SAN DIEGO, CALIF., July 9, 2024 – FMG, an industry-leading SaaS firm specializing in advertising software program and providers for monetary advisors and insurance coverage brokers, is proud to announce it has obtained its Service Group Controls (SOC) 2 Sort 1 certification, taking a significant step ahead in its information and system safety. cybersecurity.
SOC 2 certification validates an organization’s cybersecurity controls at a selected time limit, with the essential function of:
- Confirming the adequacy of insurance policies, procedures, and controls to guard the integrity of Firm and Buyer information.
- Assessing the design and sufficiency of associated techniques, instruments, and techniques to help such insurance policies and procedures.
- Controling and optimizing information privateness and safety efforts whereas figuring out alternatives for enhancement and enchancment in any of those areas.
To obtain certification, service organizations should be in compliance with all SOC 2 belief rules related to their group. The SOC 2 belief rules 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 information breaches, cyberattacks, and different safety incidents.
- Availability: This precept focuses on guaranteeing that techniques, functions, and information are accessible to licensed customers when wanted. It entails 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 information shouldn’t be altered or manipulated in an unauthorized means.
- Confidentiality: This precept focuses on defending the confidentiality of delicate consumer info. It entails measures to limit entry to information solely to licensed personnel and forestall unauthorized disclosure.
- Privateness: This precept focuses on defending the privateness of consumer information and adhering to related information privateness rules. It entails measures to handle and management the gathering, use, disclosure, and disposal of private info.
“Over the course of the previous twelve months, FMG has up to date its IS insurance policies and processes and enhanced quite a few key inside controls governing information safety,” mentioned Dave Christensen, FMG’s Chief Product and Expertise Officer. “After a rigorous audit of all these components, we’re happy to have obtained a Sort 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 Info Safety within the cloud-based digital advertising house FMG occupies, FMG’s SOC 2 Sort 1 certification marks a major step ahead in its evolution as an industry-leading digital advertising powerhouse.
“Certification offers reassurance to current clients that their delicate enterprise information is secure with us,” mentioned Susan Theder, FMG’s Chief Advertising and marketing and Expertise Officer. “Plus, it provides potential clients the boldness essential to do enterprise with us, increasing our record of potential enterprise companions.”
As well as, FMG is on tempo to realize Sort 2 certification imminently and views its Sort 1 certification as not solely validation of its InfoSec controls however a powerful signal of ongoing information safety rigor, which is of paramount significance to the closely regulated and cybersecurity-conscious monetary providers and insurance coverage industries.
About FMG
Based in 2011, FMG is a SaaS firm specializing in all-in-one advertising software program and providers for the wealth administration {industry} and serves greater than 40,000 monetary advisors and insurance coverage brokers. FMG offers web sites, electronic mail and social media instruments, multimedia content material, and extra, with the purpose of creating it straightforward for customers to construct their manufacturers, keep in contact with purchasers, and develop their companies. FMG has relationships with the main unbiased broker-dealer networks and integrations with a number of broadly 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 supposed to fulfill the wants of a broad vary of customers that want detailed info and assurance in regards to the controls at a service group related to safety, availability, and processing integrity of the techniques the service group makes use of to course of customers’ information and the confidentiality and privateness of the knowledge processed by these techniques.
