Gemini Bitcoin Exchange Completes Second Level Security Audit
Representatives of the Gemini crypto exchange proudly announced the successful completion of site security monitoring by SOC 2 type 2 audit. The company said the audit was carried out by specialists from Deloitte, which, by the way, enters the so-called “Big Four” of global audit companies. The Winklevoss brothers emphasized it was their exchange that was the first in the industry to successfully pass the SOC 2 Type 2 audit. And this statement is true. SOC 2 audit is the study of control measures in the systems of a service organization that are used to process personal data of users. Recall that the Winklevoss brothers` exchange passed an audit of SOC 2 type 1 last year. “While SOC 2 Type 1 evaluates the design and implementation of control systems at a specific point in time, SOC 2 Type 2 checks whether these systems worked effectively for a specific period of time,” Yusuf Hussein, the Head of Gemini Risk Department explained. He also said that the site will pass an audit yearly. To keep up with the latest news in the world of cryptocurrencies and the blockchain industry, check out updates on TheCoinShark.