Nethone reinforces its security standards with SOC 2 Type 2 attestation

Nethone has now achieved full SOC2 standard compliance.

Mark Burton

Chief Technology Officer

16 May 2023


3 min read

In a sign of further commitment to its high-security standards, Nethone, the AI-powered fraud fighters that protect online payment flows, has gained SOC (System and Organization Controls) 2 Type 2 attestation - resulting in the company now being fully SOC 2 standard compliant.

The SOC 2 Type 2 attestation signifies Nethone’s continuous efforts to ensure its internal systems and security procedures meet the highest standards possible to give its clients and partners the confidence that its operational integrity is the best it can possibly be. The announcement follows ISO 27001 and SOC 2 Type 1 certification in early 2023.

SOC 2 is a framework developed by the American Institute of Certified Public Accountants (AICPA) to assess and report on trust service principles of security, availability, processing integrity, and ensuring confidentiality and privacy of all data processed by a company’s systems. The core difference between SOC 2 Types 1 and 2 is that the first step reported on Nethone’s internal security and control measures during a specific point in time, whereas the second step evaluated it over an extended period.

Continuing high-standard of information security procedures

Mark Burton, Chief Technology Officer at Nethone, comments: “We are delighted to be able to offer our customers the additional reassurance of knowing that we have achieved SOC2 type 2 attestation in addition to ISO27001, demonstrating our commitment to ensure that Nethone meets the very highest standards of security and privacy.”

Nethone is at the forefront of helping businesses enhance customer experiences and payment flows with frictionless profiling of users with its modular Know Your User™ solution. This allows it to combat threats such as ATO, bot attacks, CNP fraud, and chargeback fraud, among many other types of fraud. The company solves fraud challenges for over 100 global eCommerce and financial industry players including BlaBlaCar, Azul, Grover, Ramp, Grupo Boticário, and Wema Bank.

By analysing behavioral, device, network and hardware/software data attributes in real-time and providing actionable recommendations, Nethone’s clients can feel safe knowing that not only their data, but that of their customers, is protected to industry-compliant high standards.

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