MediaAlpha Achieves SOC 2 Type II Attestation
MediaAlpha, Inc. (NYSE: MAX), a top-tier marketing technology platform dedicated to enhancing customer acquisition in the insurance sector, has reached a significant milestone by obtaining SOC 2 Type II attestation without any deficiencies. This achievement underscores MediaAlpha's unwavering commitment to security and the protection of customer data.
Significance of SOC 2 Type II Attestation
SOC 2 Type II is widely respected across the U.S. as the benchmark for operational integrity and data protection. By achieving this certification with no discrepancies, MediaAlpha has affirmed that its systems and internal controls are aligned with the highest industry practices, assuring partners and clients alike of its robust data management practices.
Words from Leadership
Amy Yeh, MediaAlpha's Chief Technology Officer, expressed pride in the accomplishment, stating, "Our team's dedication to achieving SOC 2 Type II compliance without deficiencies reflects the strength of our security and privacy frameworks. Trust is essential in our business, and this milestone highlights our commitment to the integrity and resilience of our platform."
Enhancing Partnerships through Trust
With the endorsement of SOC 2 Type II attestation, MediaAlpha is uniquely positioned to assist insurance carriers in refining their customer acquisition strategies through effective data integrations. Many carriers wish to maximize the performance of their marketing campaigns while ensuring their data is shared within a secure, diligently audited environment. An example is already emerging, with a leading insurance provider opting for a deeper data integration following this attestation.
Invitation to Potential Partners
Current and prospective partners of MediaAlpha are encouraged to explore its Trust Center for further details on the SOC 2 Type II report, along with additional information regarding compliance. MediaAlpha values these partnerships and views this certification as a pathway to further collaboration and innovation.
A Foundation for Future Growth
Steve Yi, Co-Founder and CEO of MediaAlpha, added, "Trust is the essence of our operations. Securing SOC 2 Type II compliance is more than just compliance; it’s about nurturing stronger partnerships, unlocking new avenues, and reinforcing our technology to propel our growth journey further."
This recent achievement empowers MediaAlpha to deepen collaborations, broaden service offerings, and facilitate more personalized connections between consumers and essential services, including insurance.
About MediaAlpha
MediaAlpha prides itself on being a leader in programmatic customer acquisition within the insurance industry. With a network of over 1,200 active partners, they effectively link insurance carriers with online consumers. In a recent year, the company transacted nearly 119 million Consumer Referrals through its marketplace. Furthermore, it managed $1.9 billion in advertising expenditures across various digital platforms, including property & casualty, health, and life insurance sectors. For more detailed information, please visit MediaAlpha's official website.
Contact Information
For media inquiries, please contact: PR@mediaalpha.com
For investor relations, reach out at: Investors@mediaalpha.com
Frequently Asked Questions
What does SOC 2 Type II attestation entail?
SOC 2 Type II attestation involves a thorough review of an organization’s data security measures and operational integrity over a period, ensuring that it meets recognized standards without deficiencies.
Why is MediaAlpha's achievement significant?
This achievement demonstrates MediaAlpha's commitment to data security and operational excellence, enhancing trust with partners and customers in the insurance market.
How can partners access the SOC 2 Type II report?
Partners can explore the Trust Center on MediaAlpha's website to request access to the SOC 2 Type II report and associated compliance details.
What impact does this attestation have on MediaAlpha's operations?
Achieving SOC 2 Type II attestation positions MediaAlpha to improve customer acquisition strategies for insurance carriers, fostering deeper collaborations and innovative partnerships.
What services does MediaAlpha provide?
MediaAlpha serves as a programmatic customer acquisition platform, facilitating connections between insurance carriers and online consumers across various insurance sectors.
