Halcyon Financial Technology Achieves SOC2 Type 1 Compliance
SAN FRANCISCO (PRWEB) August 04, 2023 -- Halcyon Financial Technology, L.P. (HalcyonFT), has achieved SOC 2 Type 1 compliance. Pursuing SOC 2 is a voluntary initiative that demonstrates the company’s ongoing dedication and adherence to the industry’s highest security standards.
“Earning SOC 2 Type 1 certification is a significant achievement that reinforces HalcyonFT’s commitment to data safety and integrity,” said Founder and Managing Partner, Rodric O’Connor.
SOC 2, which stands for Systems and Organization Controls 2, was created by the American Institute of Certified Public Accountants (AICPA) in 2010. Considered the gold standard for data security, achieving SOC 2 indicates that a company is managing data securely and in a way that protects clients’ privacy.
HalcyonFT’s audit was conducted by Thoropass, a nationally recognized compliance firm registered with the Public Company Accounting Oversight Board. The audit verified that HalcyonFT’s information security practices, policies, procedures, and operations meet the rigorous SOC 2 Type 1 Trust Service Criteria for security.
“We have always prioritized our platform's security,” said Joe James, Partner and Director of Projects. “Having a third-party auditor verify our controls and award SOC 2 Type 1 certification validates that we are doing all the right things to protect our clients’ data.”
SOC 2 Type 1 assesses the design of security processes at a single point in time. SOC 2 Type 2 assesses the effectiveness of those controls by observing operations over a six-month period.
HalcyonFT has already begun the six-month observation period for SOC 2 Type 2 compliance. The firm expects to achieve that certification by the end of 2023.
Financial services organizations interested in reviewing HalcyonFT’s SOC reports or learning more about the company's security practices are encouraged to contact the company.
About Halcyon Financial Technology
Halcyon Financial Technology, L.P. (“HalcyonFT”), is an information technology services firm founded in 2010 by industry veteran Rodric O’Connor. Focused exclusively on serving financial services firms, HalcyonFT delivers outsourced IT solutions with a comprehensive understanding of industry trends, challenges, and expectations. HalcyonFT offers an unparalleled degree of professional IT service encompassing top-level strategic leadership from an award-winning CTO, along with the deep knowledge and focus of all staff in the specific requirements of the financial services industry. For more information, please visit http://www.halcyonft.com.
Steffany Hofmeister, Halcyon Financial Technology, https://www.halcyonft.com/, 1 628-226-8158, [email protected]
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