Independent audit confirms Vouched meets the highest standards for Security, Availability, Confidentiality and Privacy
November 12, 2024 09:00 AM Eastern Standard Time
SEATTLE--(BUSINESS WIRE)--Vouched, the leader in AI-powered identity verification for healthcare, banking, and financial services, today announced that the company has successfully completed a System and Organization Controls (SOC) 2 Type II audit, and achieved compliance. The certification is a reflection of Vouched's commitment to protecting its customers' data and maintaining high information security standards. The audit was independently performed by Sensiba LLP.
“This latest certification demonstrates our ongoing commitment to upholding the highest security standards and providing safeguards for our partners and their customers. We don’t take the trust placed in our solution lightly and remain dedicated to exceeding industry security and privacy standards.”
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Developed by the American Institute of Certified Public Accountants (AICPA), the SOC 2 Type II information security audit provides a report on the examination of controls relevant to the trust services criteria categories covering security, availability, processing integrity, confidentiality, and privacy. A SOC 2 Type II report describes a service organization's systems, whether the design of specified controls meets the relevant trust services categories, and assesses the effectiveness of those controls over a specified period of time. Vouched's SOC 2 Type II report did not have any noted exceptions and was therefore issued with a "clean" audit opinion from Sensiba.
"As the digital landscape continues to evolve, trust and security are paramount in our customer relationships," said Peter Horadan, CEO of Vouched. "This latest certification demonstrates our ongoing commitment to upholding the highest security standards and providing safeguards for our partners and their customers. We don’t take the trust placed in our solution lightly and remain dedicated to exceeding industry security and privacy standards.”
To learn more about Vouched, visit: https://www.vouched.id/.
About Vouched
Vouched’s AI-powered identity verification (IDV) solution enables businesses to authenticate individuals with ease and meet critical regulatory requirements. The platform’s real-time decisioning engine delivers the fastest and most reliable responses in the industry. For instance, telehealth providers leveraging Vouched have experienced a 2-3x boost in patient onboarding rates. Furthermore, Riders Share, a motorcycle-sharing service, saw a substantial decrease in fraud-related losses—from over $1 million to nearly zero incidents of motorcycle theft and fraud—thanks to Vouched’s robust technology.
Utilizing proprietary AI models and extensive data verification processes, Vouched maintains one of the highest fraud detection rates in the industry, exceeding 99%. The platform’s advanced liveness and document verification techniques continuously adapt to new forms of identification worldwide, enhancing its fraud detection efficacy.
Based in Seattle, Vouched is privately held and backed by Madrona Venture Labs, Ascend Ventures, Flying Fish VC, BHG VC, SpringRock Ventures, and SeaChange Ventures. For more information, visit Vouched.id and follow us on LinkedIn.
Contacts
Media Contact:
Lizzy Harris
PR for Vouched
Vouched@colabcomms.co
source - https://www.businesswire.com/news/home/20241112173747/en/Vouched-Achieves-SOC-2-Type-II-Compliance-Certification
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