Latest Breaking News On - Nd confidentiality the soc 2 type ii report provides assurance to clients that cobo 39s security measures are reliable and effective quot obtaining certification isa significant milestone for - Page 1 : comparemela.com
SINGAPORE, May 9, 2023 /PRNewswire/ Cobo, a leading global digital asset custody solutions provider, has achieved SOC 2 Type II certification, a widely recognized standard for data security and privacy. This achievement provided by Deloitte, a leading global provider of audit and related services, reflects the company's commitment to protecting its clients' assets and data. Previously in September 2022, Cobo achieved the SOC 2 Type I certification, which assesses the design of security processes at a specific point in time. The SOC 2 Type II certification assesses how effective those controls are over time by observing operations for six months. The certification was granted to Cobo after an extensive audit of Cobo's security policies, procedures, and controls over a period of several months by a third-party auditor, Deloitte. The audit concluded that the company meets the high standards set by the American Institute of Certified Public Accountants (AICPA). As part of the