Strategic Risk Associates (SRA) Achieves SOC2 Type II Compliance, Reinforcing Commitment to Data Security and Operational Excellence

Richmond, VA (November 15, 2023) – Strategic Risk Associates (SRA), a leading provider of risk and performance management SaaS technology (Watchtower™) for the Financial Services industry, announced today that the company has successfully attained SOC2 Type II compliance.

"This achievement illustrates SRA’s unwavering commitment to maintaining the highest standards of security and aligns with our objective of turning risk into opportunity,” expressed Ed Vincent, CEO of SRA Watchtower. “Thanks to SRA's infosec, R&D, finance & administration, and customer operations teams for establishing a robust culture of risk at SRA.”

SOC2 Type II compliance is a significant milestone in the journey to enhance data security and risk management. It is granted after an organization undergoes a comprehensive audit process administered by an independent third-party audit firm. This achievement is vital for organizations handling customer data and seeking to demonstrate their dedication to safeguarding sensitive information.

Joe George, Chief Technology Officer at SRA, highlighted the rapid progress in implementing robust controls: "The processes and controls created and executed by SRA around our Watchtower platform have greatly matured in the past two years. To go from a SOC2 Type I in 2021 to a SOC2 Type II in a relatively short period of time is a great accomplishment, and reinforces Watchtower's position as The Holistic Risk Intelligence Platform."

This significant achievement reaffirms SRA's dedication to providing its customers with the utmost security and a trusted platform.

"The foundation of every successful company is being well-managed, and that result rests on a good control environment,” said Shawn Ryan, Chief Finance Officer at SRA. “I am proud that we practice-what-we-preach at SRA, and the exceptional outcome of our SOC2 Type II examination illustrates that we not only help our customers practice sound risk management, but we also do so ourselves."

SRA is proud to have successfully completed the rigorous audit process, strictly adhering to the internal controls necessary for SOC2 Type II compliance. The Board and Executive leadership team all extend their gratitude to its dedicated team for their hard work and perseverance in achieving this important milestone. SRA also wishes to thank its valued customers for putting their trust in our commitment to data and operational security.

Click here to read our blog sharing the journey of how we achieved SOC2 Type I Compliance