Coinfirm is thrilled to announce that it has achieved the prestigious Service Organization Control 2 (SOC2) Type 1 compliance as certified by independent auditor Kost Forer Gabbay & Kasierer a member of Ernst & Young Global Limited. The completion of SOC 2 Type 1 demonstrates Coinfirm’s compliance with the highest international standards for protecting customer data and its commitment to privacy, security, and availability while implementing internal software development processes and practices that meet all required levels of oversight and monitoring.
“We are very pleased to have achieved this important compliance, which demonstrates our continued dedication to providing the highest level of security, availability, and privacy for our customers,” said Dr. Mircea Mihaescu, CEO of Coinfirm. “Data security and privacy have been at the heart of our mission since day one at Coinfirm. Achieving SOC2 compliance is a testament to our commitment to meet and exceed industry standards and provide world-class protection for our customer’s data.”
The importance of achieving SOC2 compliance cannot be understated in today’s digital environment, where customer data protection and privacy must be taken seriously. Companies must adhere to stringent policies that govern how they collect, use, store and protect customer data — something which Coinfirm takes great pride in executing on an ongoing basis.
Coinfirm Analytics Platform is a market solution due to its sophisticated algorithms that allow companies to detect suspicious transactions quickly while also remaining compliant with applicable laws and regulations such as KYC/AML requirements. With SOC2 certification under its belt, Coinfirm can now go even further in ensuring robust security measures are maintained across all its products and services, something that customers have come to expect from a leading financial services provider like Coinfirm.
"Achieving SOC2 compliance has long been our goal," said Dr. Mihaescu. "It shows we are serious about safeguarding customer data and information while at the same time developing innovative products powered by blockchain technology."
