How Custodia’s SOC 2 Type II and ISO 27001 certifications enhance data security

How Custodia's SOC 2 Type II and ISO 27001 certifications enhance data security

The imperative nature of data security and regulatory compliance in regulated industries cannot be overstated. For organisations handling sensitive information, the pursuit of robust security measures and compliance with stringent standards is non-negotiable.

Custodia’s cloud-based service, CC1, epitomises a secure platform that not only simplifies compliance but also facilitates data-driven decision-making. This is underpinned by its recent recertification in SOC 2 Type II and ISO 27001 standards.

On May 13, 2024, independent auditor Prescient Assurance granted Custodia an unqualified opinion attestation for SOC 2 Type II, symbolising a paramount achievement in security assurance.

Delving into the specifics, the SOC 2 Type II certification, designed by the American Institute of Certified Public Accountants (AICPA), assesses the effectiveness of a system’s security controls over a minimum six-month period. Custodia demonstrated not only the establishment of robust controls but also their operational effectiveness, culminating in a successful audit by a certified public accountant (CPA).

Similarly, the ISO 27001 certification represents a global benchmark for information security management systems (ISMS). Custodia’s attainment of this certification followed a rigorous process of risk assessment, mitigation, and continuous improvement, culminating in both internal and external validations of its security practices.

These certifications are not just plaques on the wall; they play a pivotal role in enhancing trust among stakeholders in highly regulated sectors such as finance, insurance, healthcare, and energy. By aligning with SOC 2 Type II and ISO 27001 standards, Custodia assures its clients that their data is managed securely and in compliance with the highest industry standards, thereby reducing potential risks and improving overall data management practices.

Custodia’s reaffirmation as a leader in RegTech, through its unqualified SOC 2 Type II attestation and ISO 27001 certification, reinforces CC1 as the preferred solution for organisations that prioritise data security and efficient compliance.

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