“Our company applauds Terrapin Technologies for showing its commitment to their clients by meeting SOC 2 Type II standards for data security.” - William Holman, Assure Professional Audit & Accounting Partner.
DE PERE, Wis. (PRWEB) December 05, 2017
Terrapin Technologies, a data, software and consulting services provider for the financial services industry, has successfully completed a Service Organization Controls (SOC) 2 Type II examination, performed by Assure Professional - a leading cybersecurity, assurance and compliance solutions provider. Terrapin Technologies’ broker-dealer data management system is SOC 2 Type II compliant, by the standards established by the American Institute of Certified Public Accountants (AICPA).
“Our company applauds Terrapin Technologies for showing its commitment to their clients by meeting SOC 2 Type II standards for data security,” said William Holman, Assure Professional Audit & Accounting Partner.
Created for entities operating in the booming technology and cloud computing sector, SOC 2 Type II compliance has become the gold standard in data security compliance. In pursuit of this industry-leading certification, organizations undergo a rigorous analysis that can include the five Trust Services Principles (TSP): security, availability, processing integrity, confidentiality and privacy.
SOC 2 Type II compliance is determined by tests and reports conducted by an independent auditor, on the structure and operational soundness of a service organization’s controls, over a period of six months to a year. The review is specific to IT and data center service providers. The audit accounts for the system of the data center, and the suitability of its design of controls, as reported by the company. The audit also includes verification of an auditor’s opinion on the operating effectiveness of the controls.
Terrapin Technologies successfully performed the SOC 2 Type II audit against security and availability, proving they are taking appropriate measures to assure its systems are protected against unauthorized access. The comprehensive report examines multiple controls over the security and availability of its hosting services.
“Assure Professional has been a great partner for Terrapin Technologies,” said Kristefor Lysne, owner and president of Terrapin Technologies. “Their level of service is exceptional, as is their expertise in SOC compliance."
Recognized as a leading technology solutions provider in the financial services industry, Terrapin Technologies provides data, software, and consulting solutions for leading broker-dealers nationwide. Specializing in areas of data aggregation, reporting, compensation and more, Terrapin Technologies offers a complete data hub with enterprise-wide services.
About Assure Professional
Assure Professional, a leading cybersecurity, assurance and compliance solutions provider, specializes in providing due diligence, private equity, and accounting services as well as compliance related engagement programs including, SOC 1 (formerly SSAE 16) Audits, SOC 2 + HITRUST Audits, SOC Readiness Assessments, SOC for Cybersecurity, SOC for Vendor Supply Chain, ISO 27001 Assessments and HIPAA/HITECH Assessments. The firm’s leadership team has nearly 70 years of combined business management, operations and related information technology (IT) experience. Headquartered in De Pere, Wisconsin, Assure Professional has implemented business and technology best practices for companies across a variety of industries in US states, as well as Canada, South America, and several European countries. Visit http://www.assureprofessional.com. Assure Professional Social: Facebook, Twitter @assurepro, LinkedIn.
About Terrapin Technologies
Terrapin Technologies is a premier provider of data, software, and consulting solutions for leading broker-dealers in the financial services industry. Using Pandia - an industry compliant, integrated, modular-based SaaS solution - Terrapin Technologies delivers a complete data hub with enterprise-wide services including: data aggregation, reporting, compensation, compliance and more. Headquartered in Minneapolis, Minnesota, Terrapin Technologies has developed and implemented innovative programs for top companies nationwide for more than 25 years. Visit http://www.terrapintech.com. Terrapin Technologies Social: Facebook, Google+, LinkedIn.