SnapRefund has successfully completed its System and Organization Controls (SOC) 2 Type II and SOC 3 audits!
The SOC audit is one the highest recognized standards of information security compliance in the world. It was developed by the American Institute of CPAs (AICPA) to allow a third-party auditor to validate a service company’s internal controls with respect to information security.
SnapRefund obtained audited SOC 2 & 3 reports by partnering with an auditor who respectively review our internal controls including policies, procedures, and infrastructure regarding data security, firewall configurations, change management, logical access, backup management,
business continuity and disaster recovery, security incident response, and other critical areas of our business.
The audit was completed with the help of a premier certification body helping organizations to obtain and maintain global compliance standards. The auditor attested to SnapRefund’s information security controls meeting or exceeding the leading industry standards for Fintech & Insurtech as an organization, including the ClaimsSnap and AgentSnap platforms.
SOC 2 has a rigorous requirement on how companies handle customer data and information, so compliance guarantees there are established and implemented organizational practices in place to safeguard customer data.
At its core, SnapRefund is committed to providing payments and mission-critical financial services to the insurance industry and its consumers. Data integrity and security is a fundamental part of how SnapRefund manages payments and financial services. SOC2 Type II compliance
represents a commitment that secure systems and controls are maintained by the organization on an ongoing basis.
Thanks to a company-wide effort here at SnapRefund, we successfully achieved SOC 2 compliance and received an Auditor’s Report, which we are happy to share with you to prove to you that our policies, procedures, and infrastructure meet or exceed the SOC 2 criteria. We can confidently say we go above and beyond the minimum requirements for SOC 2 by integrating our critical infrastructure to monitor compliance to the SOC 2 framework 24/7/354, not just during the audit window.
SnapRefund firmly holds that customer relationships must be built on trust. The successful completion of SOC 2 and 3 reports is one of many ways that SnapRefund continues to earn and retain that trust.
SOC 2 & 3 compliance are just some aspects of our growing security program. SnapRefund is committed to continually improving our information security program and undergoing an annual SOC audit to ensure all of our customers benefit from a best-in-class security posture.
