SOC is an internationally recognized auditing standard created by The American Institute of Certified Public Accountants (AICPA). The SOC 2 report provides a description of a service organization’s system and the suitability of design and operating effectiveness of the organization’s controls.The SOC 2 Type 2 report affirms that these organizational controls are both designed adequately and operating in an effective and secure manner.
During a rigorous period of examination, independent audit firm O’Connor Davies assessed controls in place at Socure and determined that these controls meet the AICPA’s Trust Services Principles.
This means that its system and controls adhere to applicable trust services criteria that banks and other large financial institutions demand for regulatory compliance and governance requirements. Enterprises requiring this same level of compliance from their technology vendors can put their confidence in Socure.
Contact your Socure representative, or email@example.com for more information on the SOC 2 report.
Socure is the leader in high-assurance digital identity verification. The company’s predictive analytics platform applies artificial intelligence and machine learning to trusted online/offline sources including email, phone, address, IP address, social media and traditional GLBA/DPPA data to authenticate identities in real-time. The Socure ID+ platform reduces fraud by up to 90 percent, lowers manual review/knowledge-based authentication (KBA) rates by as much as 80 percent, and automates Customer Identification Program (CIP), Know Your Customer (KYC) and anti-money laundering (AML) compliance initiatives.