Business Wire Successfully Completes SOC 2 Attestation Engagement Related to the Design and Effectiveness of Its Internal Security Controls
NEW YORK--(BUSINESS WIRE)--Business Wire today announced receipt of its Service Organization Control [SOC] 2 Type II attestation engagement report, providing independent validation that the company's internal security controls are in accordance with the American Institute of Certified Public Accountants' applicable Trust Services Principles and Criteria.
The report, prepared by the international auditing firm Deloitte & Touche LLP, evaluated Business Wire's publishing services and multimedia management systems, focusing on organizational and operational safeguards against unauthorized access, both logical and physical. The key criteria analyzed included policies, communications, procedures and monitoring.
The review process confirmed Business Wire's adherence to the AICPA's Trust Principles related to security controls. The AICPA created the SOC guidelines to provide an authoritative benchmark for service organizations to demonstrate implementation of proper control procedures and practices. Type II reports include detailed testing of the operational effectiveness of the described systems' security controls.
"The SOC 2 attestation engagement report clearly illustrates that security is of paramount importance to Business Wire," said Cathy Baron Tamraz, the company's CEO. "Business Wire undergoes independent audits in multiple jurisdictions annually, both for certification as a regulatory disclosure service in major financial markets, as well as being part of the Berkshire Hathaway family.
"Public companies rely on Business Wire to disseminate their material news to the marketplace. Today's announcement provides assurance that we have the systems and control procedures in place to safeguard clients' sensitive announcements. It is one more reason why Business Wire is universally recognized as the industry's gold standard."
About Business Wire
Business Wire, a Berkshire Hathaway company, is the global leader in press release distribution and regulatory disclosure. Investor relations, public relations, public policy and marketing professionals rely on Business Wire to accurately distribute market-moving news and multimedia, host online newsrooms and IR websites, build content marketing platforms, generate social engagements and provide audience analysis that improves interaction with specified target markets. Founded in 1961, Business Wire is a trusted source for news organizations, journalists, investment professionals and regulatory authorities, delivering news directly into editorial systems and leading online news sources via its multi-patented simultaneous NX Network. Business Wire has 32 offices worldwide.