(Length: 21 pages)

Executive Summary (This is a document excerpt)

All organizations operate in a context of government regulations and industry standards. EU-wide directives, EU member state laws, and US regulations like Sarbanes-Oxley (SOX) that cut across industries combine with industry-specific regulations like Basel II to create a regulatory compliance jungle that is increasingly difficult to maneuver in. Nevertheless, firms need to understand which regulations apply, evaluate the business impact, and come into compliance. In some cases, noncompliance risks hefty penalties or even going out of business. Compliance touches on all areas of a business, including IT security, forcing companies to find new and improved organizational and operational methodologies. Security vendors need to adapt also, tailoring their solutions to help customers meet regulatory demands. Ultimately, no multinational will be able to run successful business operations in Europe without a profound understanding of the impact that regulatory compliance environments and associated industry standards will have on their security posture.

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