Kovrr, a cyber risk modeling company, announced today that they have successfully completed their Service Organization Control (SOC) 2 Type II certification. This certification validates that Kovrr’s security practices meet the American Institute of Certified Public Accountants (AICPA) Trust Principles and Criteria for System and Organizational Control. The SOC 2 Type II report demonstrates Kovrr’s ability to implement and execute strict and critical security policies that protect their customers’ data.
“As a company that deeply understands cyber risk, we’re extremely dedicated to all aspects of security best practices and meeting compliance standards,” said Avi Bashan, CTO. “We understand the risks involved in sensitive data and are fully committed to protecting our customer’s information. Security will always have to be a fundamental part of our product and completing the SOC 2 Type II certification is a great accomplishment and shows commitment to our customers.”
The audit was completed by Ernst & Young Israel. The audit ensures that Kovrr meets the five “trust service principles” including security, privacy, availability, confidentiality, and processing integrity.
Kovrr’s cyber risk modeling platform delivers global (re)insurers transparent, data driven insights into their affirmative and non-affirmative cyber risk exposures. The Kovrr platform is designed to help underwriters, exposure managers and catastrophe modelers understand, financially quantify and manage cyber risk by utilizing AI-powered risk models. For more information, please visit www.kovrr.com or follow us on Twitter or LinkedIn.