Rekor Secures SOC2 Type II Certification, Setting Standard for Roadway Data Protection
Rekor Systems, Inc. (NASDAQ:REKR) has announced that its Rekor Scout® and Rekor Discover™ platforms have successfully completed the SOC 2 Type II audit, joining the already SOC 2 compliant Rekor Command™ platform. This certification, conducted by KPMG, affirms Rekor's commitment to high standards of security and operational excellence. The SOC 2 Type II compliance covers five 'Trust Service Criteria': security, availability, processing integrity, confidentiality, and privacy.
CEO David Desharnais emphasized that this achievement reinforces clients' trust in Rekor's data management capabilities. The company's platforms provide AI-driven solutions for public safety, traffic analytics, and roadway intelligence. This certification follows Rekor's introduction of advanced cybersecurity capabilities in May 2024, aligning with emerging government AI and cybersecurity policies.
Rekor Systems, Inc. (NASDAQ:REKR) ha annunciato che le sue piattaforme Rekor Scout® e Rekor Discover™ hanno completato con successo l'audit SOC 2 Type II, unendosi alla già conforme Rekor Command™. Questa certificazione, condotta da KPMG, conferma l'impegno di Rekor verso elevati standard di sicurezza ed eccellenza operativa. La conformità SOC 2 Type II copre cinque 'Criteri di Servizio di Fiducia': sicurezza, disponibilità, integrità del trattamento, riservatezza e privacy.
Il CEO David Desharnais ha sottolineato che questo traguardo rafforza la fiducia dei clienti nelle capacità di gestione dei dati di Rekor. Le piattaforme dell'azienda offrono soluzioni basate sull'IA per la sicurezza pubblica, analisi del traffico e intelligenza stradale. Questa certificazione segue l'introduzione da parte di Rekor di avanzate capacità di cybersecurity a maggio 2024, in linea con le politiche emergenti del governo in materia di IA e cybersecurity.
Rekor Systems, Inc. (NASDAQ:REKR) ha anunciado que sus plataformas Rekor Scout® y Rekor Discover™ han completado con éxito la auditoría SOC 2 Tipo II, uniéndose a la plataforma Rekor Command™ que ya cumple con SOC 2. Esta certificación, realizada por KPMG, reafirma el compromiso de Rekor con altos estándares de seguridad y excelencia operativa. El cumplimiento de SOC 2 Tipo II abarca cinco 'Criterios de Servicio de Confianza': seguridad, disponibilidad, integridad del procesamiento, confidencialidad y privacidad.
El CEO David Desharnais enfatizó que este logro refuerza la confianza de los clientes en las capacidades de gestión de datos de Rekor. Las plataformas de la empresa ofrecen soluciones impulsadas por IA para la seguridad pública, análisis de tráfico e inteligencia vial. Esta certificación sigue a la introducción de capacidades avanzadas de ciberseguridad por parte de Rekor en mayo de 2024, alineándose con las políticas emergentes del gobierno sobre IA y ciberseguridad.
Rekor Systems, Inc. (NASDAQ:REKR)는 Rekor Scout® 및 Rekor Discover™ 플랫폼이 SOC 2 Type II 감사에 성공적으로 완료되었다고 발표했습니다, 이미 SOC 2 준수를 이룬 Rekor Command™ 플랫폼과 함께합니다. 이 인증은 KPMG에 의해 수행되었으며, Rekor의 높은 보안 및 운영 우수성 기준에 대한 약속을 확인합니다. SOC 2 Type II 준수는 보안, 가용성, 처리 무결성, 기밀성 및 개인 정보 보호라는 다섯 가지 '신뢰 서비스 기준'을 포함합니다.
CEO David Desharnais는 이 성과가 Rekor의 데이터 관리 능력에 대한 고객의 신뢰를 강화한다고 강조했습니다. 회사의 플랫폼은 공공 안전, 교통 분석 및 도로 정보에 대한 AI 기반 솔루션을 제공합니다. 이 인증은 2024년 5월 Rekor가 도입한 고급 사이버 보안 기능에 뒤따르며, 이는 정부의 AI 및 사이버 보안 정책과 일치합니다.
