Tether completes ‘gold standard’ security audit

Share via:


Tether has announced the successful completion of the System Organization Control (SOC) 2 Audit — the highest level of security compliance that an organization can demonstrate. The audit was developed by the American Institute of Certified Accountants (AICPA).

The audit underscored Tether’s commitment to offering a secure user experience, according to Paolo Ardoino, the CEO of Tether, who wrote in an April 1 announcement:

“This compliance measure assures our customers that their assets and data are managed in an environment meeting the highest standards for data protection and information security. This independent validation of security controls is vital for Tether, demonstrating our commitment to being the world’s most trusted and compliant stablecoin.”

Tether has committed to undergo annual SOC 2 examinations to ensure its security practices remain consistent with its standards.

The firm aims to achieve the SOC 2 Type 2 Certificate by the end of 2025, which assesses the effectiveness of Tether’s internal control over a period of 12 months.

Related: Tether boosts Bitcoin reserves with latest acquisition

This is a developing story, and further information will be added as it becomes available.


Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Tether completes ‘gold standard’ security audit


Tether has announced the successful completion of the System Organization Control (SOC) 2 Audit — the highest level of security compliance that an organization can demonstrate. The audit was developed by the American Institute of Certified Accountants (AICPA).

The audit underscored Tether’s commitment to offering a secure user experience, according to Paolo Ardoino, the CEO of Tether, who wrote in an April 1 announcement:

“This compliance measure assures our customers that their assets and data are managed in an environment meeting the highest standards for data protection and information security. This independent validation of security controls is vital for Tether, demonstrating our commitment to being the world’s most trusted and compliant stablecoin.”

Tether has committed to undergo annual SOC 2 examinations to ensure its security practices remain consistent with its standards.

The firm aims to achieve the SOC 2 Type 2 Certificate by the end of 2025, which assesses the effectiveness of Tether’s internal control over a period of 12 months.

Related: Tether boosts Bitcoin reserves with latest acquisition

This is a developing story, and further information will be added as it becomes available.


Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

IPO-Bound CarDekho Ropes In Neelesh Talathi As Group CFO

SUMMARY Talathi, a former CFO at Pepperfry, Mensa Brands...

Digit’s IPO Allotment Deferred Till May 21

SUMMARY The allotment of the public issue of the...

Alibaba adds $230m into Lazada’s coffers

The Chinese tech giant has poured a total...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!