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While 2020 has been anything but expected, cybersecurity and data privacy have dominated the conversation, as consumers and governments began to demand more from organizations that collect personal information. In less than 12 months, the business environment has drastically changed in response to Covid-19. More people than ever are working from home, with some never going back to the office, and yet, at the same time, regulatory compliance to data privacy laws continues to decline. An alarming trend not just for a chief information security officer (CISO) or compliance officer, but for all parties involved as we continue to live more of our lives behind a screen.
Sarbanes-Oxley Act (Sarbox, SOX)
Purpose: Enacted in 2002, the Sarbanes-Oxley Act is designed to protect investors and the public by increasing the accuracy and reliability of corporate disclosures. It was enacted after the high-profile Enron and WorldCom financial scandals of the early 2000s. It is administered by the Securities and Exchange Commission, which publishes SOX rules and requirements defining audit requirements and the records businesses should store and for how long.
To whom it applies: US public company boards, management and public accounting firms.
Key points for CISOs: SOX places requirements around maintaining integrity and availability of financial data, and controls for who has access to that data. Specific rules need to be in place for:
Jan 20, 2021
Absa Group has been selected to serve on the Payment Card Industry Security Standards Council’s (PCI SSC’s) Board of Advisors in 2021 and 2022.
In this role, Absa is able to help shape the development of payment data security standards and programmes globally.
The PCI SSC leads a global, cross-industry effort to increase payment security by providing industry-driven data security standards and programmes that help businesses detect, mitigate and prevent cyberattacks and breaches. Absa Group Chief Security Officer Sandro Bucchianeri will represent Absa on the board for the third consecutive year.
Absa is one of 31 board members, alongside Google, Apple, Amazon and the European Card Payment Association among other organisations. As strategic partners, board members bring industry, geographical and technical insight to PCI SSC plans and projects.
Steps for PCI DSS Gap Analysis
Complying with Standards drawn by the Payment Card Industry Security Standards Council can be complicated and time-consuming. But, with a PCI DSS Gap Analysis, the process becomes a lot easier, streamlined, and less exhaustive. PCI Gap Analysis is the first step towards the Compliance process. The assessment provides details on your current security posture against what is expected and needs to be achieved by the organization. Most organizations are not sure of how a PCI DSS Gap Analysis process works, so in this article, we look at the steps involved in PCI Gap Analysis that you need to know. But, let us first understand the concept of Gap Analysis.