io.finnet achieves SOC 2 Type 1 compliance
By SSN Staff
Updated 1:15 PM CST, Tue January 30, 2024
LONDON – io.finnet, a tech firm for digital security, has announced the successful completion of its SOC 2 Type 1 audit, demonstrating its commitment to robust data security and the protection of user privacy.
SOC 2 is a globally recognized standard for cybersecurity risk management controls, developed by the American Institute of Certified Public Accountants (AICPA). It provides customers with a detailed overview of the security controls implemented by service organizations. The SOC 2 Type 1 audit specifically focuses on managing customer data based on five trust principles: security, availability, processing integrity, confidentiality, and privacy.
“We are proud to have passed this rigorous assessment, which certifies that our controls, processes and infrastructure meets the high standards required for SOC2” said Jacob Plater, io.finnet’s Chief Technology Officer. “This accomplishment demonstrates our commitment to safeguarding our customers’ . Our next goal is to achieve SOC 2 Type 2 certification, demonstrating the effectiveness of our controls.”
io.finnet’s expertise lies in enterprise blockchain, cryptographic security, multi-party computation (MPC), and secure APIs, providing a strong foundation for industries such as finance. By successfully completing the SOC 2 Type 1 audit, it has shown its commitment to transparency and trustworthiness.
More information online at www.iofinnet.com
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