Rekor Systems, Inc. (NASDAQ:REKR) a annoncé que ses plateformes Rekor Scout® et Rekor Discover™ ont réussi l'audit SOC 2 Type II, rejoignant ainsi la plateforme Rekor Command™ déjà conforme au SOC 2. Cette certification, réalisée par KPMG, réaffirme l'engagement de Rekor envers des normes élevées de sécurité et d'excellence opérationnelle. La conformité au SOC 2 Type II couvre cinq 'Critères de Service de Confiance': sécurité, disponibilité, intégrité des traitements, confidentialité et protection de la vie privée.
Le PDG David Desharnais a souligné que cette réalisation renforce la confiance des clients dans les capacités de gestion des données de Rekor. Les plateformes de l'entreprise offrent des solutions basées sur l'IA pour la sécurité publique, l'analyse du trafic et l'intelligence routière. Cette certification fait suite à l'introduction par Rekor de fonctions avancées de cybersécurité en mai 2024, en conformité avec les politiques émergentes du gouvernement en matière d'IA et de cybersécurité.
Rekor Systems, Inc. (NASDAQ:REKR) hat angekündigt, dass ihre Plattformen Rekor Scout® und Rekor Discover™ erfolgreich das SOC 2 Type II Audit abgeschlossen haben, und sich der bereits SOC 2-konformen Rekor Command™ Plattform anschließen. Dieses Zertifikat, das von KPMG durchgeführt wurde, bestätigt Rekors Engagement für hohe Sicherheits- und Betriebsstandards. Die SOC 2 Type II-Konformität umfasst fünf 'Trust Service Criteria': Sicherheit, Verfügbarkeit, Verarbeitungsintegrität, Vertraulichkeit und Datenschutz.
CEO David Desharnais betonte, dass dieser Erfolg das Vertrauen der Kunden in Rekors Datenmanagementfähigkeiten stärkt. Die Plattformen des Unternehmens bieten KI-gesteuerte Lösungen für öffentliche Sicherheit, Verkehrsanalysen und Straßenintelligenz. Diese Zertifizierung folgt auf Rekors Einführung fortschrittlicher Cybersicherheitsfunktionen im Mai 2024, im Einklang mit den aufkommenden Regierungsrichtlinien zu KI und Cybersicherheit.
- Achieved SOC 2 Type II certification for Rekor Scout® and Rekor Discover™ platforms
- Rekor Command™ platform was already SOC 2 compliant
- Demonstrates commitment to high standards of security and operational excellence
- Reinforces client trust in data management capabilities
- Aligns with emerging government AI and cybersecurity policies
- None.
Insights
Rekor's achievement of SOC2 Type II certification for its Rekor Scout® and Rekor Discover™ platforms is a significant milestone in data security. This certification, conducted by KPMG, validates Rekor's commitment to robust security practices and operational excellence. For investors, this enhances Rekor's credibility in the competitive roadway intelligence technology market.
The certification's impact extends beyond mere compliance. It strengthens Rekor's market position, potentially attracting security-conscious clients, especially in government and public safety sectors. This could lead to increased market share and revenue growth. Moreover, with the rising importance of data protection, this certification might become a key differentiator in future contract bids.
However, investors should note that while this certification is valuable, it's not a guarantee against all security risks. Continuous investment in cybersecurity will be important for Rekor to maintain its competitive edge in this rapidly evolving technological landscape.
Rekor's SOC2 Type II certification for its key platforms is a strategic move that aligns with growing market demands for data security in smart city and transportation technologies. This certification could potentially expand Rekor's addressable market, particularly among risk-averse clients like government agencies and large corporations.
The roadway intelligence market is projected to grow significantly, driven by smart city initiatives and the need for efficient traffic management. Rekor's enhanced security credentials position it to capitalize on this growth trend. However, investors should consider that while this certification is valuable, it's becoming increasingly common in the industry. The long-term competitive advantage will depend on Rekor's ability to innovate and deliver superior solutions consistently.
Financially, while the certification might not have an immediate impact on revenue, it could improve sales cycles and customer retention in the medium to long term, potentially leading to more stable and predictable cash flows.
Rekor provides Rekor Scout®, Rekor Discover™, and Rekor Command™ Customers with Certifiable Confidence and Trust in Data Security
COLUMBIA, MD / ACCESSWIRE / August 21, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that its Rekor Scout® and Rekor Discover™ platforms have successfully completed the Service Organization Control (SOC) 2 Type II audit, joining the already SOC 2 compliant Rekor Command™ platform. This achievement highlights Rekor's ongoing commitment to the highest standards of security and operational excellence.
