Latitude Subrogation Services Achieves SOC 2 Type II Certification

PR Newswire

LIVONIA, Mich., March 5, 2018 /PRNewswire/ -- Latitude Subrogation Services, a leader in recovery services for the insurance industry, has achieved Service Organization Control 2 Type II certification from the Association of International Certified Professional Accountants, which recognizes the reliability of the firm's services.

The certification offers assurance and information about Latitude's controls relevant to security, availability and integrity of the systems used to process users' data, as well as the confidentiality and privacy of the information. The company partnered with Rehmann, a leading financial services firm, to provide the independent, qualified assessment to ensure all policies and procedures relevant to the subrogation industry were considered. Latitude had previously attained the SOC 1 certification, which recognizes the accounting and procedural controls of clients' financial transactions.

"Honesty and integrity are core values at Latitude Subrogation Services, and both SOC 1 and SOC 2 Type II certifications are important recognition of those critical aspects of the way we do business," said Jon Coscia, president of Latitude Subrogation Services. "We take seriously the protection of important client data and have controls in place to keep it safe and secure, just as we would our own. At the same time, we believe it's essential to be forthcoming about our processes to demonstrate our tested dependability to current and future clients."

To keep client records, transactions and data safe, Latitude Subrogation Services regularly reviews controls as well as risk factors present in the industry, adding new controls as the landscape changes. Maintaining both SOC 1 and SOC 2 Type II certifications separates Latitude Subrogation Services from many other companies in the industry, guaranteeing accountability in all aspects of client relations.

SOC 2 reports are used to report on management oversight; vendor management programs; internal corporate governance and risk management processes; and regulatory oversight, all based upon the Trust Services Principles and Criteria for service organizations.

About Latitude Subrogation Services

Since 1997, LSS has provided solutions for insurers, self-insured entities, third party administrators and specialty risk companies as a subrogation vendor and purchaser of subrogation assets. Through the vision of Founder Bradley J. Schram, Esq., and a strong management team, the company has experienced steady growth by maintaining strong relationships with its client partners.