The comprehensive audit of Silvervine Software ensures top-level data security features covering compliance, governance, and risk.
FREMONT, CA: Silvervine Software completes a SOC 1 (Statement on Standards for Attestation Engagements No. 18 ("SSAE 18")) Type 2 examination. 360 Advanced conducted the audit, a full-service IT assurance, compliance, and security company specializing in integrated compliance solutions, including conducting SOC 1 examinations. Completing the SOC 1 Type 2 examination exemplifies Silvervine Software's continued commitment to generate and maintain the most stringent controls required to ensure the highest quality and security of services offered to customers.
The Service Auditors' Report comprises a detailed description of Silvervine's controls and an independent evaluation of whether the controls are placed in operation, suitably tailored and operating effectively. Silvervine Software is focused to ensuring the safety and security of the clients' data. This in-depth and independent audit ensures that the security protocols meet or exceed the audit's stringent requirements. Silvervine will be undergoing a SOC 2 audit this year, which takes a deep dive into security, availability, and confidentiality. The IT department presently develops to SOC 2 standards, and this audit will confirm these robust security and data security protocols.
A SOC 2 Type 2 Report illustrates the system description's opinion, the design of controls placed into operation. It comprises whether controls operated effectively throughout a historical period, usually 12 months. Thus, in addition to what a Type 1 Report addresses, this report combines an additional step that the controls were tested, and reporting is available.
Silvervine is the platform of choice for several of the nation's sophisticated P&C insurers and MGAs. Its cutting-edge technology runs direct-to-consumer sales, distribution management, mobile engagement, and digital payment choices. Silvervine's team gets the products to market faster, with less red tape and more insurance expertise to inform the development process.