Nearly Half May Not Make Second Sarbanes-Oxley Deadline
Forty-five percent of IT executives responding to an August poll said their companies are unlikely to meet the message retention requirements of Sarbanes-Oxley by the July 2006 deadline.Nearly half of all companies affected by the second round of Sarbanes-Oxley deadlines do not expect to meet the July 2006 target, according to a poll of IT executives facing the deadline. Forty-five percent of U.S. IT executives responding to the survey by instant messaging security vendor Akonix Systems Inc. said their companies were unprepared to meet the message retention requirements in the federal regulations governing corporate information.
Twenty-nine percent of the 157 respondents to the August poll said they felt they would be able to meet the deadline for archiving messages, while a further 26 percent said they did not know.