News & Events

Generic Network Systems Successfully Completes Annual SSAE 18, SOC 1 Audit



New York, 01/26/2018 - Generic Network Systems, LLC, a leading global managed services and hosting provider specializing in financial systems, is pleased to announce the company's completion of this year's SSAE 18 Service Organization Control (SOC) 1 Type 2 examination. This audit certifies that GNS policies, procedures and controls have been formally evaluated and tested for adherence to the American Institute of Certified Public Accountants (AICPA) industry standard by an independent auditing firm. The examination includes controls as they pertain to services provided to GNS clients, where those controls are likely to be relevant to their own internal control over financial reporting, including that of:

  • Risk Management
  • Change Control
  • Business Continuity
  • Information Security
  • Data Backup & Recovery
  • Logical and Physical Access Control
  • Network and Systems Security and Monitoring

GNS CTO Rob Trangmar remarked, ''This certification represents GNS's continued commitment to meeting our industry's most stringent information security requirements, and quite simply, instills a confidence in our clients that the security technology controls we've implemented will provide them with the upmost protection for their confidential data and systems.''

An SSAE 18 SOC 1 examination is widely recognized because it represents that a service organization has undergone a thorough evaluation of their control activities as they relate to an audit of the financial statements of its customers. A Type 2 report not only includes the service organization's system description, but also includes detailed testing of the design and operating effectiveness of the service organization's controls.

Added GNS COO Tim Gamble, "Our goal has always been to provide the highest standards of protection to our clients, from both a security and technology standpoint, and the results of this audit further validates our standing as an industry leader in this arena."

Founded in 2000, Generic Network Systems is privately held company with offices in New York, Portland, San Francisco, and London. For more on GNS, visit www.gnetsys.net.

For additional information, please contact:
Tim Gamble, Chief Operating Officer
Generic Network Systems, LLC.
(212) 268-4722 X119 | tim.gamble@gnetsys.net

This press release was published on 01.26.2018. For more information, please contact Tim Gamble at tim.gamble@gnetsys.net.