SAM attains a successful, non-exceptions SOC 2, Type II examination report
Information security and protection are at the forefront of concern for every organization. Companies that outsource and rely on third-party partners for essential business operations depend on their partners to handle data securely. Naturally, this does not come as a surprise because mishandled data can leave organizations vulnerable and susceptible to attacks.
Meanwhile, security has always been of the utmost importance for SAM. SAM is an RMA Certified Receivables Vendor (CRV), which guarantees compliance with the rigorous standards outlined by the Receivables Management Association International. RMA’s compliance standards extend to background checks, insurance, data security, vendor management, broker agreements, transactional due diligence, and buyer/seller prerequisites.
Everyone at SAM is committed to delivering the highest security standard to their partners and clients. SAM’s platforms have always been SOC 2 audited and have met all the necessary compliance and security standards. SAM’s commitment to compliance does not stop there, so several months ago, SAM began extending the SOC 2, Type II examination report to all the company’s operations.
SAM’s SOC 2, Type II Audit
SAM’s SOC 2, Type II audit evaluated the business process systems and detailed the effectiveness of the data security and protection measures. A SOC 2 audit also evaluates an organization managing customer data on five key “trust service principles.” These principles are privacy, security, availability, processing integrity, and confidentially. SAM excelled in all five “trust service principles.” As a result, SAM’s SOC 2, Type II compliance examination assures partners and clients that their data is handled with a high level of security and discretion.
A SOC 2, Type II examination is not common among debt brokers. SAM, however, strives to set the standard by going above and beyond when it comes to your security. Simply put, the security of your organization’s data cannot be overstated. SAM’s commitment to data security and consumer confidentiality extends to all provided services. From debt sales to corporate matchmaking, SAM ensures that your information is securely protected throughout our business processes.