SOC 2 Type II Compliance: A New Feather in Crypto.com’s Cap
At present, consumers demand security assurances before investing in any kind of enterprise and one of the best ways to provide this assurance is the SOC 2 Type II report. Crypto.com, the world’s fastest-growing cryptocurrency platform, has successfully completed the Service Organization Control (SOC) 2 Type II Compliance audit. It further proves how the company serves best-in-class security and data privacy practices. Deloitte, the infamous audit and consulting firm supervised this inspection. The result confirmed that Crypto.com’s information security practices, policies, procedures, and operations adhere to AICPA Trust Services Criteria in Security, Confidentiality, Processing Integrity, and Privacy. It is further established that Crypto.com has successfully designed the existing internal controls and effectively implemented and operated them to meet the industry-leading security practice. This achievement of SOC 2 Type II Compliance is the latest example of Crypto.com’s dedication to earning and maintaining customer trust with security as the foundation.
The increasing amount of data used in today’s environment increases the chance of breaching the privacy of individuals. Both structured and unstructured data require high computational power and large storage. As multiple parties are involved in these systems, the risk of privacy violation is increased. So, in the world of web3, data privacy is of utmost importance for consumers.
“Achieving SOC 2 Type II certification is yet another step-in reinforcing Crypto.com’s continuous commitment to security and data privacy by design,” said Jason Lau, Chief Information Security Officer of Crypto.com. “With the ever-evolving threat landscape, we will continue to ensure we maintain the highest level of security and data privacy so that our customers can feel confident and trust our products. SOC 2 is an internationally respected security assessment criteria, and in line with highly regulated industries like the financial sector.” Jason Lau is a multiple award-winning cybersecurity professional with over 20 years of experience spanning multiple regions across the globe. Jason was selected as a member of the World Economic Forum expert network, Forbes Technology Council, UN ITU Security and Assurance working group, Centre for Information Policy Leadership, and holds an official position on the Standing Committee for the HK Office of the Privacy Commissioner for Personal Data.
Kris Marszalek, CEO of Crypto.com is ecstatic about the audit results. He said, “I am extremely proud of our commitment to compliance, and this latest achievement is a testament to our security, privacy, and regulatory compliance capabilities which have been cornerstones of our business since day one. We will continue investing aggressively in building a most trusted platform for our users that maintains the highest standards of security and privacy in the industry.”
With a vision of putting “cryptocurrency in every wallet”, Crypto.com uses the tools of innovation to empower the latest generation of economy builders. The company believes that it will accelerate the pace of Crypto adoption across the world. Crypto.com aims to lead the world towards a fair and equitable web3 landscape. The target consumers of crypto.com are builders, creators, and users.
The post SOC 2 Type II Compliance: A New Feather in Crypto.com’s Cap appeared first on .
At present, consumers demand security assurances before investing in any kind of enterprise and one of the best ways to provide this assurance is the SOC 2 Type II report. Crypto.com, the world’s fastest-growing cryptocurrency platform, has successfully completed the Service Organization Control (SOC) 2 Type II Compliance audit. It further proves how the company serves best-in-class security and data privacy practices. Deloitte, the infamous audit and consulting firm supervised this inspection. The result confirmed that Crypto.com’s information security practices, policies, procedures, and operations adhere to AICPA Trust Services Criteria in Security, Confidentiality, Processing Integrity, and Privacy. It is further established that Crypto.com has successfully designed the existing internal controls and effectively implemented and operated them to meet the industry-leading security practice. This achievement of SOC 2 Type II Compliance is the latest example of Crypto.com’s dedication to earning and maintaining customer trust with security as the foundation.
The increasing amount of data used in today’s environment increases the chance of breaching the privacy of individuals. Both structured and unstructured data require high computational power and large storage. As multiple parties are involved in these systems, the risk of privacy violation is increased. So, in the world of web3, data privacy is of utmost importance for consumers.
“Achieving SOC 2 Type II certification is yet another step-in reinforcing Crypto.com’s continuous commitment to security and data privacy by design,” said Jason Lau, Chief Information Security Officer of Crypto.com. “With the ever-evolving threat landscape, we will continue to ensure we maintain the highest level of security and data privacy so that our customers can feel confident and trust our products. SOC 2 is an internationally respected security assessment criteria, and in line with highly regulated industries like the financial sector.” Jason Lau is a multiple award-winning cybersecurity professional with over 20 years of experience spanning multiple regions across the globe. Jason was selected as a member of the World Economic Forum expert network, Forbes Technology Council, UN ITU Security and Assurance working group, Centre for Information Policy Leadership, and holds an official position on the Standing Committee for the HK Office of the Privacy Commissioner for Personal Data.
Kris Marszalek, CEO of Crypto.com is ecstatic about the audit results. He said, “I am extremely proud of our commitment to compliance, and this latest achievement is a testament to our security, privacy, and regulatory compliance capabilities which have been cornerstones of our business since day one. We will continue investing aggressively in building a most trusted platform for our users that maintains the highest standards of security and privacy in the industry.”
With a vision of putting “cryptocurrency in every wallet”, Crypto.com uses the tools of innovation to empower the latest generation of economy builders. The company believes that it will accelerate the pace of Crypto adoption across the world. Crypto.com aims to lead the world towards a fair and equitable web3 landscape. The target consumers of crypto.com are builders, creators, and users.
The post SOC 2 Type II Compliance: A New Feather in Crypto.com’s Cap appeared first on .
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