Neoflow Enhances Data Security with SOC 2 Type 2 Renewal
Neoflow Successfully Renews SOC 2 Type 2 Certification
Neoflow, a leading energy technology company based in Calgary, has achieved a significant milestone by renewing its SOC 2 Type II certification. This certification aligns with standards set by the American Institute of Certified Public Accountants (AICPA), also known as the SSAE 18. The renewal confirms Neoflow's commitment to maintaining stringent security practices to protect customer data.
Importance of SOC 2 Type 2 Compliance
The SOC 2 Type II compliance is an essential validation process conducted by an independent third party, Prescient Assurance. This thorough audit evaluates Neoflow's controls over critical areas such as security, availability, confidentiality, processing integrity, and privacy. These aspects are vital for enterprises to ensure they meet industry standards and protect sensitive information effectively.
Ongoing Commitment to Security
Neoflow’s approach to security includes leveraging Drata, a leading compliance automation platform. This partnership enables Neoflow to continuously monitor internal security measures, ensuring a robust compliance posture across the organization. The integration of Drata allows for real-time visibility and reassurance regarding the security of systems and data.
Leadership Voices on Achieving Compliance
Patrick Mandic, the Chief Technical Officer at Neoflow, stated, "Safeguarding our customers' data is at the forefront of our priorities. Receiving confirmation of our continued SOC 2 Type II compliance underscores our dedication to upholding the highest security standards in our services."
Jim Oosterbaan, the Chief Executive Officer, expressed his gratitude, saying, "This achievement instills confidence in our clients about the protection of their data, as it adheres to strict industry protocols. We look forward to the operational rollout of the Neoflow platform later this year."
The Innovative Neoflow Platform
Neoflow is also developing an innovative platform supported by the U.S. Department of Homeland Security (DHS) under their Silicon Valley Innovation Program. The platform aims to enhance the logistics of oil and gas transportation between Canada and the U.S., utilizing state-of-the-art technologies including Verifiable Credentials, decentralized identifiers, and distributed ledger technology (DLT).
About Neoflow
Founded by a team of digital innovators and energy industry professionals, Neoflow is committed to transforming the energy sector through technological advancements. The company believes that the Neoflow platform will significantly impact the energy value chain, opening new avenues for efficiency and security in the industry.
Frequently Asked Questions
What is SOC 2 Type II certification?
SOC 2 Type II certification is a standard that ensures service organizations manage customer data securely to protect the interests of the organization and the privacy of its clients.
Why is Neoflow's certification important?
This certification demonstrates Neoflow's ongoing commitment to high standards of data protection, critical for maintaining client trust and compliance with legal requirements.
How does Drata improve Neoflow's security compliance?
Drata provides continuous monitoring of internal security controls, allowing Neoflow to maintain compliance and proactively address any potential security vulnerabilities.
Who conducted the SOC 2 Type II audit for Neoflow?
The audit was conducted by Prescient Assurance, an independent organization specializing in compliance attestation for technology companies.
What innovations does Neoflow's platform offer?
The platform leverages advanced technologies to modernize oil and gas transportation logistics, focusing on security and efficiency through cutting-edge solutions.
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