Milo achieves SOC 2 Type II Certification

By Milo

April 15, 2024 5 min read

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Milo achieves SOC 2 Type II Certification

In an era where digital security is more crucial than ever, we are proud to announce that Milo has achieved SOC 2 Type II certification. This significant milestone is not just a testament to our robust security measures; it's a commitment to each of our clients—affirming that their data is safe, secure, and managed with the highest standards of confidentiality and integrity.

What is SOC 2 Type II Certification?

SOC 2, an auditing standard developed by the American Institute of CPAs (AICPA), ensures service providers manage data securely, protecting client privacy and interests. SOC 2 Type II certification extends beyond initial assessments, evaluating both system design and operational effectiveness over an extended period. Achieving this certification, the Milo team collaborated with Johanson Group, who rigorously reviewed our internal controls, including data security and change management. With a unified company effort and Johanson Group’s guidance, we've not only met but exceeded SOC 2 standards, as confirmed by our Type II certification.

As a direct lender which utilizes technology to offer financial services to an international clientele, this certification is crucial. It signifies that our processes, controls, and systems have been rigorously evaluated and have met the stringent criteria for security, availability, processing integrity, confidentiality, and privacy.

The path to certification

Achieving SOC 2 Type II certification is not an overnight feat. It involves a thorough and sometimes challenging audit that scrutinizes every aspect of how a company handles data. For Milo, this certification was attained in record time—a reflection of our already robust security framework and our team’s dedication to upholding high standards.

From the outset, we were well-prepared, with established controls and a solid foundation that aligned closely with SOC 2's rigorous requirements. This preparation allowed us to navigate the certification process more smoothly than many other organizations.

How this certification benefits our clients

Enhanced security: The SOC 2 Type II certification ensures that Milo has effective and robust controls in place to secure client data against unauthorized access and data breaches. Our clients can have peace of mind knowing that their sensitive information is protected by advanced security measures.

Operational efficacy: The operational effectiveness of our controls, as verified by SOC 2 Type II, means that our processes are not only designed well but are also executed effectively and consistently. This leads to more reliable and efficient services for all our clients.

Compliance assurance: For international clients, especially those from regions with stringent data protection laws, our SOC 2 Type II compliance provides assurance that we are committed to not just meeting but exceeding global compliance standards.

Looking Ahead Milo understands that technology and security landscapes are ever-evolving. Thus, achieving SOC 2 Type II certification is not the endpoint—rather, it's a part of our ongoing journey towards enhancing and updating our security measures. We are committed to continuous improvement to meet the changing needs and expectations of our clients and to maintain compliance with the highest security standards.

In an age where data breaches are all too common, and trust is hard to earn and easy to lose, we are proud to offer a service that not only meets your financial needs but also protects your most sensitive information with the utmost care.

As we move forward, we will continue to prioritize your security, building on the trust that you have placed in us. We are here to support your financial goals securely and efficiently. Thank you for choosing Milo.

The opinions expressed in the Blog are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.


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SOC2 Certification

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