PR Newswire
09 May 2023, 11:28 GMT+10
SINGAPORE, May 9, 2023 /PRNewswire/ -- Cobo, a leading global digital asset custody solutions provider, has achieved SOC 2 Type II certification, a widely recognized standard for data security and privacy. This achievement provided by Deloitte, a leading global provider of audit and related services, reflects the company's commitment to protecting its clients' assets and data.
Previously in September 2022, Cobo achieved the SOC 2 Type I certification, which assesses the design of security processes at a specific point in time. The SOC 2 Type II certification assesses how effective those controls are over time by observing operations for six months. The certification was granted to Cobo after an extensive audit of Cobo's security policies, procedures, and controls over a period of several months by a third-party auditor, Deloitte. The audit concluded that the company meets the high standards set by the American Institute of Certified Public Accountants (AICPA).
As part of the certification, Cobo demonstrated its ability to safeguard customer data against unauthorized access, maintain system availability, process integrity, and confidentiality. The SOC 2 Type II report provides assurance to clients that Cobo's security measures are reliable and effective.
"Obtaining SOC 2 Type II certification is a significant milestone for Cobo," said Dr Jiang Changhao, the Co-Founder and CTO of Cobo. "This certification attainment showcases our ability to not just enforce crucial security policies but also to exhibit consistent compliance for an extended duration."
The SOC 2 Type II certification further solidifies Cobo's position as a leading provider of secure and reliable cryptocurrency custodial technology and solutions. The company's commitment to providing best-in-class security measures ensures that its clients' assets remain protected against the ever-evolving threat landscape of cybercrime.
About Cobo
Founded in 2017 and headquartered in Singapore, Cobo is one of the largest digital asset custodians globally, trusted by over 500 institutional clients across Asia, Europe, the Middle East, and North and South America, with billions of dollars in assets under custody. Cobo offers a comprehensive suite of custody technologies from full custody (HSM-based) to co-managed custody (MPC-based), and fully decentralized self-custody (smart contract-based). In addition, Cobo provides Wallet-as-a-Service, SuperLoop (off-exchange settlement network), and Argus (on-chain DeFi strategies and tools with role-based access controls). The Company is backed by top-tier global investors including DST Global, A&T Capital, IMO Ventures, and DHVC Capital. In September 2021, Cobo completed its USD 40 million Series B financing round. For more information, please visit https://www.cobo.com/.
Get a daily dose of Philippine Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Philippine Times.
More InformationWASHINGTON, D.C.: President Donald Trump claimed he was unaware that the term shylock is regarded as antisemitic when he used it in...
PARIS, France: A strike by French air traffic controllers demanding improved working conditions caused significant disruptions during...
OMAHA, Nebraska: With Congress considering cuts totaling around US$1 trillion to Medicaid over the next decade, concerns are rising...
ROME, Italy: Quick thinking by emergency responders helped prevent greater devastation after a gas station explosion in southeastern...
WASHINGTON, D.C.: President Donald Trump is drawing praise from his core supporters after halting key arms shipments to Ukraine, a...
MOSCOW, Russia: This week, Russia became the first country to officially recognize the Taliban as the government of Afghanistan since...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...
NEW YORK, New York - Monday's trading session saw mixed performances across U.S. and global markets, with several major indices posting...
WASHINGTON, D.C.: The U.S. government has granted GE Aerospace permission to resume jet engine shipments to China's COMAC, a person...
DUBAI, U.A.E.: Saudi Aramco is exploring asset sales as part of a broader push to unlock capital, with gas-fired power plants among...
MILAN, Italy: Italian regulators have flagged four non-EU countries—including Russia—as carrying systemic financial risk for domestic...
NEW YORK CITY, New York: With just weeks to spare before a potential government default, U.S. lawmakers passed a sweeping tax and spending...