Amber Group successfully passed the SOC 2 audit

Amber Group has successfully passed the test for compliance with the requirements of the Service and Organization Controls 2 (SOC 2) standard. For clientsit is a guarantee of protection by security measuresinstitutional level. Amber Group was the first among digital asset platforms to receive certification for compliance with the five principles of trust SOC 2 (security, availability, protection of personal data, data processing integrity and confidentiality). The audit was conducted by Deloitte.

SOC 2 audit is the gold standard in financialindustries. SOC 2 serves as an independent assessment and validation of IT, security and privacy management best practices. Amber Group has shown that it has a sound system and protocols in place in the SOC 2 audit that meet the AICPA Trust Services Criteria. The audit confirms the existence of internal controls developed in accordance with the requirements of the five security principles. The audit determined that Amber Group has a properly designed internal control system to ensure that service obligations and system requirements are met based on applicable fiduciary criteria.

Independent evaluation and confirmation of safetycritical to industries where trust and regulation are essential. This is due to the fact that cybersecurity incidents are still a topical problem in an industry in which digital assets are actively developing. That is why Amber Group, as a digital asset platform with a retail and institutional legacy, has been striving to achieve SOC 2 compliance. This is necessary to test the strength and reliability of its information systems and internal controls. In addition, SOC 2 compliance helps build trust among its customers, investors and regulators.

«Amber Group’s key priority isConfidence of our clients and partners in a high level of security and compliance with all requirements. To achieve this, we focus on the highest security standards applied in highly regulated industries, as well as continuous innovation in the ever-evolving financial ecosystem. The successful SOC 2 audit demonstrates our long-standing commitment to these principles and marks a significant acceleration for the digital asset sector,” said Amber Group Chief Executive Officer Michael Wu.

«Security and privacy lie inthe basis of user trust in digital assets. As the first digital asset platform to undergo an independent SOC 2 assessment, we plan to further strengthen the trust of users and regulators in digital assets. Amber Group will become synonymous with the gold standard in security and compliance in the digital asset space and beyond. We want to continually move forward to further establish digital assets as a viable asset class and investment solution. This will go a long way in driving adoption and acceptance of digital assets among the mainstream population, and we are proud that Amber Group is now leading this movement,” added Michael Wu.

About Amber Group

 Amber Group is a leading digital asset platform,operating worldwide, with offices in Asia, Europe and America. The company provides a full range of services in the field of digital assets, including investment, financing and trading. Amber is backed by renowned investors including Paradigm, Dragonfly, Pantera, Polychain, Sequoia and Tiger Global.

Not so long ago, Amber Group releasedupdated WhaleFin app (formerly Amber App). WhaleFin provides market-leading interest rate products, as well as yield enhancement and risk management tools.

Download WhaleFin and chat with like-minded people in the project's official Telegram chat. Follow WhaleFin updates in the Telegram channel.

For more information visit the site.

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