Crypto.com Completed the SOC 2 Type II Compliance Audit, Carried by Deloitte

<p>Crypto.com announced it has completed the compliance audit for Service Organization Control (SOC) 2 Type II. The audit was independently carried out by Deloitte.</p><p>SOC Type 2 as opposed to SOC Type 1 includes a long-term analysis of the company’s security, design and safeguards over an extended period of time.</p><p>It also provides assurance to both existing and future customers that their data is safe.</p><p>On 17 August 2022, Crypto.com announced it gained <a href=”https://www.financemagnates.com/cryptocurrency/news/cryptocom-secures-regulatory-approval-from-fca/” target=”_blank”>approval from the FCA</a> to operate as a cryptoasset business. The approval allows the company to offer its products and services to UK customers.</p><p>Officials’ Remarks</p><p>Kris Marszalek, the CEO of Crypto.com, was pleased with the audit: “I am extremely proud of our commitment to <a href=”https://www.financemagnates.com/terms/c/compliance/” target=”_blank” id=”569f58ee-534c-44f0-a7cd-f55b0f9a2b2a_2″ class=”terms__main-term”>compliance</a>, and this latest achievement is a testament to our security, privacy, and regulatory compliance capabilities which have been cornerstones of our business since day one.</p><p>“We will continue investing aggressively in building a most trusted platform for our users that maintains the highest standards of security and privacy in the industry.”</p><p>Jason Lau, the Chief Information Security Officer at Crypto.com, added: “Achieving SOC 2 Type II certification is yet another step in reinforcing Crypto.com’s continuous commitment to security and data privacy by design.</p><p>“With the ever-evolving threat landscape, we will continue to ensure we maintain the highest level of security and data privacy so our customers can feel confident and trust our products.</p><p>”SOC 2 is an internationally respected security assessment criteria, and in line with highly regulated industries like the financial sector.”</p><p>Crypto.com is the first virtual asset service provider to be certified for ISO 22301:2019, ISO/IEC 27701:2019, ISO/IEC 27001:2013 and PCI-DSS v3.2.1 Level 1 compliance.</p><p>Furthermore, the company is assessed as Tier 4, which is the highest level for both NIST <a href=”https://www.financemagnates.com/terms/c/cybersecurity/” target=”_blank” id=”d5b7f88f-89b3-4477-a0d2-c6eae7833df9_1″ class=”terms__secondary-term”>Cybersecurity</a> and Privacy Frameworks.</p>

This article was written by Matti Williamson at www.financemagnates.com.