Celebrating Our SOC II Type 1 Examination: Raising the Bar in Community Banking Services
We at adPharos are thrilled to announce that we have completed our Service Organization Control (SOC) II Type 1 examination audit. This significant milestone marks our commitment to robust data security and operational efficiency and underlines our dedication to serving community banks with the highest standards.
What is a SOC II Type 1 Audit and Why Does It Matter?
A SOC II Type 1 audit evaluates a service organization’s systems to ensure they meet the criteria for five trust service principles: security, availability, processing integrity, confidentiality, and privacy.
For vendors who service community banks, obtaining a SOC II Type 1 examination audit is critical. It signifies that the vendor adheres to the stringent industry standards for managing customer data, thus building trust with their clients. Furthermore, a SOC II Type 1 audit offers valuable insights into the service organization’s operations and internal controls, ensuring they are designed appropriately and effectively.
Aligning With Regulatory Guidance
Our SOC II Type 1 completion aligns well with the regulatory guidelines outlined by the Office of the Comptroller of the Currency (OCC). As noted in their recent bulletin 2023-17, the OCC emphasizes the need for banks to use third-party service providers that uphold rigorous security controls and processes.
In line with this guidance, our SOC II Type 1 audit completion ensures we meet and exceed industry standards. This audit certification empowers our community bank clients to feel confident in our commitment to providing the highest security, confidentiality, and integrity in our operations.
As we celebrate this milestone, we want to take a moment to thank our team, partners, and clients. Your trust and support have been instrumental in reaching this landmark achievement. Completing the SOC II Type 1 audit signifies a new chapter in our ongoing journey to deliver unparalleled service to community banks.
At adPharos, we’re not stopping here. We remain steadfast in our commitment to continuous improvement, security, and operational excellence. This certification underscores our promise to you – ensuring the safety and security of your data and operations and, ultimately, helping your community bank flourish.