Sumsub, a tech company that helps businesses stay compliant and fight digital fraud, today announced the successful completion of the System and Organisation Controls (SOC) 2 type 1 examination, resulting in a CPA’s report.
London, June 23, 2022 — Sumsub, a tech company that helps businesses stay compliant and fight digital fraud, today announced the successful completion of the System and Organisation Controls (SOC) 2 type 1 examination, resulting in a CPA’s report. The SOC 2 type 1 report states that Sumsub has maintained effective controls over the security of its identity orchestration platform. The engagements were performed by independent auditor BARR Advisory, P.A.
A SOC 2 type 1 report, a widely recognized auditing standard, is designed to give the examined companies assurance that the measures they take to process customer information are effective. The American Institute of Certified Public Accountants (AICPA) has developed a list of principles and related criteria to undertake the examination: security, availability, processing integrity, confidentiality, privacy and HIPAA Security Rule Requirements.
Sumsub complies with the SOC 2 security principle, which means that information is protected throughout the entire user lifecycle following a risk-based approach. This implies the presence of proper security controls that protect against unauthorized access, as well as the disclosure or damage of information.
The successful completion of the SOC 2 type 1 examination clearly indicates that Sumsub has the appropriate controls in place to mitigate risks related to data security and privacy. This certification reinforces our ongoing commitment to provide our customers with the highest level of information security as well as our continuous investment in the protection of our clients’ data,– said Andrew Sever, Co-founder and CEO of Sumsub.
Current or prospective Sumsub customers interested in a copy of our SOC 2 type 1 report may contact our sales team via email [email protected].