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.
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