The Sarbanes-Oxley (SOX) Act of 2002 legislates how long and the manner which companies store their financial records. Created largely in response to the Enron and WorldCom scandals, the SOX act is designed to safeguard against accounting errors and other illegal financial activities. In placing a more rigorous requirement on financial reports the storing of the records becomes vitally important because the trail of transactions must be secure.

The regulated companies in choosing a storage method will therefore look to a format that will insure it can satisfy the legal requirements of the SOX, in other words, the increased use of online remote data storage facilities/programs.

As an online data storage facility, IBackup is not privy to the contents of the information stored for a client. The customer must maintain responsibility for ensuring that it is in compliance as to what information is being kept and who in the organization (including independent auditors) has access. IBackup maintains responsible for the availability and security of the information being stored and has put safe guards in place to ensure quality control standards, including the following:

IBackup Professional assists with SOX Compliance in each of these areas
	The data files backed up are encrypted on transmission using 128-bit SSL and the data files are stored encrypted using AES 256-bit encryption and automatically decrypted during restores. The encryption is done based on a user defined key, so the data stored on IBackup Professional servers cannot be decrypted by anybody other than you or a designate.
	Access is logged with a date and time stamp by IBackup each time a document is accessed by a user.
	Client access is only through authorized personnel with the encryption password which is known only to the client.
	All backups are immediately available.
	Data remains in the IBackup customer storage areas for as long as the client retains it.