The SOC 2 Type II audit, a rigorous auditing standard developed by the American Institute of Certified Public Accountants (AICPA), was conducted by KPMG, one of the world's leading professional services firms. The audit measures Rekor's internal controls, policies, and procedures against stringent security and operational standards defined by the SOC 2 framework. This certification is a critical affirmation of the suitability of Rekor's systems' design and its controls' operating effectiveness relevant to SOC 2 security criteria.
"The affirmation of SOC 2 compliance marks a significant accomplishment for Rekor and our Rekor Scout® and Rekor Discover™ platforms," said David Desharnais, CEO of Rekor Systems. "This certification highlights our commitment to ensuring our customers' highest level of data security. It also reinforces our clients' trust in us to manage their data with the utmost care and protection."
The SOC 2 certification defines criteria for managing customer data based on five "Trust Service Criteria"-security, availability, processing integrity, confidentiality, and privacy. Achieving SOC 2 Type II compliance means that Rekor implements critical security policies and has proven ongoing compliance over an extended period.
The Rekor Scout® platform provides a powerful, user-friendly, AI-driven software solution for public safety. It delivers industry-leading accuracy, real-time alerting, sophisticated investigative tools, searchable databases, individual and shared hotlists, flexible data retention, and more. Using proprietary AI algorithms, Rekor Scout® enables accurate vehicle and license plate recognition on nearly any IP, traffic, or security camera, extracting license plate numbers, state of origin, vehicle make, model, color, direction of travel, vehicle type, and more.
The Rekor Discover™ platform uses artificial intelligence and high-resolution video streams to fully automate the capture of comprehensive traffic and vehicle analytics across a variety of use cases. The Class, Count, and Speed application within Rekor Discover™ fully automates the safe capture of FHWA 13 vehicle classifications, vehicle counts, and speed utilizing high-resolution video streams to deliver federally required roadway ground truth studies.
The Rekor Command™ platform uses proprietary AI algorithms and technology to transform raw roadway and mobility data into actionable insights, enabling customers to make informed, real-time, and predictive decisions at greater speed. Using Rekor Command™, agencies can more quickly identify and respond to incidents, enhance Traffic Incident Management (TIM) timelines, improve traffic flow, minimize the risk of secondary accidents, decrease operational costs, boost efficiency, and enhance safety for roadway users and emergency responders.
This SOC 2 Type II compliance achievement builds on Rekor's continued commitment to cybersecurity, as demonstrated by the Company's May 2024 announcement introducing cutting-edge cybersecurity capabilities. Rekor's Edge AI-powered systems now feature real-time threat detection, dynamic monitoring, anomaly analysis, and automated incident response, further enhancing the security of state transportation infrastructure. This ongoing investment aligns with emerging government AI and cybersecurity policies, solidifying Rekor's role as a trusted partner in safeguarding the nation's transportation networks.
About Rekor Systems, Inc.
Rekor Systems, Inc. (NASDAQ:REKR) is a leader in developing and implementing state-of-the-art roadway intelligence systems using AI-enabled computer vision and machine learning. As a pioneer in the implementation of digital infrastructure, Rekor is collecting, connecting, and organizing the world's mobility data - laying the foundation for a digitally-enabled operating system for the roadway. With our Rekor One® Roadway Intelligence Engine at the core of our technology, we aggregate and transform trillions of data points into intelligence through proprietary computer vision, machine learning, and big data analytics that power our platforms and applications. Our solutions provide actionable insights that give governments and businesses a comprehensive picture of roadways while providing a collaborative environment that drives the world to be safer, greener, and more efficient. To learn more, please visit our website: https://rekor.ai, and follow Rekor on social media on LinkedIn, X (formerly Twitter), Threads, and Facebook.
Forward-Looking Statements
This press release and its links and attachments contain statements concerning Rekor Systems, Inc. and its future expectations, plans, and prospects that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the impact of Rekor's core suite of AI-powered technology and the size and shape of the global market for the Company's products and services. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements that are not statements of historical fact may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "may," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue," by the negative of these terms or by other similar expressions. You are cautioned that such statements are subject to many risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risk that actual circumstances, events or results may differ materially from those projected in the forward-looking statements, particularly as a result of various risks and other factors identified in our filings with the Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management's assumptions and estimates as of such date. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events, or otherwise.
Media & Investor Relations Contact:
Rekor Systems, Inc.
Charles Degliomini
ir@rekor.ai
SOURCE: Rekor Systems, Inc.
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