Nethone reinforces its security standards with SOC 2 Type 2 attestation

LONDON - May 19, 2023 - PRLog -- In a sign of further commitment to its high-security standards, Nethone, the AI-powered fraud fighters that protect online payment flows, has gained SOC (System and Organization Controls) 2 Type 2 attestation - resulting in the company now being fully SOC 2 standard compliant.

The SOC 2 Type 2 attestation signifies Nethone's continuous efforts to ensure its internal systems and security procedures meet the highest standards possible to give its clients and partners the confidence that its operational integrity is the best it can possibly be. The announcement follows ISO 27001 and SOC 2 Type 1 certification in early 2023.

SOC 2 is a framework developed by the American Institute of Certified Public Accountants (AICPA) to assess and report on trust service principles of security, availability, processing integrity, and ensuring confidentiality and privacy of all data processed by a company's systems. The core difference between SOC 2 Types 1 and 2 is that the first step reported on Nethone's internal security and control measures during a specific point in time, whereas the second step evaluated it over an extended period.

Continuing high-standard of information security procedures

Mark Burton, Chief Technology Officer at Nethone, comments: "We are delighted to be able to offer our customers the additional reassurance of knowing that we have achieved SOC2 type 2 attestation in addition to ISO27001, demonstrating our commitment to ensure that Nethone meets the very highest standards of security and privacy."

Nethone is at the forefront of helping businesses enhance customer experiences and payment flows with frictionless profiling of users with its modular Know Your User™ solution. This allows it to combat threats such as ATO, bot attacks, CNP fraud, and chargeback fraud, among many other types of fraud. The company solves fraud challenges for over 100 global eCommerce and financial industry players including BlaBlaCar, Azul, Grover, Ramp, Grupo Boticário, Wema Bank.

By analysing behavioral, device, network and hardware/software data attributes in real-time and providing actionable recommendations, Nethone's clients can feel safe knowing that not only their data, but that of their customers, is protected to industry-compliant high standards.

About Nethone

Nethone offers a proprietary machine-learning-based product designed to protect the entire user journey, from onboarding to post-payment, at the same time helping merchants to holistically understand their end-users (good and bad). With the award-winning Know Your User (KYU) profiling technology and AI-powered tools, Nethone blocks all risky users without friction to the good ones by exhaustively screening every single one. Nethone has been recognised as one of Europe's fastest-growing companies in 2023 by The Financial Times newspaper and data provider Statista. We are also the highest-ranked Polish company in the Fintech category.

https://nethone.com