Lam Cloud colocation meets industry and regulatory standards

By : |October 10, 2013 0

CRANBURY, USA: Lam Cloud Management announced the completion of a Statement on Standards for Attestation Engagements No. 16 (SSAE 16) Controls at a Service Organization (SOC 1) Type I examination for its Colocation Services.

The successful completion of the voluntary examination reinforces Lam Cloud’s strong commitment to operational excellence and client satisfaction by verifying its utilization of the most stringent controls for the protection and security of customer’s mission-critical and sensitive information.

The SSAE 16 examination is an internationally recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA) that examines the controls and critical processes involved in financial reporting as well as storing, handling, and transmitting data securely. The examination superseded the Statement on Auditing Standards No. 70 (SAS 70) standard on June 15, 2011.

To achieve compliance, Lam Cloud underwent a rigorous independent audit of its control objectives and activities relating to: oversight by executive management; risk assessment; monitoring activities; information and communication systems; physical and environmental security; and other supporting areas. Upon completing the assessment, the organization received a Service Auditors’ Report with a clean opinion and no exceptions.

“The successful completion of the Type I SSAE 16 examination validates Lam Cloud’s ability to maintain the highest standards of processes, controls, procedures and infrastructure, delivering the highest degree of security, reliability and support for our customers’ business environments,” said Lawrence Lam, founder and president, Lam Cloud Management.

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