Friday, April 29, 2005

Do We Need a Sarbanes-Oxley for the Internet?

Via Newsfactor Technology News:

Should there be a higher authority for Internet security? With billions of dollars transacted daily via the Internet and online banking growing, some say it's high time for industry to collaborate on a stringent security doctrine to hold organizations accountable for operating, providing and commercializing Internet service.

"I'm held to accountability through Sarbanes-Oxley (SOX) and all these other regulatory requirements," says Larry Jarvis, vice president of network engineering for Fidelity Investments. "That doesn't exist for some of these critical elements in the Internet."


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