Nexo Cements User Data Security with SOC 3 Assessment and SOC 2 Audit Renewal
Jul 25•2 min read
July 25, 2024 – Nexo, the leading institution for digital assets, has reaffirmed its dedication to data security by renewing its SOC 2 Type 2 audit and passing a new SOC 3 Type 2 report with no exceptions. The company has even increased the audit scope by assessing additional Trust Service Criteria – Confidentiality. These milestones reinforce Nexo's commitment to protecting sensitive user information's privacy, demonstrating that data protection is a fundamental part of the company’s mission.
Nexo’s SOC 2 Type 2 audit and SOC 3 report were performed by A-LIGN – an independent auditor and trusted leader in security compliance audits with 20 years of experience. At the end of the examination which validated the stringent Trust Service Criterias of Security and Confidentiality, Nexo demonstrated flawless compliance of its systems with SOC 2 framework standards, with no exceptions noted.
Building on the success of Nexo's first SOC 2 Type 2 audit, shared a year ago, the reports reflect how the company safeguards customer data. SOC 2 is an auditing standard maintained by the American Institute of Certified Public Accountants (AICPA) to test an organization’s internal controls for security and privacy. Visit Nexo's blog for a detailed review of what SOC 2 and SOC 3 mean for client data security.
"Completing the gold standard in client data protection for the second consecutive year brings me great pride and a profound sense of responsibility,” said Milan Velev, Chief Information Security Officer at Nexo. “It is crucial for Nexo customers to have compliance peace of mind, knowing that we diligently adhere to security regulations and remain committed to annual SOC audits. These assessments provide further confidence that Nexo is their partner in the digital assets sector.”
Nexo has a substantial track record when it comes to operational integrity. The platform boasts the CCSS Level 3 Cryptocurrency Security Standard regarding asset storage, the renowned ISO 27001, ISO 27017 and ISO 27018 certifications, granted by RINA, and the CSA Security, Trust & Assurance Registry (STAR) Level 1 Certification.
About Nexo
Nexo is the world’s leading digital assets institution, dedicated to maximizing the value and utility of digital assets through a comprehensive suite of products, including advanced trading solutions, liquidity aggregation, and tax-efficient asset-backed credit lines. Since its inception, Nexo has processed over $130 billion for more than 7,000,000 satisfied users across more than 200 jurisdictions. For more information, visit nexo.com.
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