Company
Date Published
Author
Kenneth Moras
Word count
506
Language
English
Hacker News points
None

Summary

Plaid has achieved ISO27001 and ISO27701 certification, demonstrating its commitment to consumer data security and privacy. This achievement strengthens Plaid's principles of giving users control over their financial information while ensuring the secure handling of their data. The certifications are internationally recognized standards that outline best practices for managing information security risks and extending them to international privacy frameworks and laws. To earn these certifications, Plaid underwent rigorous evaluation by a third-party auditor, which certified that the company has demonstrated a commitment to its practices and policies, has adequate management controls in place, and will continuously improve its privacy and security posture as the industry evolves. This certification is significant as it streamlines compliance processes for companies evaluating Plaid's policies and practices, providing faster decisioning based on third-party analysis of crucial data security and privacy obligations.