How does privileged access management help organizations comply with SOX (Sarbanes-Oxley) regulations for financial accountability?
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Privileged access management helps organizations comply with SOX regulations for financial accountability by providing strict control and oversight over who can access sensitive financial data and systems within an organization. It ensures that only authorized personnel have access to critical financial information, reducing the risk of unauthorized changes or fraud. By implementing privileged access management solutions, organizations can maintain proper segregation of duties, implement strong authentication mechanisms, monitor all privileged activities, and generate audit trails to demonstrate compliance with SOX regulations.