SSAE 16 SOC 1 Type II
We take our customers’ data seriously. As a result, and for over nine years, Oildex has achieved SSAE 16 SOC 1 Type II compliance for its design and operational control effectiveness. The issuance of an SSAE 16 Type 2 Report is critical for a leading cloud-based provider, such as Oildex, as it provides customers and their auditors with the assurance that necessary controls and procedures are in place to effectively manage and protect their data.
To achieve compliance, Oildex underwent a thorough audit of its operational systems. In addition, auditors evaluated procedures critical to the processing of vast quantities of information, including the exchange of billions of lines of financial transaction detail.
In addition to the ongoing SSAE 16 Type 2 audit process, Oildex conducts its own internal compliance reviews of key operational policies and processes throughout the year, and the company continues to invest in data safety, so customers know their information is kept safe and secure.