Merkle Science, the leading predictive Web3 risk and intelligence platform, has received SOC 2 Type 2 certification, validating its commitment to security and compliance in the corporate, government and fintech space. Security and compliance are important goals at Merkle Science. The SOC 2 Type 2 accreditation assures our customers and partners that our platform is secure, reliable and in line with industry standards. It reflects our commitment to operational transparency and accountability, as well as our commitment to protecting our customers' privacy. Sensiba San Filippo LLP, a Certified B Company, conducted the audit over a period of 8 months. Merkle Science is entrusted with the design and implementation of internal controls for all five trust services- Security, availability, processing integrity, confidentiality, and privacy as part of the certification.
Main Features of SOC 2 Type 2 Audit
The SOC 2 Type 2 certification, which builds on the SOC 2 Type 1 accreditation the company received in 2022, is a globally recognized security control standard. It requires an independent auditor to review a company's controls for at least six months to ensure they are designed and operating effectively to meet certification standards. The SOC 2 Type 2 audit examines how a provider of cloud-based services handles sensitive data.
It examines the adequacy of a company's controls as well as its operational effectiveness against five trust service principles. Earning this accreditation benefits crypto compliance firms by providing a strong security assurance, cost savings, brand protection, enhanced vendor management programs, internal corporate governance, and risk management oversight. Additionally, undergoing a SOC 2 audit helps an organization identify opportunities for improvements in their security and efficiency.
"We are proud to have achieved the SOC 2 Type 2 certification, which validates the effectiveness of our security controls and our commitment to the highest standards of security and compliance," said Nirmal AK, CTO of Merkle Science. "As the demand for blockchain transaction monitoring and predictive analytics grows in the enterprise, government, and fintech sectors, this certification will help us support our clients in achieving their compliance objectives and maintaining their trust in our platform."
Merkle Science is well positioned to continue its expansion into the blockchain market, providing its customers with the most secure and reliable transaction monitoring and predictive analytics platform thanks to its SOC 2 Type 2 accreditation. The company remains committed to staying one step ahead of the curve in security and compliance, and providing the best possible service to its customers.