For Immediate Release
Contact: Ailie Ashton | Marketing, Public Relations & Research Manager | 973-854-9582 | Ailie.Ashton@redvision.com
RedVision Successfully Completes SOC 2 Security Control
Parsippany, N.J. – August 31, 2015 – RedVision, the largest independent national provider of title and real property research solutions, announced today the successful completion of a comprehensive Service Organization Controls 2 (SOC 2) Type 1 standards of control examination. This independent affirmation confirms that RedVision’s critical controls are effectively managing the security, availability and confidentiality of client information.
The SOC 2 is based on Trust Services Principles, which according to the American Institute of Certified Public Accountants (AICPA), “helps differentiate entities from their competitors by demonstrating to stakeholders that the entities are attuned to the risks posed by their environment and equipped with the controls that address those risks.”
Completion of the SOC 2 Type1 examination indicates that RedVision’s processes, procedures and controls involved in storing, handling and transmitting data securely have been formally evaluated and tested by an independent audit firm. The evaluation included a rigorous assessment of the company’s data center security management, written policies and procedures, physical security, network architecture, user access management, network and systems monitoring, and software development and resulted in validation of RedVision’s best-practice standards.
“Many of our clients rely on us to protect their clients’ information,” says Brian Twibell, CEO of RedVision. “As a result, RedVision has continuously implemented best-practice controls demanded by their customers to address information security and compliance risks. Earning this accreditation demonstrates RedVision’s continued commitment to maintaining the industry’s highest control standards for operations, compliance and security.”
RedVision’s customers can incorporate its Service Auditor’s Report in its compliance programs as proof that appropriate controls are in place. The SOC 2 report may assist customers comply with other regulations, including the Consumer Financial Protection Bureau (CFPB).
"Data security and privacy are top priorities for RedVision,” adds Joe Ross, CTO at RedVision. “The successful completion of the comprehensive examination reaffirms RedVision’s ongoing commitment to creating and maintaining best-practice industry controls for the highest protection and security of our customers’ sensitive information.”
A SOC 2 examination is widely recognized because it represents that a service organization has been through a comprehensive evaluation of its control activities as they relate to the applicable Trust Services Principles and Criteria. A Type 1 report not only includes the service organization’s system description but also includes detailed testing of the design and operating effectiveness of the service organization's controls.
As the largest independent national provider of title and real property research, RedVision® applies straight through processing (STP) and single-source solutions to transform the procurement and processing of title information. In 2015 the company introduced its proprietary NOVA® technology and cascade of best-practice standardized Redi® products – SearchRedi®, ExamRedi®, CurativeRedi® and ClearingRedi® – to empower customers with transaction cost savings, SLA attainment, compliance and risk management. Since 2006, RedVision has delivered more than 7.5 million title reports to 1,600+ client organizations, including financial institutions, title underwriters, settlement service providers, national agents, local agents, lenders, attorneys and foreclosure/default processing firms. RedVision has been named an American Land Title Association (ALTA) Elite Provider and one of the fastest-growing companies by Inc. For more information, please visit www.redvision.com.