During a rigorous period of examination, independent audit firm Crowe FST Audit Ltd Hungary assessed the controls in place at InnoValor and determined that these controls meet the AICPA’s Trust Services Principles for Security, Availability, Confidentiality, Processing Integrity, and Privacy. The audit was conducted in parallel with the eIDAS, ISO27001 and ISO 27701 audits performed by TUV Trust IT.
Developed by the American Institute of Certified Public Accountants (AICPA), SOC 2 is widely recognized as a gold standard for data security and requires companies to establish and follow strict information security policies and procedures. This means that InnoValor’s security system and controls adhere to applicable trust services criteria that customers demand for regulatory compliance and that need detailed information and assurance about the specific controls in place. The assurance is important for InnoValor as well as its customers as the ReadID software product of InnoValor securely handles large amounts of personal data. Customers need to be able to trust InnoValor to do so with utmost care.
Customers can use the SOC2 type 2 report to assure that InnoValor has significant processes and security measures in place to protect user data and privacy, according to Bob Hulsebosch, compliance officer at InnoValor. InnoValor is also ISO 27001, ISO 27701 and eIDAS certified, testamenting its commitment to making sure that customer data is private and secure. This unique package of certifications and assurances makes InnoValor stand out in the industry
“ReadID disrupts the remote identification industry, which still largely relies on unreliable OCR and video identification technologies,” said Maarten Wegdam, CEO and co-founder of InnoValor. “Our SOC2 assessment together with our earlier eIDAS certifications proves an unequalled trustworthiness of both our ReadID technology and the company throughout our processes.”