It has become mandatory for businesses to comply with regulatory guidelines such as the Gramm-Leach-Bliley Act (GLBA; also known as the Financial Services Modernization Act), Sarbanes-Oxley Act (SOX), and Health Insurance Portability and Accountability Act (HIPAA). More guidelines may emerge over

time.

The Gramm-Leach-Bliley Act has provisions to protect consumer information

held by financial institutions. This act provides the authority for federal agencies to enforce and administer the Financial Privacy Rule and the Safeguards Rule.

Any company with stock that is publicly traded in the United States must comply with the Sarbanes-Oxley Act, regardless of whether the company’s headquarters is located in the U.S. This compliancy requirement was enacted to protect individual investors, and corporations are required by law to provide truthful financial statements. All public financial statements released by corporations are subjected to intense scrutiny by regulatory authorities. Hence these legislations mandate every corporation to maintain the integrity of its own data and provide the same level of protection to the data it cares for.

Note: More information about the Gramm-Leach-Bliley Act (GLBA) can be found at:

http://banking.senate.gov/conf/

More information about the Sarbanes-Oxley Act (SOX) can be found at:

http://www.sarbanes-oxley.com

More information about the Health Insurance Portability and Accountability Act (HIPAA) can be found at:

http://www.cms.hhs.gov/hipaa

These laws are applicable for organizations in the United States of America. Similar regulations may be enforced by government regulators of other countries. Customers should consult their relevant government regulatory bodies to learn more about the applicable laws in their respective countries.

6Building a Network Access Control Solution with IBM Tivoli and Cisco Systems

Page 24
Image 24
IBM Tivoli and Cisco manual Http//banking.senate.gov/conf