Update July 2022 – VeriFacts’ commitment to data security is second-to-none in the receivables industry. VeriFacts works diligently to earn and maintain data security certifications. We are audited by third parties to ensure our compliance with each standard, and we hold certification for dozens of data security standards including the Federal Information Security Management Act of 2002, HIPAA, Techlock, SSAE16, and more.
February 2021 – VeriFacts, LLC, a leader in location and employment verification for the financial industry, has taken another significant step forward by obtaining their SOC 2 (Systems and Organizational Controls 2) Certification. Already known for their stringent data security, the company partnered with I.S. Partners, a globally recognized CPA firm, to complete the SOC 2 Type 1 audit in December 2020. This important indicator of VeriFacts’ commitment to the protection of client data will be maintained annually.
What Is A SOC 2 Type 1 Audit?
The comprehensive SOC 2 report attests to the trustworthiness of the company’s services. The audit assesses risks that are associated with outsourced software that stores customer data online. Successfully completing it is yet another assurance for clients that they can be confident of the secure management of data and protection of sensitive information within VeriFacts’ day-to-day activities. When clients asked for this next level of certification, VeriFacts was happy to deliver. Successfully maintaining a partnership approach and staying in tune with the needs of clients is a point of pride for the company.
Commitment to Exceeding Standards
Rebecca Garland, Chief Compliance Officer at VeriFacts, says that “it feels great to continue taking steps forward in enhancing the VeriFacts security program. In a year where it was easy to stay par for the course, VeriFacts kept pushing ahead to stay above typical standards and exceed expectations. I urge any company that is currently performing a SOC 1 audit to reconsider moving to a SOC 2. By successfully completing this process, our team gained a tremendous amount of insight into how to proactively identify and address any potential gaps or lapses in policies and procedures. We want to extend our thanks to our certified third-party auditor, I.S. Partners, for their professional assistance in the successful completion of our SOC 2 audit.”
The VeriFacts SOC 2 report is available upon request to any current or potential VeriFacts client, vendor or partner. Please contact us for more information.
About VeriFacts, LLC
VeriFacts is the top employment location and verification service for the receivables management industry. Having been in business for over 30 years, they are known for their experience and trusted quality information. VeriFacts specializes in the location of consumer employment information. Over the years, their services have expanded into residential location information, data verification, and unique data aggregation. Their corporate headquarters and 100+ research specialists are located in Sterling, IL. If you’re interested in learning more about VeriFacts, check them out at vfacts.com.