Integrated Financial Settlements Announces Data Security Achievements with HIPAA HITECH, SOC2, and SOC3 Compliance
Integrated Financial Settlements continues to lead the industry in reducing risk and improving client confidence in compliance and security.
GREENWOOD VILLAGE, CO (December 8th, 2022) – Integrated Financial Settlements (IFS), a leader in structured settlement services, is pleased to announce that we have achieved HIPAA HITECH Certification and earned both System and Organization Controls (SOC) 2 Type 2 and 3 Attestations.
This is a significant milestone for our company and demonstrates our commitment to protecting our customers' data. These achievements recognize that we have met rigorous industry standards for security and privacy and are committed to maintaining the highest levels of protection for our customers' sensitive information.
Integrated Financial Settlements continues to maintain and invest in various security capabilities, solutions, and features to meet the ever-changing threat landscape. The value these efforts bring to customers include:
SOC 2 Type 2 and SOC 3 report attestations are considered the gold standard for data security. These attestations are granted by the American Institute of Certified Public Accounts (AICPA), assuring our customers that IFS has appropriate controls to protect our customers’ data and provide a secure platform for their operations.
HIPAA HITECH certification confirms that we have implemented the necessary controls and safeguards to protect the privacy of Protected Health Information (PHI).
John Lashmet, VP of Information Technology and Security, said, "We take the security and privacy of our customers' data very seriously. Several years ago, we decided as a company to place the confidentiality, integrity, and availability of our client's data at the forefront of everything we do at our organization. Going through a SOC2, SOC3, and HIPAA audit is a testament to our commitment to this process and protecting our customers and their sensitive information. Achieving these attestations is no small feat, and we will continue prioritizing the security and privacy of our customers’ data."
About Integrated Financial Settlements:
IFS is a family of companies dedicated to bringing care and financial security to individuals and families who have experienced personal injury. Our companies employ the most experienced and thoughtful people, armed with the latest products, technology, and security capabilities, to provide our clients with the best settlement results.
Integrated Financial Settlements