Bank Shot, a creator of mobile real-estate payment solutions and easy earnest money transfers, has successfully completed an audit process and received its Service Organizational Control (SOC) 2 compliance certification.
“At Bank Shot, we pride ourselves in setting high standards for the level of cybersecurity customers should expect from their earnest money and real-estate check transmission software,” said Emily Traxler, CEO of Bank Shot. “We’re aware of the increasing numbers of real estate transactions targeted for fraud and becoming SOC 2 compliant was the obvious next step in our cybersecurity efforts.”
The SOC 2 audit was administered by Smith and Howard and adhered to the American Institute of Certified Public Accountants (AICPA) guidelines. Smith and Howard is a CPA firm providing a wide range of services.
The auditing process consisted of thorough examination of Bank Shot’s policies, procedures and systems under the Trust Services Criteria. With this audit, Bank Shot assures that it protects and manages data of its customers with the highest level of security and privacy, in addition to its Check 21 standards and two-factor authentication (2FA).
Prior to receiving its SOC 2 certification, Bank Shot partnered with Red Sentry, a penetration testing tool that continually tests and searches Bank Shot’s assets for vulnerabilities. While most companies undergo this process once a year, Bank Shot does it daily, keeping their customers protected 24/7.
