Florida Agency Network Completes SOC 1, Type 2 Assessment Report

November 8, 2016

Florida Agency Network (FAN) has completed a rigorous third-party examination of its policies and procedures under the Service Organization Controls (SOC) 1 Type 2 standards, demonstrating its commitment to data security and privacy at all levels of its operations.

The third-party examinations were administered by the professional IT assurance and compliance staff at 360 Advanced, a national qualified security assessor, HITRUST CSF assessor and certified public accountant firm.

Developed by the American Institute of Certified Public Accountants (AICPA), the Trusted Service Principles (TSP) Framework is based on criteria geared towards technology and cloud-based computing systems, and the TSP Framework is comprised of five standards by which a practitioner is required to examine and report on when analyzing the security of a candidate’s system.

“We are proud of this accomplishment and we feel our company has made a statement to our lender and real estate partners about how serious we take protecting and safeguarding our clients’ information. We value and protect NPPI as though it were money. Our goal is to become a vault for our clients,” said Aaron M. Davis, CEO of FAN.

The assessment focuses on the internal controls impacting customers and the protection of their non-public personal information (NPI). Through its partnership with Premier Data Services, FAN is able to avail itself of a SOC 2, Type 2-assessed hosted environment with co-location backup and the most rigorous security controls in the industry. Premier Data Services is able to provide security measures as they relate to non-financial controls of an organization such as its IT network and processes, as well as protection of confidential data. As an IT/MSP, Premier Data Services specializes in compliance and security, overseeing its clients’ infrastructure and network solutions, and ensuring their software systems are not only healthy, but also optimized for performance.

“Having the SOC 1 Type 2 assessment completed puts us in the top one percent of agencies to reach this standard in our industry,” said Andrea Somers, compliance officer for FAN. “Successfully completing the rigorous assessments provides FAN with a competitive advantage. Lenders are asking more frequently for standards of protection for consumers’ NPI.”

Contact ALTA at 202-296-3671 or communications@alta.org.