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26 March 2024news

SRS gets data security certification

Strategic Risk Solutions (SRS) has acquired ISO/IEC 27001 Certification, supporting its long-standing allegiance to providing its clients with the utmost security in safety and privacy of their data.

ISO certification is an internationally recognised credential that validates a business’ fulfilment of requirements that relate to the security of information.

“SRS takes its data privacy and protection extremely seriously because of the nature of our business in dealing with a diverse range of clients from small entities to large multi-national corporations,” said Trung Khuu, SRS director. “ISO/IEC 27001 focuses on information security management systems and it covers our people, procedures we have in place, and the technology we use to service our clients.”

“This certification exemplifies our commitment to information security management excellence for our clients’ data, as well as to operational merit, as this project involved a significant time and financial commitment of SRS,” noted Brady Young, SRS chief executive. “SRS is the only captive manager that has both an ISO/IEC 27001 certification for our information security management systems, and a SOC 1 ICFR Integrated Type 2 Report prepared in accordance with AICPA SSAE 18 and IAASB ISAE 3402 standards for the suitability of the design and operating effectiveness of its controls on its insurance management systems.”

SRS was fully audited by the third-party organisation, BSI, the business improvement and standards company. Achieving this ISO/IEC 27001 certification included a comprehensive assessment of SRS’ information security management practices, policies, and controls. This certificate demonstrates SRS’ conformity to the quality process standards set forth by ISO.

David Mudd, global head of digital trust, assurance at BSI said “The global digital landscape is changing, with core business practices now increasingly digitally reliant. Trust in the ability to handle sensitive data securely has become a key factor in business success as the considerations in this area escalate. BSI is proud to be a trusted partner as organisations respond to this.

“This certification for Information Security demonstrates SRS’s commitment to excellence in information security management and its dedication to establishing digital trust with its clients and stakeholders. The certification required input from all of SRS’s employees driven by the leadership team. The team should be very proud of this achievement. Congratulations all.”

Standards for ISO certification are defined by the International Standards Organisation which is a non-governmental organisation that determines specifications for products, services, and systems for quality and efficiency. Having this certification verifies the safety measures SRS has put into place to defend against cyber-attacks, as well as more common threats, such as accidental breaches or human error. Approximately 30,000 businesses worldwide are ISO certified. SRS is also SOC certified which guides the establishment of controls in the proper placement.

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23 January 2024   The Zurich-based MGU is due to start business this quarter.
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29 January 2024   The purchase of the Guernsey and Gibraltar company is part of its strategy to become largest European captive manager.