Energy Tech Innovator Neoflow Inc. Demonstrates Security Excellence with SOC 2 Type II Compliance
Neoflow, a Calgary based energy technology company, has successfully achieved Service Organization Control (SOC) 2 Type II compliance in accordance with the American Institute of Certified Public Accountants (AICPA) standards for SOC for Service Organizations also known as SSAE 18 The audit was conducted by Prescient Assurance. Achieving this standard serves as third-party validation that Neoflow Inc. provides enterprise-level security by assessing organization’s controls related to security, availability, processing integrity, confidentiality, and privacy.
Neoflow leveraged Drata, a leading security and compliance automation platform, to continuously monitor its internal security controls against the highest possible standards. With Drata, Neoflow has real-time visibility across the organization to ensure the end-to-end security and compliance posture of our systems.
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“Protecting the security and privacy of our customers’ data is a top priority for Neoflow,” said Patrick Mandic, Chief Technical Officer. “Achieving SOC 2 Type II compliance is a testament to our unwavering commitment to maintaining the highest standards of security and privacy in our solutions and services.”
Building upon its previously attained Type I compliance, Neoflow’s SOC 2 Type II compliance further underscores its devotion to providing customers with secure and reliable solutions. This achievement gives clients the confidence that their data is protected according to the strictest industry standards.
The Neoflow Platform is being developed with the support of the U.S. Department of Homeland Security (“DHS”), through their Silicon Valley Innovation Program (SVIP). Neoflow was awarded a contract in 2019 under the auspices of the DHS Preventing Forgery & Counterfeiting of Certificates and Licenses solicitation to develop the Platform. The Platform will modernize the movement of oil and natural gas between Canada and the United State through the development of standards-based technologies that utilize Verifiable Credentials (W3C) and distributed ledger technology (DLT).
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