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First Rate Receives SSAE 16 Type 2 Certification for the Ninth Year

First Rate, a leading provider of performance measurement solutions for the financial services industry, today announced it has received the SSAE 16 SOC Type 2 certification for 2011-2012.

“We are pleased to receive this third-party confirmation that our corporate facilities, data centers, information security practices and procedures, meet and exceed the SSAE 16 standards,” said Fred Johnson, director of operations at First Rate. “We strive to provide exceptional service to our clients and maintain a desire for continual improvement. This certification is one of a number of steps we take as a firm to ensure the confidentiality and integrity of our clients’ data.”

The Statement on Standards for Attestation Engagements (SSAE) No. 16 is a certification of a vendor’s policies, procedures and data security controls. The reporting standard is a requirement for firms that are responsible for handling confidential and proprietary data. The SSAE 16 replaces the SAS 70 as the authoritative guideline for reporting on organizations. The Service Auditor’s Report by a third-party organization differentiates the servic

For more than 9 years, First Rate has met the standards designated for the SAS 70 and now the SSAE 16, being recognized as an organization that has gone through the in-depth audit of its control objectives and control activities, including controls over information technology and related processes. e organization by demonstrating the establishment of control objectives and effectively designed control activities.