Huntington Debt Holding has successfully completed the Service Organization Control 2 (SOC2) Type 2 Reporting audit. Created by the American Institute of CPAs (AICPA), SOC 2 is a comprehensive reporting framework aimed to assure customers and business partners that our security guidelines are in place and that we follow through on our commitment to data protection and transparency. Our SOC 2 assessment of non-financial reporting controls was conducted by a third-party auditor, Bronsky & Company, CPAs.
Pronounced like “sock,” this acronym stands for Service Organization Control and refers to specific reports from an independent third party to establish and provide trust service providers, like us. The independent, third-party auditor, Bronsky & Company, CPA’s, reviewed our internal controls, policies, and processes relating to risk management and our entire IT infrastructure. Each area of our business was evaluated, including our software development life cycle, change management, logical security, network security, physical and environmental security, and computer operations.
The SOC 2 Type 2 Audit tested our information systems and controls along with other procedures necessary to conform with the established standards. Our team of receivables professionals represents our corporate values of security, integrity, and trustworthiness and were prepared and committed to our audit. The extensive report focused on five areas of service delivery: security, availability, processing integrity, confidentiality, and privacy.
- Security – protects the system against unauthorized access, be it physical or logical
- Availability – makes the system available for use as agreed upon in contracts with customers
- Processing Integrity – ensures the complete and timely processing of information
- Confidentiality – protects any information deemed confidential with appropriate controls
- Privacy – handles any personal information per your organization’s privacy notice
These criteria must be addressed in every SOC audit. In addition to this standard criteria, we follow strict information security policies and procedures that are based heavily on AICPA’s latest set of Trust Service Principles Criteria, TSP 100 – 2017. Huntington Debt Holding derives best practices from our audit preparation process and strives to continuously evolve with managing cybersecurity threats, effective processes, and controls in place to detect, respond to, mitigate, and recover from breaches and other security events that impact our digital world.
This scrutiny proves that Huntington Debt Holding has the appropriate controls in place to mitigate risks related to our customers. “We believe that providing superior customer service begins with keeping our clients, our customers, and their data safe and secure. We take this responsibility very seriously and we want people to know that we fiercely protect the data that is entrusted to us. Performing our SOC 2 audit helps provide immediate proof that we do,” says Dennis DiGesare, Chief Compliance Officer.
Compliance and customer service have always been the foundation of Huntington Debt Holding. We understand the critical importance of a confident and informed team. We keep our staff current with changing and emerging legislation through regular training and testing. Our employees participate in training on processes and procedures, industry regulations, and client parameters to ensure the highest levels of compliance that drive improved performance and bottom-line results for creditors.
The professional Huntington Debt Holding team understands that data security is a keystone of successful debt purchasing and portfolio management. Utilizing our forward-thinking infrastructure and technology systems, we implement secure data transfers and storage to ensure the highest levels of data integrity and protection.
The completion of the SOC 2 Type 2 audit offers our customers additional assurance, through an independent auditor, that our business process, information technology, and risk management controls are properly designed and managed. We invite you to learn more about us through our social media channels, like following Huntington Debt Holding on Facebook and LinkedIn, or by subscribing to our YouTube channel.
About Bronsky & Company, CPAs
Williamsville, NY-based Bronsky & Company, CPAs was formed in 1989 by Samuel M. Bronsky, CPA. has grown the practice over the past 25 years into a team of professionals and staff with a focus on small to mid-size businesses in industries ranging from manufacturing to debt collection. Members of the American Institute of Certified Public Accountants and New York State Society of Certified Public Accountants.
About Huntington Debt Holding
Huntington Debt Holding, LLC is a nationally licensed receivables management firm that specializes in the acquisition and management of non-performing accounts receivable portfolios and is proud to be a trusted partner to some of the nation’s largest issuers. Our team upholds the highest standards of compliance and integrity to provide a positive experience throughout every transaction. Huntington Debt Holding is located in Amherst, New York.