Regulatory frameworks

            Choose one of the following regulatory frameworks and discuss in detail its impacts on a particular enterprise or organization, ideally based on your own personal or professional experience. Focus your discussion on how compliance with the regulation drove (or could drive) the design of network modification or the deployment of a security control. Alternately, you can discuss a case of regulatory noncompliance and its consequences. Consider the following: Family Educational Rights and Privacy Act (FERPA). Federal Information Security Management Act (FISMA) Gramm–Leach–Bliley Act (GLBA). Health Insurance Portability and Accountability Act (HIPAA). Payment Card Industry Data Security Standard (PCI DSS). Sarbanes–Oxley Act (SOX). Another of your choosing.  
In order to comply with SOX regulations, organizations must have appropriate internal controls in place to ensure financial data integrity. This involves implementing policies which address topics such as access control, segregation of duties, change management procedures, risk assessment processes, and the secure storage of company records (Mustafa & Kabir 2020). In terms of network modification or deployment of security controls, organizations would need to consider firewall rules designed specifically for preventing unauthorized access from outside networks or malicious actors. Additionally they could leverage identity management solutions such as multi factor authentication or role based access control for protecting confidential data within organization . Furthermore encryption technologies should be used when transmitting sensitive information over public networks (Lopez et al 2016 ) Organizations can face serious consequences if found non compliant with SOX regulations . For instance fines imposed by SEC , penalties up $5 million per violation along potential jail time executives responsible violations Furthermore any publicly traded company failing abide guidelines will suffer reputational damage resulting loss investor confidence significantly impact share price performance Finally if internal audit discovers material weaknesses reporting process exist punishment stronger depending severity incidents Government may require complete restatement certain historical financials making companies liable civil litigation brought forward disgruntled shareholders References: Lopez L et al -2016 - \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\"Data Protection Compliance Challenges Of The Sarbanes Oxley Act And Guidance On How To Achieve It\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\" https://searchbusinessanalyticscom/article/data-protection compliancechallengesofthesarbanesoxleyactand guidanceonhowtoachieveit.< br > Mustafa F & Kabir M -2020- \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ \"EnsuringCompliance With The Sarbanes–OxleyActSarboxOrSOA :A Guide For Managers And Auditors\\\\\\\\ \\\\\\\\'\'.https://wwwcgmaorg/resources/ tools/governanceriskcompliance /articlesensuringcompliancewiththesarbanes oxleyactsarboxorsoxaguideformanagersauditors

Sample Solution

The Sarbanes-Oxley Act (SOX) is a federal law that was enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures. The main focus of SOX is to prevent financial fraud and ensure that companies are providing accurate information to their shareholders and regulators. As such, it has significant implications for organizations of all sizes.