What does an SOC 2 Type II report signify?
Answer: An organization that has obtained a SOC 2 Type II report has shown that its system is designed to safeguard the confidential data of its customers. WealthForge‘s electronic investment processing platform, Altigo, captures and transmits sensitive investor data on a daily basis. Because protecting investor data is vitally important, WealthForge instituted a robust cybersecurity program and engaged a licensed CPA firm to review existing data security policies and controls. WealthForge’s auditors reviewed its controls around security, availability, and confidentiality and issued a SOC 2 Type II report in mid-January 2021.
