Remove 2002 Remove Application Remove Security Remove Vulnerability
article thumbnail

New GLBA Safeguards For CPA Firms

LAN Infotech

The Federal Trade Commission (FTC) recently published a new safeguards regulation incorporating most of the recommended revisions to the 2002 GLBA guidelines for safeguarding client information, on 10th January 2022. Risk assessment is meant to evaluate possible vulnerabilities to client data that might result in an illegal breach.

article thumbnail

SOX vs. SOC: What Is The Difference? [Complete Guide]

LogisManager

SOX” is a commonly used acronym that refers to the Sarbanes-Oxley Act of 2002. This means identifying risks, designing controls to address vulnerabilities, mapping controls to key objectives, testing controls for effectiveness and reporting to regulators. SOX Overview. SOC” is the acronym for Systems and Organizations Controls.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

IRM, ERM, and GRC: Is There a Difference?

Reciprocity

For example, retail is now “e-tail,” manufacturing plants are increasingly automated, and nearly every step of the hiring and contracting process happens online, from application to background checks to payroll. 2002-2007): Financial reporting, Sarbanes-Oxley Act (SOX) compliance, and their related IT controls.

article thumbnail

Choosing a Governance Risk and Compliance Tool: Constant Vigilance

Reciprocity

GRC is an integrated approach to managing the organization’s governance, IT and security risks, and regulatory compliance functions. Effective governance enables senior management to oversee, control, and coordinate employees, resources, applications, infrastructures, and behaviors. What Is GRC? Clear Organizational Hierarchy.