Berlin, Germany, 24 March 2021 — Elucidate, the financial crime risk scoring platform and creator of the BaFin/ESMA-regulated Elucidate FinCrime Index (EFI), has been awarded the ISO 27001:2013 certification after meeting the requirements for establishing, implementing, and maintaining an information security management system (ISMS) as required by the International Organization for Standardization (ISO).
Elucidate has been awarded the certification for operating an ISMS which complies with all the requirements of ISO/IEC 27001:2013, covering systems, policies and processes, technology and human resources. This means that Elucidate has successfully built an ISMS framework that is capable of managing and protecting information assets and systems for safety and security.
Shane Riedel, CEO and Co-Founder at Elucidate, said: "Adhering to the highest security standards is part of the Elucidate DNA. With this certificate, Elucidate has again met the highest standards in relation to privacy, operations and security."
The ISO 27001:2013 includes reviewing of all information systems, policies, procedures, processes and controls; mapping risks and establishing measures to mitigate or eliminate them; identifying all internal and external stakeholders relevant to the ISMS as well as communicate the ISMS policy to the entire personnel and ensure adherence; securing the commitment of top management; establishing a framework to manage legal and regulatory requirements.
This certification highlights and confirms Elucidate’s commitment to ensure client data are handled with the utmost care and in compliance with the highest security standards.
"To make this happen we have enhanced our internal processes and procedures, drafted and reviewed existing policies and organised internal training." said Filipe Garcia, CTO and Co-Founder at Elucidate, referring to the work done. "Since our founding, Elucidate has followed the principles of privacy by design and privacy by default. This ISO certificate evidences that to the outside world".
In order to support all the ISO 27001 certification, Elucidate has built an internal team fully dedicated to privacy and security with CTO Garcia and Iole Neviani, Legal Counsel, becoming Certified ISO 27001 ISMS Lead Implementers.
Elucidate attains the certification following their recent financing round and as they expand market coverage of the EFI to 100% of the market including banks, non-banking financial institutions (NBFIs), VASPs and fintechs .
Certificate number: 31022-001
About Elucidate: Elucidate (https://www.elucidate.co) is a financial crime risk quantification platform, regulated by the BaFin and ESMA, providing the market’s only authorised financial crime benchmark. From our base in Siliconallee, one of Berlin’s most diverse teams works with global financial institutions and regulators with the goal of identifying, minimising, and pricing their financial crime risk exposure.
For more information about this press release contact firstname.lastname@example.org