{"id":12186,"date":"2024-04-01T19:46:39","date_gmt":"2024-04-01T16:46:39","guid":{"rendered":"https:\/\/forklog.com\/en\/tether-completes-independent-security-audit\/"},"modified":"2024-04-01T19:46:39","modified_gmt":"2024-04-01T16:46:39","slug":"tether-completes-independent-security-audit","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/tether-completes-independent-security-audit\/","title":{"rendered":"Tether Completes Independent Security Audit"},"content":{"rendered":"<p>Tether, the issuer of the USDT stablecoin, announced the successful completion of a System and Organization Controls 2 (SOC 2) Type I audit.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Tether Announces Completion of System Organization Control (SOC) 2 Type 1 Audit<a href=\"https:\/\/t.co\/jIbrdx30wh\">https:\/\/t.co\/jIbrdx30wh<\/a><\/p>\n<p>\u2014 Tether (@Tether_to) <a href=\"https:\/\/twitter.com\/Tether_to\/status\/1774776203678814357?ref_src=twsrc%5Etfw\">April 1, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><a href=\"https:\/\/en.wikipedia.org\/wiki\/System_and_Organization_Controls\">SOC 2<\/a> is an independent audit, control, and reporting system developed by the <span data-descr=\"American Institute of Certified Public Accountants\" class=\"old_tooltip\">AICPA<\/span>. It evaluates control procedures for managing cybersecurity risks, with particular emphasis on data privacy and confidentiality.  <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis compliance measure assures our clients that their assets and data are managed in an environment that meets the highest standards of data protection and information security,\u201d stated Tether CEO Paolo Ardoino.<\/p>\n<\/blockquote>\n<p>The company emphasized that it is gradually updating its security strategy, \u201cfocusing on innovative technologies, transparency, and accountability to stablecoin users.\u201d <\/p>\n<p>Tether has committed to annual SOC 2 audits. In 2024-2025, the USDT issuer plans to obtain SOC 2 Type II certification, which assesses the effectiveness of internal controls over a 12-month period.<\/p>\n<p>Earlier in January, experts from the UN Office on Drugs and Crime noted the <a href=\"https:\/\/forklog.com\/en\/news\/un-highlights-usdts-role-in-money-laundering-schemes\">growing popularity of USDT<\/a> as a tool for money laundering.<\/p>\n<p>Responses to the organization were published by both the <a href=\"https:\/\/forklog.com\/en\/news\/justin-sun-and-tron-address-un-report-on-illicit-use-of-usdt\">Tron team led by Sun<\/a> and the <a href=\"https:\/\/forklog.com\/en\/news\/tether-responds-to-un-experts-allegations\">stablecoin issuer<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tether, the issuer of the USDT stablecoin, announced the successful completion of a System and Organization Controls 2 (SOC 2) Type I audit. Tether Announces Completion of System Organization Control (SOC) 2 Type 1 Audithttps:\/\/t.co\/jIbrdx30wh \u2014 Tether (@Tether_to) April 1, 2024 SOC 2 is an independent audit, control, and reporting system developed by the AICPA. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1111,1245],"class_list":["post-12186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cybersecurity","tag-tether-usdt"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=12186"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/12185"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=12186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=12186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=12186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}