New York, NY, September 20, 2017 – DemystData, a New York-based data software provider, today announced that it has completed the 2017 Type 2 SOC 2 examination. The company has undergone this examination for the past several years. The scope of this examination focused on Data Integration Technology Services and was related to Security and Confidentiality, as defined by the American Institute of CPAs (AICPA):
- Security – The system is protected against unauthorized access, use, or modification.
- Confidentiality – Information designated as confidential is protected as committed or agreed.
“At a time when the financial services sector is facing a growing number of security threats, it is crucial to have robust security measures in place,” said Brenden Grace, Chief Technology Officer of DemystData. “Maintaining the security of our customers’ data is our highest priority, and undergoing a SOC 2 reflects DemystData’s continuing commitment to adhering to the strongest compliance standards. The SOC 2 report also provides an additional level of confidence for the global banks and insurance providers that DemytData serves.”
The SOC 2 examination was performed by Schellman & Company LLC. DemystData’s Type 2 SOC 2 report is available upon request to DemystData customers and partners under NDA.
About Schellman & Company, LLC
Schellman & Company, LLC, formerly BrightLine, is a global provider of assurance and compliance services. As one of the only companies in the world fully accredited to provide a suite of services that includes SOC examinations, PCI DSS compliance validations and ISO 27001 certifications, Schellman offers clients a unique opportunity to achieve multiple compliance objectives through a single third party assessor. For more information, visit https://www.schellmanco.com.
DemystData is a software provider that helps financial institutions harness the explosive growth of data to serve more customers. Its cloud-based platform allows clients to explore and integrate new data more rapidly and gain a 360-degree view of data usage within their organizations. Financial institutions leverage DemystData’s software services to extend credit to new segments of customers, combat fraud, strengthen compliance, and reduce data management costs. DemystData has offices in New York, Singapore, and Hong Kong. For more information, visit https://www.demystdata.com.