QuoteMedia Achieves SOC 2 Type II Certification

Rhea-AI Summary

On March 24, 2023, QuoteMedia, Inc. (OTCQB: QMCI) announced its achievement of SOC 2 Type II accreditation. This certification verifies the company's capability to securely manage customer data and protect it from unauthorized access. The rigorous audit by an independent third party assessed various controls related to security, availability, processing integrity, confidentiality, and privacy. CEO Dave Shworan emphasized the significance of this accreditation in demonstrating QuoteMedia's commitment to the highest levels of security and reliability for its financial market data and solutions. This accomplishment showcases the company's dedication to maintaining a secure environment for customer data.

Positive

• Achievement of SOC 2 Type II accreditation highlights QuoteMedia's strong commitment to data security.
• Independent audit reinforces QuoteMedia's robust controls and processes for managing customer data.

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• None.

PHOENIX, March 24, 2023 (GLOBE NEWSWIRE) -- QuoteMedia, Inc. (OTCQB: QMCI), a leading provider of market data and financial applications, today announced that it has achieved SOC 2 Type II accreditation.

The SOC 2 Type II accreditation is a rigorous certification that requires companies to demonstrate their ability to securely manage customer data and protect against unauthorized access. The accreditation is awarded to companies that have implemented a comprehensive set of controls and processes to ensure the confidentiality, integrity, and availability of their services.

"We are thrilled to have achieved SOC 2 Type II accreditation, which is a testament to our commitment to providing the highest levels of security and reliability to our customers," said Dave Shworan, CEO of QuoteMedia Ltd. "As a leading provider of financial market data and solutions, we understand the critical importance of safeguarding our customers' data, and we take this responsibility very seriously."

To achieve SOC 2 Type II accreditation, QuoteMedia underwent a demanding audit by an independent third-party auditor. The audit assessed the company's controls and processes related to security, availability, processing integrity, confidentiality, and privacy. QuoteMedia’s implementation of robust controls and processes is evidence of its dedication to maintaining a secure and reliable environment for customer data.

About QuoteMedia

QuoteMedia is a leading software developer and cloud-based syndicator of financial market information and streaming financial data solutions to media, corporations, online brokerages, and financial services companies. The Company licenses interactive stock research tools such as streaming real-time quotes, market research, news, charting, option chains, filings, corporate financials, insider reports, market indices, portfolio management systems, and data feeds. QuoteMedia provides industry leading market data solutions and financial services for companies such as the Nasdaq Stock Exchange, TMX Group (TSX Stock Exchange), Canadian Securities Exchange (CSE), London Stock Exchange Group, FIS, U.S. Bank, Bank of Montreal (BMO), Broadridge Financial Systems, JPMorgan Chase, Scotiabank, CI Financial, Canaccord Genuity Corp., Hilltop Securities, Avantax, Stockhouse, Zacks Investment Research, General Electric, Boeing, Bombardier, Telus International, Business Wire, PR Newswire, The Goldman Sachs Group, Regal Securities, ChoiceTrade, Cetera Financial Group, Dynamic Trend, Inc., Credential Qtrade Securities, CNW Group, iA Private Wealth, Ally Invest, Inc., Suncor, Leede Jones Gable, Firstrade Securities, Charles Schwab, First Financial, Equisolve, Stock-Trak, Mergent, Cision and others. Quotestream®, QMod™ and Quotestream Connect™ are trademarks of QuoteMedia. For more information, please visit www.quotemedia.com.

QuoteMedia Investor Relations
Brendan Hopkins
Email: investors@quotemedia.com
Call: (407) 645-5295

FAQ

What does SOC 2 Type II accreditation mean for QuoteMedia (QMCI)?

SOC 2 Type II accreditation signifies that QuoteMedia has implemented comprehensive controls to ensure the security and confidentiality of customer data.

When did QuoteMedia achieve SOC 2 Type II accreditation?

QuoteMedia announced the achievement of SOC 2 Type II accreditation on March 24, 2023.

Who conducted the audit for QuoteMedia's SOC 2 Type II accreditation?

The audit for QuoteMedia's SOC 2 Type II accreditation was conducted by an independent third-party auditor.

How does SOC 2 Type II accreditation benefit QuoteMedia's customers?

The accreditation benefits QuoteMedia's customers by ensuring their data is managed securely, reducing the risk of unauthorized access.