SOC 2 completion
Truth Technologies, a provider of anti-money laundering, anti-fraud, customer identification, and compliance products and services, recently announced the successful completion of their 2023 SOC 2 Type 2 examination. The achievement reflects their long-standing commitment to data security while allowing them to meet industry standards.
Since Truth Technologies founding in 1996, the company has maintained compliance. “Truth Technologies, Inc., is committed to maintaining strict security measures to keep our clients’ data safe and secure,” explained Kara Knight, Director of Administration at Truth Technologies. “We pride ourselves on ensuring that each customer gets as much out of our solutions as possible. [While] our customers find the certification important, we also maintain these standards to ensure data security and maintain the highest possible service for our customers,” Knight continued.
What is SOC 2?
SOC 2, which stands for Service Organization Control 2. This is a type of audit and compliance framework designed for service organizations. It is used to demonstrate their commitment to security, availability, processing integrity, confidentiality, and privacy of customer data.
SOC 2 is a widely recognized standard used to assess and report on the controls and safeguards in place to protect sensitive information. Customers, partners, and other stakeholders often request SOC 2 reports to ensure that service providers are managing data securely.
Truth Technologies was audited against the AICPA Trust Services Criteria for Security and Confidentiality. The examination ensured the design of the company’s controls at a point in time. The effort was completed by the professional and independent third-party audit firm, 360 Advanced, Inc.
About Truth Technologies
Truth Technologies, Inc. (TTI) is a company that specializes in offering a wide range of products and services related to anti-money laundering (AML), anti-fraud, customer identification, and compliance in the financial industry. TTI was established by a dedicated team of professionals with backgrounds in both the financial sector and information technology. Their primary mission is to combat the alarming growth of financial fraud by providing effective tools and solutions to organizations.
One of the key offerings from Truth Technologies is their software, which is designed to assist organizations in preventing financial crimes such as money laundering and fraud. The software includes features and functionalities that help businesses adhere to important regulations like the Bank Secrecy Act (BSA) and Anti-Money Laundering/Know Your Customer (AML/KYC) requirements. Software offerings include the Sentinel and SCP applications.
In a world where financial fraud and illegal activities continue to pose significant threats, companies like Truth Technologies play a crucial role in helping businesses protect themselves and adhere to legal and regulatory standards. Visit Truth Technologies‘ for more information and to schedule a demo with one of our team members.