Rival Systems, a leading provider of trading and risk management software, is pleased to announce it has successfully fulfilled SOC 2 Type II security compliance.

“The SOC 2 Type II compliance has been an important step for us and our clients,” said Rob D’Arco, Rival Systems CEO. “It further validates our commitment to providing customers with a secure and trusted system and gives us a great framework to continue to meet the highest standards as our technology and services evolve.”

Building on the previous completion of SOC 2 Type I compliance, Rival continued to work with IS Partners, LLC to complete the SOC 2 Type II examination.

The Auditing Standards Board of the American Institute of Certified Public Accountants (AICPA) developed the SOC (Service Organization Control) report to establish a benchmark criteria of worldwide industry standards and best practices for platform and data security processes.

The SOC 2 Type II report assesses the operating effectiveness of internal controls over a specific time period. SOC 2 Type II audits require a greater investment of both time and resources.

A copy of Rival Systems audit is available to clients and prospective clients on demand.