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Crypto.com Completes SOC 2 Type II Compliance Audit

On August 23, Crypto.com, a Singapore-based cryptocurrency platform, announced that it had completed the Service Organization Control (SOC) 2 Type II Compliance audit.

Crypto.com Completes SOC 2 Type II Compliance Audit 4

According to a press statement issued by the crypto exchange, the audit conducted by Deloitte, a worldwide recognized auditing and consulting organization, reveals that Crypto.com adheres to the most strict criteria in terms of data privacy and data protection.

Deloitte validated that Crypto.com’s information security methods, policies, procedures, and operations are in accordance with the AICPA Trust Services Criteria for Security, Confidentiality, Processing Integrity, and Privacy.

The independent validation results show that the present internal controls have been successfully created, implemented, and operated to meet the standards of the sector’s most sophisticated security practice.

Crypto.com is currently experiencing financial difficulties as well as the operating system, leading to a decrease in customer confidence in the exchange.

Crypto.com Completes SOC 2 Type II Compliance Audit 5

The achievement of SOC 2 Type II Compliance is the most recent example of Crypto.com’s effort to acquire and retain its customers’ trust based on the company’s commitment to security. Crypto.com’s Chief Information Security Officer, Jason Lau, stated:

“Achieving SOC 2 Type II certification is yet another step in reinforcing Crypto.com’s continuous commitment to security and data privacy by design. 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.”

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Kris Marszalek, CEO of Crypto.com declared:

“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.”

The exchange completed a pre-registration agreement with the Ontario Securities Commission (OSC) in Canada last week, while the UK’s Financial Conduct Authority (FCA) granted its registration as a crypto asset business.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.