Boston, MA (January 18, 2021) - mondCloud Inc., a global leader in cloud-based B2B, API Management and micro-services software has announced that it has successfully completed SSAE18 SOC 1 Type 2 compliance audit for the 6th consecutive year. In addition, mondCloud Inc. has also successfully completed its annual penetration testing covering a wide range of test conditions.

With a large number of mondCloud’s clients in regulated industries such as insurance, supply chain, financial services, and pharmaceuticals, the annual audit and penetration tests provides yet another level of confidence to its global enterprise clients.

The SOC 2® (ServiceOrganization Control for Service Organizations) was created by the AmericanInstitute of Certified Public Accountants (AICPA), it evaluates applicants in five categories within the Trust Services Criteria, they are:

  • Security: Evaluating that information and systems are protected against unauthorized access, disclosure, use, or modification
  • Availability: Evaluating that the systems are available for operation and use as agreed
  • Processing Integrity: Evaluating that the system processing is complete, valid, accurate, timely, and authorized
  • Confidentiality: Evaluating that the Information designated as confidential is protected
  • Privacy: Evaluating that personal information is collected, used, retained, disclosed and disposed  in conformity with the commitments in the service organization’s privacy notice

The Importance of Independent Audits

A company that has completed SOC Type II audit has proven its system is designed to keep its clients’ sensitive data secure. When it comes to working with the cloud and related I.T. services, such performance and reliability are increasingly required by regulators, examiners, and auditors.

The completion of the SOC 1Type II audit demonstrates mondCloud’s continued commitment to create and maintain stringent controls needed to ensure the highest quality and security of services required by its customers. The Service Auditors’ Report issued byGrant & Thornton Inc. includes a detailed description of mondCloud’s controls and an independent assessment of whether the required controls are placed in operation and followed by the team.

“mondCloud platform enables enterprises large and small to be agile, to exchange documents at scale and to create complex products quickly,” said Geetha Sreedhar, COO for mondCloud. “The audit demonstrates our capability to deliver on this promise for the world’s largest companies.” The fact that large Fortune 100 and 500 companies have selected our cloud solution to provide a critically important service for them is a huge vote of confidence in support of our product, talent, expertise, and professionalism.

Penetration Tests

Penetration testing is the practice of examining a computer system, network, or application to identify security vulnerabilities that a potential hacker could exploit to gain access to critical and confidential data.  Bala Vishwanath, the CEO, commented, “We handle a large number of mission-critical, confidential data for our clients. It is extremely important for us to identify any security weakness in our systems. Regular vulnerability testing, penetration testing along with SOC 1 Type 2 audit shows that our company, solutions, processes, and people can stand up to the demanding scrutiny and standards of our clients.

About MondCloud Inc.

mondCloud™ is a global ITSoftware & Solutions company providing next-gen platform to enterprises around the world for rapid product development, digital transformation, and cloud migration. They envisioned a new model: one platform of software products for all industriesa complete suite of software micro-services that seamlessly communicate with each otherallowing the enterprise to focus on innovation and growth.

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