SAN DIEGO, CALIF., July 9, 2024 – FMG, an industry-leading SaaS firm specializing in advertising software program and companies for monetary advisors and insurance coverage brokers, is proud to announce it has obtained its Service Group Controls (SOC) 2 Kind 1 certification, taking a serious step ahead in its knowledge and system safety. cybersecurity.
SOC 2 certification validates an organization’s cybersecurity controls at a particular cut-off date, with the important goal of:
- Confirming the adequacy of insurance policies, procedures, and controls to guard the integrity of Firm and Buyer knowledge.
- Assessing the design and sufficiency of associated methods, instruments, and techniques to help such insurance policies and procedures.
- Controling and optimizing knowledge privateness and safety efforts whereas figuring out alternatives for enhancement and enchancment in any of those areas.
To obtain certification, service organizations have to be in compliance with all SOC 2 belief ideas related to their group. The SOC 2 belief ideas embody:
- Safety: This precept ensures the safety of system assets in opposition to unauthorized entry, use, disclosure, disruption, modification, or destruction. It covers measures to stop knowledge breaches, cyberattacks, and different safety incidents.
- Availability: This precept focuses on making certain that methods, functions, and knowledge are accessible to approved customers when wanted. It includes measures to make sure system uptime, catastrophe restoration plans, and enterprise continuity methods.
- Processing Integrity: This precept safeguards the accuracy, completeness, and timeliness of information throughout processing, storage, and transmission. It ensures that knowledge isn’t altered or manipulated in an unauthorized manner.
- Confidentiality: This precept focuses on defending the confidentiality of delicate consumer data. It includes measures to limit entry to knowledge solely to approved personnel and forestall unauthorized disclosure.
- Privateness: This precept focuses on defending the privateness of consumer knowledge and adhering to related knowledge privateness laws. It includes measures to handle and management the gathering, use, disclosure, and disposal of private data.
“Over the course of the previous twelve months, FMG has up to date its IS insurance policies and processes and enhanced a lot of key inside controls governing knowledge safety,” stated Dave Christensen, FMG’s Chief Product and Expertise Officer. “After a rigorous audit of all these parts, we’re happy to have obtained a Kind 1 report validating these efforts.”
Many companies now require SOC 2 certification as a threshold for doing enterprise. Given this ever-increasing demand for air-tight Data Safety within the cloud-based digital advertising house FMG occupies, FMG’s SOC 2 Kind 1 certification marks a big step ahead in its evolution as an industry-leading digital advertising powerhouse.
“Certification supplies reassurance to current prospects that their delicate enterprise knowledge is protected with us,” stated Susan Theder, FMG’s Chief Advertising and Expertise Officer. “Plus, it provides potential prospects the boldness essential to do enterprise with us, increasing our record of potential enterprise companions.”
As well as, FMG is on tempo to realize Kind 2 certification imminently and views its Kind 1 certification as not solely validation of its InfoSec controls however a robust signal of ongoing knowledge safety rigor, which is of paramount significance to the closely regulated and cybersecurity-conscious monetary companies and insurance coverage industries.
About FMG
Based in 2011, FMG is a SaaS firm specializing in all-in-one advertising software program and companies for the wealth administration {industry} and serves greater than 40,000 monetary advisors and insurance coverage brokers. FMG supplies web sites, e mail and social media instruments, multimedia content material, and extra, with the purpose of creating it simple for customers to construct their manufacturers, keep in contact with purchasers, and develop their companies. FMG has relationships with the main impartial broker-dealer networks and integrations with a number of extensively used wealthtech platforms.
About SOC 2
Outlined by The American Institute of Licensed Public Accountants (AICPA), a System and Group Controls (SOC 2) examination is a report on controls at a service group related to safety, availability, processing integrity, confidentiality, or privateness. SOC 2 reviews are meant to fulfill the wants of a broad vary of customers that want detailed data and assurance in regards to the controls at a service group related to safety, availability, and processing integrity of the methods the service group makes use of to course of customers’ knowledge and the confidentiality and privateness of the knowledge processed by these methods.
