

Data Breach Notification Laws

Regulation
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Data breach notification requirements following loss of personal information have been enacted by nations around the globe. They vary by jurisdiction but almost universally include a “safe harbor” clause.