Our Journey to Achieving SOC 2 Type 1 Attestation

Our Journey to Achieving SOC 2 Type 1 Attestation

August 21, 2023
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At Kado, we're passionate about facilitating seamless financial transactions and equally fervently about ensuring our users' data protection and security. We proudly announce our recent achievement: the SOC 2 Type 1 attestation. For those unfamiliar, this milestone underscores our commitment to maintaining a robust security posture. We were recently featured by our partner Thoropass highlighting this effort.

What is SOC 2 Type 1?

Service Organization Control (SOC) 2 is a framework set by the American Institute of CPAs (AICPA). It evaluates companies on their non-financial reporting controls related to security, availability, processing integrity, confidentiality, and privacy of a system. A Type 1 attestation specifically focuses on a firm's system and suitability of the design of its controls at a specific point in time.

Why is this Significant for Kado Users?

Trust is at the core of our relationship with users. When you use Kado, you are not just seeking convenience; you're trusting us with your sensitive data and financial information. Achieving SOC 2 Type 1 attestation means that we have undergone rigorous evaluations and met high standards.

In simpler terms, it assures our users that we're serious about keeping your information safe and sound.

Our Journey to SOC 2 Type 1

Like other innovative companies, achieving this certification wasn't an overnight process. It was a journey that involved several steps:

  1. Internal Assessment: We reviewed our existing controls internally before diving into the certification process. This helped us understand our current standing and identify areas of improvement.
  2. Engaging Expertise: We collaborated with industry-leading auditors specializing in SOC 2 assessments. Their external perspective was invaluable in ensuring we didn't miss any critical areas.
  3. Developing and Enhancing Controls: Based on the initial feedback and our evaluations, we invested time in developing new and enhancing existing controls to meet the stringent SOC 2 requirements.
  4. Continuous Testing and Monitoring: Instead of resting on our laurels, we established a continuous monitoring and testing mechanism. This allowed us to ensure that our controls remain effective and evolve as per changing requirements and threats.
  5. Final Assessment: After months of preparation, we underwent the official SOC 2 Type 1 evaluation. Our controls, processes, and systems were scrutinized to ensure they met the set standards.

Our Ongoing Commitment

While celebrating this achievement, we understand that security is a continuous journey. We're committed to periodic reviews, investing in the latest technologies, and staying ahead of potential threats. Our SOC 2 Type 1 attestation is a testament to our current practices. Still, our dedication to security and privacy doesn't end here.

We want to extend our gratitude to our diligent team, partners, and, most importantly, our users for the trust and support you've bestowed on us. With this milestone, we reiterate our promise to be a platform where security and innovation go hand-in-hand.

For more details on our security measures or any other inquiries, don't hesitate to contact our dedicated support team at Kado, we're here for you every step of the way.

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