CHICAGO, July 28, 2020 /PRNewswire-PRWeb/ -- Backstop Solutions Group, a leading cloud-based productivity suite for institutional and alternative investors, today announced that it has successfully completed System and Organization Controls (SOC) 2 Type II certification, following examination by an independent auditor. This achievement demonstrates Backstop's continued dedication to upholding the highest standards of information security and helping clients in the institutional and alternative investment space meet their own regulatory compliance obligations with confidence and ease.
"SOC 2 Type II certification is the trusted industry standard for data security, compliance and availability," said Michael Neuman, VP, Information Security at Backstop. "Achieving this milestone is a testament to Backstop's ongoing commitment to keeping clients' information safe, secure and accessible. Furthermore, the third-party validation it confers is key for our clients in upholding their own regulatory obligations. In a highly regulated industry such as ours, it's critical that we're able to stand up to the most rigorous and stringent of security standards."
Developed by the American Institute of Certified Public Accountants (AICPA), SOC 2 Type II certification requires well-documented and comprehensive processes and procedures, an internal review and audit, and a multi-month external review. Its completion augments and validates Backstop's already diligent security program, which includes annual security awareness training for all employees and contractors, annual third-party penetration testing and a security infrastructure and operations center led by a dedicated vice president of information security.
"Achieving SOC 2 Type II certification certainly strengthens our value proposition," added Clint Coghill, CEO of Backstop. "Not everyone in our space has undertaken the effort to provide this level of information security reassurance. Our mission is to help our clients make the most of every minute, and the less time they have to spend worrying about the security of their data, the more they can spend on their core business."
For more information, visit https://www.backstopsolutions.com/.
About Backstop Solutions Group, LLC
Backstop's mission is to help the institutional investment industry use time to its fullest potential. We develop technology to simplify and streamline otherwise time- consuming tasks and processes, enabling our clients to quickly and easily access, share, and manage the knowledge that is critical to their day-to-day business success. Backstop provides its industry-leading cloud-based productivity suite to investment consultants, pensions, funds of funds, family offices, endowments, foundations, private equity, hedge funds, and real estate investment firms.
SOURCE Backstop Solutions Group