Final answer:
U.S. publicly traded companies are subject to regulations like the Federal Securities Act and the Sarbanes-Oxley Act, which ensure that security policies and financial information are transparent and trustworthy to protect investors and the integrity of the market.
Step-by-step explanation:
Understanding Regulatory Standards for Publicly Traded U.S. Companies
The question pertains to the regulatory framework that sets standards for publicly traded U.S. companies, especially focusing on security policies, standards, and controls. This framework includes crucial regulations such as the Federal Securities Act, the establishment of the Securities and Exchange Commission (SEC), and laws like the Sarbanes-Oxley Act. Specifically, the SEC enforces requirements for network access, authentication, and overall security for these companies. The Sarbanes-Oxley Act, a direct response to major accounting scandals, aims to protect investors by enhancing transparency and the reliability of corporate financial statements; it has provisions for robust corporate governance and internal control over financial reporting.
Moreover, standards and regulations are not only a national concern but must also adhere to international rules, such as those from the World Trade Organization, which stipulate that regulations must be scientifically based and not discriminate arbitrarily between countries. Within the national territory, other acts such as the National Security Act, the Patriot Act, and the Homeland Security Act also play roles in shaping how information is managed and protected in order to guard against threats and improve coordination between government agencies.
In the era of instant communication technology and online data exchanges, oversight by agencies such as the Federal Communications Commission (FCC) and Federal Trade Commission (FTC) is essential to safeguard American citizens' privacy and security. Two-factor authentication, strong password protocols, and public education on scam avoidance are practical measures taken by individuals and entities to enhance cybersecurity.