Rakkar Completes SOC 1 Type 1 Security Audit
Singapore, 4 July 2024 - Rakkar, Asia’s leading qualified digital asset custodian, proudly announces its completion of the System and Organisation Controls (SOC) 1 Type 1 audit as part of its commitment to security excellence, instilling trust and assurance for its institutional clients across Asia.
The SOC 1 Type 1 report, prepared in accordance with the Statement on Standards for Attestation Engagements (SSAE) No.18, rigorously evaluates the design and implementation of controls crucial to financial reporting.
The achievement of SOC 1 Type 1 audit attests to Rakkar’s commitment to maintaining robust internal control design at a specific point in time such as monitoring and risk assessment processes, reinforcing Rakkar’s capability to uphold accurate and dependable financial reporting standards.
“Obtaining SOC 1 Type 1 attestation underscores Rakkar’s unwavering commitment to maintaining the highest standards of internal controls and financial reporting integrity”, said Thomas Kung, CISO, Compliance and Risk Officer at Rakkar. “In addition to our existing SOC 2 Type 1 and Type 2 attestations and ISO 27001 certification, this attainment solidifies our asset security leadership globally.”
For more information about Rakkar and the services offered, please visit Rakkar’s official website.
About Rakkar
Rakkar stands as Asia's leading qualified digital asset custodian, offering unparalleled asset security to financial institutions. Fortified by our strategic backing from SCB 10X, the venture arm of the Siam Commercial Bank, Rakkar employs industry-leading, bank-caliber security measures, compliance frameworks and operational agility. Founded in 2022 and belting esteemed security excellence certifications such as ISO 27001 and SOC 1 & 2 certified, Rakkar remains unwavering in its mission to offer the most secure, institutional-grade custodian services across Asia.
For more information, please visit www.rakkardigital.com.