As a part of Kraken’s dedication to shopper safety, we have now finished and handed an impartial auditor’s exam over inside controls as outlined via the American Institute of Qualified Public Accountants (“AICPA”) SOC 2, Kind I compliance usual.
We’d love to proportion information about this procedure and the way it serves our challenge to be probably the most protected crypto exchanges on this planet.
What’s SOC 2, Kind I?
SOC 2, Kind I is an impartial third-party auditor’s exam over inside controls centered at the safety and availability of techniques and information. The audit procedure is helping to make sure that Kraken has applied the vital controls to give protection to buyer knowledge and budget. AICPA conducts the exam primarily based by itself Consider Products and services Standards and based on its Code of Skilled Habits.
The AICPA’s Consider Products and services Standards consist of 5 classes:
- Processing integrity
Each and every class features a tough set of standards that organizations should meet, relying at the scope of the exam. The AICPA designed the factors to lend a hand organizations determine and deal with possible dangers and vulnerabilities of their data techniques. Organizations should additionally reveal that they have got applied suitable controls to give protection to their data techniques from unauthorized get entry to, use, or disclosure.
What does SOC2, Kind I imply for you?
For Kraken, the finishing touch of the SOC 2, Kind I exam demonstrates our dedication to safety and the safety of shopper knowledge and budget. Kraken completed its SOC 2, Kind I file inside the Safety and the Availability Consider Products and services Standards as outlined via AICPA. The file covers Kraken’s investment products and services and custody features.
We imagine that the auditor’s unqualified opinion demonstrated that Kraken had remarkable inside controls on safety and availability.
So, what does this imply for you?
It signifies that we provide evidence, no longer guarantees, about our world-class safety. In pleasurable the necessities for SOC 2, Kind I, we have now demonstrated that our safety practices meet international requirements. This exam permits us not to simply declare, however independently turn out that your protection and privateness at Kraken are paramount.
For Kraken, the dedication to opinions carried out via impartial auditors and different our bodies is a testomony to our unwavering dedication to demonstrating that our shoppers’ budget, NFTs, and privateness are protected.
“We proceed to stage up our safety, availability, privateness and agree with for our stakeholders. I’m extraordinarily happy with our crew at Kraken for attaining this milestone. The audit was once a big effort that spanned many months and was once cross-functional involving a couple of groups,” mentioned Koushik Subramanian, Director of Safety Possibility Control at Kraken.
Protected your crypto adventure
Kraken steadily explores avenues to validate the power of our safety program and dedication to an efficient inside keep watch over surroundings. The issuance of the SOC 2, Kind I opinion for Kraken’s custody and investment provider demonstrates our dedication to our shoppers’ privateness and safety.
Kraken stays devoted to the continued enhancement of our keep watch over program and deepening our investments within the leading edge security features that stay you secure. Our collaboration with impartial third-party assessors and auditors is helping validate our efforts for all to peer. We’re proud to be identified as a virtual asset platform this is dedicated to protective your monetary freedom.