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Legacy System: Definition, Challenges, Types & Modernization

Astera

Despite their critical functions, these systems also lead to increased maintenance costs, security vulnerabilities, and limited scalability. Example: IBM zSeries mainframes are often found in financial institutions and large enterprises. Example: Core banking systems that handle transactions, account management, and customer data.

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SOX Compliance Guide

Insight Software

While it has been effective in improving corporate governance and transparency, the Sarbanes-Oxley Act has also led to increased compliance costs for companies. A number of SOX Act provisions also apply to privately held companies, such as the willful destruction of evidence to impede a federal investigation.