The Alternative Investment Platform Successfully Completes Audit as Part of its Ongoing Commitment to the Security and Confidentiality of Customer Data
RealBlocks, a white-label alternative investments technology platform that enables global distribution capabilities for fund managers, today announced its successful completion of the independent, exception-free SOC 2 Type II audit. RealBlocks accesses sensitive investor data and this certification confirms that RealBlocks’ internal security controls meet the highest standards for safeguarding client information.
“We’re extremely pleased to announce our SOC 2 Type II certification,” said Perrin Quarshie, RealBlocks’ Founder & CEO. “With data security as one of the top concerns for RealBlocks and our clients, we underwent this independent third-party audit to ensure their data is protected. This provides us with a competitive advantage as we continue to provide the best alternative investment experience for our clients globally,” he added.
The SOC 2 Type II certification is an audit developed by the American Institute of CPAs – RealBlocks has successfully completed the security audit. This audit conducted by licensed CPAs results in a final report that evaluates an organization’s stated data security policies and controls against its actual practices. There are two types of reports: Type I and Type II. A Type I report is an attestation of controls at a specific point in time, whereas the more rigorous Type II report is an attestation of controls over a period of time.
“With so many companies responsible for handling sensitive consumer data, information security is top of mind for everyone. And completing a SOC 2 Type II certification is the surest way to affirm you’re committed to it,” said Seth Stuart, Chief Architect & Head of Product at RealBlocks. “We believe all entities, especially those in technology, need to certify themselves in this way at a minimum, as bad actors become more sophisticated and breaches become more commonplace.”
RealBlocks’ clients can be confident that practices around their data have been audited by an independent third party, and any issues addressed. The company will undergo a SOC 2 audit on an annual basis going forward.
