SOC 1 Type II Compliance
We take our customers’ data seriously. For over ten years, Oildex has achieved SOC 1 Type II compliance for its design and operational control effectiveness. The issuance of an SSAE 18 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 18 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.
Oildex is committed to data privacy, data security, and transparency as to our data practices and processes. We would like to take an opportunity to share how we can help our customers to meet their obligations under the GDPR.
Our Commitment to Transparency
Compliance as a Shared Responsibility
GDPR requires not only responsible data controller practices but also holds controllers accountable for the vendors processing their personal data.
Our Commitment to Data Security
Oildex puts the security of our customer data first.