ATLANTA—APRIL 16, 2019—Urjanet, the global leader in utility data aggregation, today announced that it has successfully completed a System and Organization Controls (SOC) 2 Type I examination, which included the Security, Availability, and Confidentiality Trust Service categories (TSCs), making it the only SOC-attested provider of utility data direct from more than 6,000 utility and telecommunication companies worldwide. After a comprehensive external audit, Urjanet achieved an unqualified opinion from its auditors demonstrating the company’s high level of security behind its data processes — processes that are critical to acceptance by financial services and other regulated industry customers.
SOC 2, a rigorous industry-wide standard developed by the American Institute of Certified Public Accountants, defines criteria — including security, availability, processing integrity, confidentiality and privacy — for managing customer data. Third-party audited by Coalfire Controls, LLC, an independent CPA firm, SOC 2 requires that providers maintain long-term internal policies to ensure the security of its customers’ data. Adhering to such strict data standards enables Urjanet to mitigate the threat of data breaches and the theft of personally identifiable information, while safeguarding sensitive customer data from unauthorized access.
“Urjanet leverages leading-edge technology and best practices to maintain and secure data for our customers,” said Sanjoy Malik, CEO of Urjanet. “We recognize the vulnerability and power of data, which is why Urjanet has enacted standards and protocols to ensure that we manage it safely, accurately and ethically. We’re pleased to have achieved the SOC 2 Type I milestone, which is a major contributor to maintaining customer confidence and trust.”
“We recognize the vulnerability and power of data, which is why Urjanet has enacted standards and protocols to ensure that we manage it safely, accurately and ethically.”
“Cybersecurity posture is increasingly becoming a differentiator for enterprises in an evolving threat landscape,” said Chris Beiro, Director, SOC Practice, Coalfire. “Coalfire examined Urjanet’s data processes and found that their controls were suitably designed to meet the applicable trust services criteria.”
Because Urjanet adheres to strict data security standards on its cloud-based platform, the company’s customers in the financial services and identity verification industries can confidently add new alternative data sources to their arsenal, enhancing visibility into credit risk and identity without compromising data privacy or security. For its energy and sustainability customers, the SOC 2 examination demonstrates Urjanet’s unwavering commitment to protecting their utility billing and interval data.
The SOC 2 examination represents another strict security and privacy commitment that Urjanet makes to its customers, and to any organization for which secure data handling is mandatory. Urjanet’s data is user-permissioned and secured by a combination of network security and authentication requirements, ensuring that only authorized personnel have access. Urjanet complies with the EU-U.S. Privacy Shield Framework and the Swiss-U.S. Privacy Shield Framework, as set forth by the U.S. Department of Commerce, regarding the collection, use, and retention of personal information transferred from the European Union and Switzerland to the United States.
Urjanet unlocks the power of utility invoice and interval data by connecting to a global network of over 6,000 electric, natural gas, water, and waste providers, and delivering aggregated, normalized information to meet an organization’s exact utility data needs. We simplify how organizations access and use utility data, enabling you to focus on your business. For more information, visit urjanet.com.