Information security and privacy have been further fortified at Sumsub with the acquisition of a SOC 2 Type 1 report, emphasizing their unwavering dedication in this domain.
Sumsub Obtains SOC 2 Type 1 Report, Reinforcing Commitment to Information Security
Sumsub, a leading service provider in identity orchestration, has recently received a SOC 2 Type 1 report from BARR Advisory, P.A. This independent audit verifies that Sumsub has appropriately designed and implemented security controls to manage sensitive information securely.
The SOC 2 Type 1 report is a valuable assurance for companies processing customer information. It provides companies with the confidence that their measures for processing customer data are effective, as outlined by the American Institute of Certified Public Accountants (AICPA). The report assesses the design of security processes at a specific point in time, offering a snapshot of a company's security controls.
For Sumsub, the SOC 2 Type 1 report signifies that the company's controls related to data security, privacy, and other trust criteria are adequately designed and operational as of the audit date. This attestation demonstrates Sumsub's commitment to protecting customer data against unauthorized access, ensuring confidentiality, availability, processing integrity, and privacy according to industry-recognized standards.
The SOC 2 Type 1 report focuses on five Trust Service Criteria set by the AICPA: security, availability, processing integrity, confidentiality, and privacy. These criteria cover essential aspects of data protection, including controls to prevent unauthorized system access and data breaches (security), the protection of confidential data handled by Sumsub (confidentiality), the proper management of personal information (privacy), ensuring systems are reliable and data processing is accurate and authorized (availability and processing integrity), if included in scope.
By obtaining this report from a reputable firm like BARR Advisory, P.A., Sumsub enhances trust with customers and partners by validating its cybersecurity practices against these five Trust Service Criteria. This demonstrates a strong cybersecurity posture aligned with best practices for data protection.
Current or prospective Sumsub customers can request a copy of the SOC 2 Type 1 report by contacting the sales team via email. The report serves as a credible, independent proof point, signaling Sumsub’s designed commitment to securing and maintaining the privacy of customer data, which helps build customer confidence and supports regulatory and contractual compliance efforts.
While the SOC 2 Type 1 report does not yet attest to the effectiveness of those controls over time, it is an essential first step in demonstrating Sumsub's ongoing commitment to providing customers with the highest level of information security. The company is also eligible to pursue a SOC 2 Type 2 report in the future, which would assess the effectiveness of those controls over a specified period.
In conclusion, Sumsub's successful completion of the SOC 2 Type 1 examination reinforces the company's dedication to maintaining the highest standards of data security and privacy. This certification not only benefits Sumsub by enhancing its information security reputation but also saves clients time and money on auditing.
- Sumsub's commitment to information security extends beyond financial transactions, as demonstrated by their recently obtained SOC 2 Type 1 report, which also assures companies in their business dealings that Sumsub handles sensitive data with care, thanks to appropriate technology-driven security controls.
- With Sumsub's dedication to data security and privacy, underscored by the SOC 2 Type 1 report, they not only boost their business reputation but also equip their clients with peace of mind, knowing their information is securely managed in line with technological advancements and industry best practices.
