TL;DR Breakdown
- Nexo, a digital assets institution, successfully completes an independent Type 2 SOC 2 audit, demonstrating its commitment to client data security and trust.
- The audit, conducted by A-LIGN, confirms Nexo’s adherence to stringent global data privacy and protection regulations.
- Nexo’s achievement reinforces its position as a trusted institution, prioritizing security and transparency for its rapidly expanding international clientele.
Description
Nexo, a prominent digital assets institution, has achieved a significant milestone by successfully completing an independent Type 2 SOC 2 audit. This accomplishment underscores Nexo’s dedication to maintaining robust client data security and delivering a secure experience for its rapidly expanding international clientele. The comprehensive SOC 2 audit, conducted by A-LIGN, a trusted technology-enabled security … Read more
Nexo, a prominent digital assets institution, has achieved a significant milestone by successfully completing an independent Type 2 SOC 2 audit. This accomplishment underscores Nexo’s dedication to maintaining robust client data security and delivering a secure experience for its rapidly expanding international clientele.
The comprehensive SOC 2 audit, conducted by A-LIGN, a trusted technology-enabled security and compliance partner, involved a thorough examination of Nexo’s infrastructure, software, personnel, policies, procedures, and operations. The rigorous assessment confirms that Nexo’s processes adhere to the most stringent global data privacy and protection regulations.
The SOC 2 examination, established by the American Institute of Certified Public Accountants (AICPA), is recognized worldwide as a benchmark for compliance within the financial service industry. It signifies Nexo’s commitment to demonstrating transparency and ensuring the highest level of trust and security for its clients.
Nexo’s Co-Founder and Managing Partner, Antoni Trenchev, highlighted the company’s unwavering commitment to data protection, stating:
“We at Nexo believe that trust isn’t merely declared, it’s demonstrated, earned over time, and validated by impartial third parties. Security cannot be a mere claim; it must be substantiated. Thus, as we traverse this digital frontier for more than five years now, we have a fiduciary duty and an unwavering commitment to ensuring the protection of our clients’ data and their holdings on our platform. There is no room for complacency when it comes to safeguarding the assets and interests of those who place their trust in our hands.”
Upholding security and encouraging innovation
Since its establishment in 2018, Nexo has prioritized the highest level of security and transparency for its customers’ assets. The company’s commitment to security influences every decision it makes and shapes the services it offers. By partnering with leading custody authorities and pioneering real-time attestations in 2021, Nexo consistently delivers innovative solutions that comply with regulatory standards while emphasizing security.
Nexo’s security infrastructure aligns with the stringent standards of traditional financial institutions. It incorporates state-of-the-art technologies, such as advanced identity verification, 256-bit SSL encryption, and adherence to the CCSS Level 3 and ISO/IEC 27001 standards. These measures form part of a comprehensive suite of security features designed to protect client data. The recent SOC 2 certification further reinforces Nexo’s commitment to maintaining a secure environment while proactively addressing emerging threats.
Scott Price, CEO of A-LIGN, commented on Nexo’s achievement, saying:
“Nexo’s successful attainment of SOC 2 attestation is a significant accomplishment, highlighting their unwavering commitment to the security and privacy requirements of their clients. Market leaders like Nexo recognize the importance of automation software and experience coming together to produce an efficient, high-quality audit report and streamline the audit process.”
A-LIGN, recognized for its expertise in the field, has received multiple accolades from the Global InfoSec Awards, a prestigious cybersecurity award ceremony. This further validates the credibility and professionalism of A-LIGN in assessing and enhancing data security practices.