Terrapin Technologies Confirms Continued SOC 2 Type 2 Data Center Compliance

Company: https://assureprofessional.com/
Published: 07 July, 2018
DE PERE, Wis. - July 05, 2018 -- Terrapin Technologies, a data, software and consulting services provider for the financial services industry, has completed a Service Organization Controls (SOC) 2 Type 2 examination, confirming the company’s continued compliance. The examination was performed by Assure Professional - a leading cybersecurity, assurance and compliance solutions provider. Terrapin Technologies’ broker-dealer data management system remains in compliance with SOC 2 Type 2 controls, by the standards established by the American Institute of Certified Public Accountants (AICPA.)

“Terrapin’s continued commitment to security and processes shows their desire to maintain the highest level of customer care and provide the highest level of service.” said William Holman, Assure Professional Audit and Accounting Partner.

SOC 2 Type 2 is an authoritative standard created specifically to measure and test data security for technology and cloud computing service providers. Compliance is determined through a rigorous, third-party analysis that can include the five Trust Services Principles (TSP): security, availability, processing integrity, confidentiality and privacy. Over a period of six months to a year, an independent auditor reviews the structure and operational soundness of a service organization’s controls, specific to IT and data center service providers. The audit accounts for the system of the data center, and the suitability of its design of controls, as reported by the company, as well as verification of an auditor’s opinion on the operating effectiveness of the controls.

Terrapin Technologies successfully performed the SOC 2 Type 2 audit against security and availability, demonstrating their systems are protected against unauthorized access consistently over time.

Recognized as a leading technology solutions provider in the financial services industry, Terrapin Technologies provides data, software, and consulting solutions for leading broker-dealers nationwide. Specializing in areas of data aggregation, reporting, compensation and more, Terrapin Technologies offers a complete data hub with enterprise-wide services.

About Assure Professional
Assure Professional, a leading cybersecurity, assurance and compliance solutions provider, specializes in providing due diligence, private equity, and accounting services as well as compliance related engagement programs including, SOC 1 (formerly SSAE 16) Audits, SOC 2 + HITRUST Audits, SOC Readiness Assessments, SOC for Cybersecurity, SOC for Vendor Supply Chain, ISO 27001 Assessments and HIPAA/HITECH Assessments. The firm’s leadership team has nearly 70 years of combined business management, operations and related information technology (IT) experience. Headquartered in De Pere, Wisconsin, Assure Professional has implemented business and technology best practices for companies across a variety of industries in US states, as well as Canada, South America, and several European countries.

About Terrapin Technologies
Terrapin Technologies is a premier provider of data, software, and consulting solutions for leading broker-dealers in the financial services industry. Using Pandia - an industry compliant, integrated, modular-based SaaS solution - Terrapin Technologies delivers a complete data hub with enterprise-wide services including: data aggregation, reporting, compensation, compliance and more. Headquartered in Minneapolis, Minnesota, Terrapin Technologies has developed and implemented innovative programs for top companies nationwide for more than 25 years.