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Developed by the American Institute of Certified Public Accountants (AICPA), SOC 2 compliance is widely considered to be the gold standard for security, confidentiality, availability, privacy, and processing integrity
Moving Walls Group, the global outdoor advertising technology partner has announced that it has successfully attained System and Organization Controls 2 (SOC 2) Type II certification.
In accordance with the American Institute of Certified Public Accountants (AICPA), Moving Walls was awarded this gold standard for SOC for Service organizations also known as SSAE18. Achieving this standard with an unqualified opinion serves as third-party industry validation that Moving Walls provides enterprise-level security for customers’ data secured in its system.
To achieve this critical third-party assessment, Moving Walls underwent a rigorous independent audit performed by a certified public accountant (CPA) Prescient Assurance firm to ensure that security protocols and use of data meet the strict data security requirements. Prescient Assurance is a leader in security and compliance attestation for B2B, SAAS companies worldwide.
“Moving Walls SOC 2 certification demonstrates our commitment to vigorous information security and the implementation of controls, systems, and processes to protect sensitive customer information,” said Srikanth Ramachandran, Founder and Group CEO of Moving Walls. He added that this certification will provide the company’s clients and partners with added assurance around the secure and safe nature of its technology, including internal policies, procedures and infrastructure in line with the latest data security regulations.
SOC 2 is a reporting framework for service organizations, developed by the AICPA, that specifies how organizations should manage customer data, based on the following Trust Services Criteria: security, availability, processing integrity, confidentiality, and privacy.
“Achieving SOC 2 compliance means that Moving Walls existing and future clients can be confident that their data is being handled with the proper security, confidentiality and privacy controls,” added Pramod Pancha, Chief Technology Officer of Moving Walls Group. “Our successful SOC 2 audit shows investors, customers, and all stakeholders that the company is maintaining top security standards as we continue to grow.”
For more information on SOC 2 Type II certification, visit https://www.aicpa-cima.com/resources/landing/system-and-organization-controls-soc-suite-of-services