The Sarbanes-Oxley (SOX) Act of 2002 legislates how long and the manner in which companies store their financial records. Created largely in response to the Enron and WorldCom scandals, SOX is designed to safeguard against accounting errors and other illegal financial activities. SOX specifically states that electronic records and messages (email/IM) must be saved for at least five years to ensure that auditors and other regulators can easily obtain requested documents.
How RenovoData can help:
RenovoData online backup software and managed services help organizations address these SOX rules without the need for additional equipment or services such as tape libraries, media and off-site media storage. Storing financial records with Renovodata's online backup gives organizations the confidence in knowing that critical data is secure, yet quickly accessible. Electronically transporting records using industry-standard encryption to off-site secure locations where the data remains encrypted minimizes the chance of any unethical access or destruction of data.
RenovoData's online backup software and managed services can help publicly traded businesses and companies (accounting firms) who conduct audits adhere to SOX by:
- Storing data at highly secure, off-site locations.
- Ensuring that critical records and communications remain encrypted.
- Utilizing disk-to-disk backup and retrieval, avoiding the hassles of backup tapes.
- Offering specialized solutions for storing, monitoring and archiving email and instant messages.
Let Renovo Data Help You Meet Sarbanes-Oxley Compliance. Click Here