BindView Expands Sarbanes-Oxley Compliance Capabilities for Publicly Traded Companies.Business Editors/High-Tech Writers HOUSTON--(BUSINESS WIRE)--April 28, 2004 Solutions Provide Foundation for Meeting Impending im·pend intr.v. im·pend·ed, im·pend·ing, im·pends 1. To be about to occur: Her retirement is impending. 2. Securities Industry Regulations and COBIT (Control OBjectives for Information and related Technology) A business-oriented set of standards for guiding management in the sound use of information technology from the Information Systems Audit and Control Association (ISACA) (www.isaca.org). Guidelines Helping public companies establish and enforce regulatory compliance guidelines, BindView Corp. (Nasdaq:BVEW BVEW Binary View ) today announced the release of BindView Report Packs for Sarbanes-Oxley. Section 404 of the Sarbanes-Oxley Act See SOX. (SOX) requires CEOs and CFOs of publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. to certify the effectiveness and accuracy of internal controls for their company's financial information. Because organizations rely on electronic information and IT systems to support these important business-critical processes, including financial information systems, senior executives are looking to their IT organizations to help meet due care requirements and mitigate security risks. To comply with SOX regulations, many publicly traded organizations are proactively implementing and auditing internal controls across their IT and security infrastructures that support the integrity of financial processing systems, including servers and desktop systems. BindView Report Packs for Sarbanes-Oxley provide public companies with a first step toward achieving compliance by allowing organizations to measure their security requirements against those outlined in the Control Objectives for Information and related Technology (COBIT) auditing framework, to date the most commonly accepted benchmark for SOX compliance. "Sarbanes-Oxley is arguably the most significant piece of securities legislation in the past 70 years, and it presents a significant and pressing IT challenge for all publicly traded companies, particularly as the deadline approaches," said BindView President and Chief Executive Officer Eric Pulaski. "BindView has developed the Report Packs with our customers' immediate SOX compliance needs in mind, providing 'how-to' guidance along with a clear and organized methodology to help meet the extensive COBIT framework requirements." SOX, enacted to improve corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. and restore investor confidence in financial markets, requires public companies to demonstrate greater transparency in corporate accounting and reporting, and to increase emphasis around preventing and detecting corporate fraud and misconduct. BindView Report Packs for Sarbanes-Oxley help public companies take a proactive, lifecycle approach to risk management through in-depth, COBIT-specific security reporting and analysis. By regularly analyzing systems for vulnerabilities, configuration errors and user rights violations, public companies can help protect the integrity of the financial systems that their internal controls rely upon. Now Available BindView Report Packs for Sarbanes-Oxley and other industry and technical standards such as ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 17799 and FISMA FISMA Federal Information Security Management Act of 2002 FISMA Federal Information System Management Act are immediately available for bv-Control customers under current maintenance contracts. The new Report Packs support multiple operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. including Windows, UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). , Netware and NDS/e-Directory. To optimize the specific needs of each organization, BindView Professional Services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. offers consulting engagements that help organizations maximize the depth of the report capabilities and fine-tune the reports required to meet compliance guidelines. For more information, please visit: www.bindview.com/Resources/Datasheets/bv-ControlRP-PolicyComp-DS.pdf About BindView Corporation BindView Corporation is a leading provider of proactive business policy, IT security and directory management software worldwide. BindView solutions and services enable customers to centralize and automate policy compliance, vulnerability assessment, directory administration and migration across the entire organization. With BindView insight at work(TM), customers benefit from reduced risk and improved operational efficiencies with a verifiable return on investment. More than 20 million licenses have shipped to 5,000 companies worldwide, spanning all major business segments and the public sector. Contact BindView via e-mail at info@bindview.com or visit BindView's World Wide Web Site at http://www.bindview.com. BindView can also be reached at 1-800-749-8439 or at 1-713-561-4000. |
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