How does the Sarbanes-Oxley Act integrate cybersecurity requirements into financial compliance?
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How does the Sarbanes-Oxley Act integrate cybersecurity requirements into financial compliance?
The Sarbanes-Oxley Act (SOX) does not explicitly mention cybersecurity requirements, however, it has indirectly influenced how companies approach cybersecurity due to its focus on internal controls, data accuracy, and financial reporting accuracy. Companies subject to SOX compliance often implement stricter cybersecurity measures to safeguard financial data and ensure the integrity of financial reporting. Additionally, Section 404 of SOX requires management assessments of internal controls, which can encompass cybersecurity protections for financial systems and data.