Praxis Continues SOC 2 Type II Audit Compliance to Protect Customer Data
MUNCIE, IN—(February 20, 2018) – Praxis Consulting Inc., the leading provider of subrogation services for insurance carriers, self-insureds, reinsurers and third party administrators, today announces it successfully completed the Service Organization Control (SOC) 2 Type II certification to adhere to best-in-class cyber security compliance.
Performed by a qualified third-party, the SOC 2 certification provides a means for service organizations like Praxis Consulting to certify adherence to the Trust Service Principles, which are specific enterprise controls relevant to data, such as: security, availability, processing integrity, confidentiality, and privacy. In similar fashion, the Type II report allows partner organizations to evaluate the effectiveness of any controls their governance process may require.
“Since Praxis operates in regulated environments with compliance obligations around sensitive data, it is imperative for us to stay on top of industry trends related to IT security,” explains Colby Zepik, Director of Information Security / I.T. Operations, Praxis Consulting Inc. “In addition, the SOC 2 Type II certification also serves as an excellent tool to demonstrate transparency to our customers and maintain their trust.”
The SOC 2 Type II certification, awarded in January 2018 by independent accounting and auditing firm The Moore Group, demonstrates Praxis Consulting’s rigorous commitment to data security practices, policies, procedures, and operations, by meeting or exceeding the designated standards established by the American Institute of Certified Public Accountants (AICPA).
For information about SOC 2 Type II certification, visit aicpa.org. For more information about the subrogation expertise at Praxis Consulting Inc., visit PraxisConsulting.com.
About Praxis Consulting Inc.
Praxis Consulting Inc. is a privately owned and operated, full-service subrogation outsourcing firm, operating throughout the U.S. with offices located in Beverly, MA., Bohemia, NY, Fleming Island, FL and Muncie, IN. Praxis Consulting’s suite of Cost Mitigation Services caters to a variety of insurance carriers for timely identification and recovery of paid claims, such as auto, disability, property, and workers’ compensation. To speak with a Company representative, call Praxis at (888) 357-8276.