CATIC announced that it’s received a positive SOC 2 report verifying the company’s critical controls that effectively design and manage the security and confidentiality of its data.
“CATIC’s Information Technology and Internal Audit Teams worked very hard over the last year to achieve a SOC 2 Type 1 positive opinion. This opinion confirms to all our stakeholders that CATIC is effectively managing and safeguarding its data,” CATIC’s President and CEO James Czapiga said in a release.
“In addition, having a third-party examination of our internal controls has helped us to better comply with industry best practices in safeguarding our data and systems,” Czapiga added.
“CATIC has always striven to provide the best systems and services to our agents and lender partners. Obtaining a clean SOC 2 in today’s cyber-driven business climate shows CATIC’s dedication to keeping systems and data secure. Independent verification of our systems and processes provides lenders with assurances that their data is safe and secure,” CATIC Senior Vice President Reese Lacasse said.