Lumigent Technologies, Inc., a provider of information management solutions, announced that XL Capital Ltd. has selected Lumigent Audit DB to manage the auditing of sensitive financial data for Sarbanes-Oxley compliance purposes. With more than $54 billion in consolidated assets, XL Capital is a leading provider of insurance, reinsurance and financial products and services to enterprises worldwide. The company recently deployed Lumigent Audit DB to automate the continuous monitoring of its global business-critical application data hosted in five sites in the U.S., England and Switzerland. Such on-demand reporting enables internal auditors and IT operations management to understand all aspects of the Company data's use and access, at any point in time.
"To comply with Sarbanes-Oxley regulations, our auditors required that we monitor each and every data change, including those done by privileged users," said Dean Kelly, senior vice president, applications support services & IT procurement, at XL Capital. "The ability to view activity directly at the transaction logs - where data is actually stored - is an essential technical feature that enables us to fulfill such a requirement. Additionally, Lumigent Audit DB helps us efficiently develop reports that can be made easily accessible to our auditors to demonstrate compliance."
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