The blog of
Sinistar
News

Prioritizing Security : Announcing SOC 2 Type I Compliance

By Alexia Leclerc|3 min|October 2023

Committed to pursuing the highest standards of industry-recognized accreditation, Sinistar has successfully obtained its SOC 2 Type I attestation.

What is SOC 2?

System and Organization Controls, as defined by the American Institute of Certified Public Accountants (“AICPA”), encompasses a suite of reports produced during an audit. Specifically, SOC 2 defines criteria for managing customer data based on five “trust service criteria” - security, availability, processing integrity, confidentiality and privacy. Following a thorough examination of a company’s policies, procedures and infrastructure by an independent third-party auditor, a SOC 2 report is issued. This report is an attestation by a certified public accountant (CPA) stating that an organization has met the official SOC 2 standards issued by the AICPA.

The importance of SOC 2 in protecting insurance customers

In the data-driven landscape of insurance, the protection of sensitive information is paramount. Insurance companies handle vast amounts of confidential data, making data security and compliance crucial components of their operations. As insurers entrust Sinistar with handling the data of their policyholders, we understand the ongoing risks of cyber breaches, which affect insurers, policyholders, claims adjusters, and suppliers. These stakeholders deserve to know that their data is being handled with the utmost care and security.

Sinistar’s SOC 2 Type I attestation not only demonstrates our commitment to the best business practices, but also helps to keep cyber threats at bay. It helps mitigate the risks of customer data related fraud, and shows our dedication to the proper handling of data that insurers intrust in us.

To this effect, we strongly recommend that insurers verify that their providers have obtained SOC 2 or similar certification.

Continuous improvement and next steps

While celebrating our recent accomplishment with the SOC 2 Type I attestation, we are already embarking on our next venture to obtain our SOC 2 Type II report. We deeply value the trust placed in Sinistar by our insurers and customers, irrespective of their size.

This new step highlights our pursuit of excellence in data protection, reinforcing our position as a trusted and innovative partner in today’s ever-evolving insurance landscape.

Your trust in Sinistar is the driving force behind our continuous journey towards setting new standards in data security, and we’re excited to reach new heights.

Share this article

Read more

Home Insurance

By Brad Howard|4 min|July 2024

What Is Additional Living Expenses (ALE) or Loss of Use (LOU) Coverage?

Unfortunate events like natural or home disasters can leave you in panic, making your home unlivabl...

News

By Alexia Leclerc|4 min|June 2024

SOC 2 Type 2 Attestation Report

In today’s digital society, cybersecurity is a critical priority. The importance of protecting sens...

Housing

By Nathan Guss|5 min|December 2023

British Columbia’s New Short-Term Rental Rules

In October 2023, British Columbia’s legislature passed the Short-Term Rental Accommodations Act, wh...

News

By Nathan Guss|5 min|November 2023

Extreme Weather Impacts the Insurance Industry

In recent years, the insurance industry has faced a surge in extreme weather. Climate change is mak...

News

By Alexia Leclerc|3 min|October 2023

Prioritizing Security : Announcing SOC 2 Type I Compliance

What is SOC 2? System and Organization Controls, as defined by the American Institute of Certified ...

News

By Nathan Guss|6 min|October 2023

Claims Adjusters: Self-Employment or Working for an Insurer?

Considering a career as a claims adjuster in Canada? With many paths available, each offering its u...

News

By Nathan Guss |6 min|October 2023

Claims Adjusters: Where to Find Your Next Job

The job market for claims adjusters in Canada is vast and varied. Determining the best approach can...

Housing

By Nathan Guss |9 min|September 2023

How to Succeed in Temporary Rentals?

Do you have a property that you’re thinking of listing for short- or medium-term rental? Or perhaps...

Housing

By Nathan Guss|4 min|September 2023

Temporary housing: social media accounts to follow

Running a temporary rental business requires staying informed about the latest industry development...