The French company Ledger, a manufacturer of cryptocurrency hardware wallets, has received an audit opinion regarding the security of data control systems (System and Organization Controls, SOC).
According to the press release, the audit was conducted by the New York-based company Friedman. This company tried to audit Tether's reserves in 2017.
The corporation noted a review of Ledger Vault, the company's custodian service for large investors. “With the SOC 2 Type 1 report, we can now guarantee our customers an audited level of security for the Vault solution,” the company said.
SOC 2 investigates the correctness of the processing of customer info in the services of an organization. This report presents potential customers with confidence that the service organization has been audited and that their data is secure.
“Getting this conclusion suggests that our processes and systems are well organized and generally safe,” said Ledger CEO Pascal Gaultier. He added that the company plans to obtain SOC 2 Type 2 next year, which checks to meet stricter safety standards.
And in July, the company reported a customer data breach. The accounting did not include any data that could be used to access Ledger hardware wallets, but the email addresses of 1 million customers were compromised. Gemini cryptocurrency exchange passed the SOC 2 Type 2 audit in January 2020.