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Information security and privacy reinforced as Sumsub receives SOC 2 Type 1 report

Information Security and Privacy Reinforced: Sumsub Obtains SOC 2 Type 1 Report - Best Practices for KYC/AML Compliance

Information security and privacy measures fortified at Sumsub following the acquisition of a SOC 2...
Information security and privacy measures fortified at Sumsub following the acquisition of a SOC 2 Type 1 report.

Information security and privacy reinforced as Sumsub receives SOC 2 Type 1 report

In a recent development, Sumsub, a leading identity verification platform, has successfully completed the SOC 2 Type 1 examination. This certification underscores Sumsub's dedication to maintaining high standards of information security and data protection.

The SOC 2 Type 1 audit, conducted by an independent auditor BARR Advisory, P.A., assesses the design and implementation of security controls at a specific point in time. It provides details about Sumsub's security controls and their effectiveness in safeguarding customer data and ensuring operational security.

While the exact details of Sumsub’s SOC 2 Type 1 report are not publicly disclosed, it is confirmed that Sumsub complies with SOC 2 Type 2 standards, which indicate adherence to stringent security principles. These principles typically include security, availability, processing integrity, confidentiality, and privacy.

For Sumsub, the SOC 2 Type 1 report represents an ongoing investment in protecting client data. It serves as a valuable resource for businesses when choosing a service provider, offering assurance that shared data won't be compromised without the need for manual auditing of every provider.

The SOC 2 certification isn't a requirement, but it benefits service providers like Sumsub by enhancing their information security reputation and saving clients time and money on auditing. The certification aligns with Sumsub's commitment to managing identity verification processes, data protection, and suspicious activity monitoring within recognized frameworks.

Businesses interested in reviewing Sumsub's SOC 2 Type 1 report can request a copy from the sales team via email. The report provides assurance that Sumsub has appropriate controls in place to mitigate data security and privacy risks and that the measures taken by the company to process customer information are effective.

Sumsub also complies with other relevant international security standards such as ISO 27001:2022 and CSA (Cloud Security Alliance), which complement SOC 2 by covering wider aspects of information security management and cloud security.

In summary, Sumsub's SOC 2 Type 1 certification reinforces its commitment to high information security and data protection. The certification provides businesses with the confidence that Sumsub's platform is secure and that their data is protected.

Sumsub's SOC 2 Type 1 certification, demonstrating compliance with stringent security principles, highlights the company's integration of cybersecurity technology in its operations, ensuring the protection of customer data and adherence to privacy standards. As part of its ongoing investment in protecting client data, Sumsub also complies with other international security standards like ISO 27001:2022 and CSA, thereby reinforcing its commitment to comprehensive technology-driven approaches in maintaining information security.

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