BurstIQ’s Health Data Network Maintains High Security Standards

  • The audit was carried out by independent CPA firm Linford & Co.
  • BurstIQ is currently the only blockchain-enabled health data solution to have SOC 2 Type 2 certification.

Image from Shutterstock

Developer of enterprise-level healthcare blockchain data platform, BurstIQ, announced that it has completed its 2020 independent SOC 2 Type 2 audit successfully, which determined the company safeguards customer data according to regulations. The audit was performed by certified auditing firm Linford & Co as stated in a press release on 6 January.

This is BurstIQ’s third successful SOC 2 Type 2 audit in a row after those undergone in 2018 and 2019. In all three instances, the auditing company made no exceptions and BurstIQ managed to pass with the highest level possible.

The Denver-based company provides data and cyber security services for the healthcare, identity, and life sciences industries. Using NIST security standards, BurstIQ’s network is fully compliant with HIPAA and GDPR. BurstIQ is still the only blockchain-based health data platform to be granted certification under the SOC 2 Type 2 audit requirements.

CTO of BurstIQ, Tyson Henry, explained his team has decades of experience in building and testing high-security data networks, and they know what it takes to be SOC compliant. He went even further, commenting that data security is in BurstIQ ‘s DNA, adding:

“For our partners, security translates to trust. It means they can focus on bringing health and identity solutions to market faster, because all of their back-end data infrastructure is taken care of.”

Related Coverage
Paxos in “Constructive Discussions” With SEC Over BUSD
  • Stablecoin issuer Paxos has engaged the SEC in “constructive discussions” over its allegation that BUSD is a security, ready to defend its position in litigation.
  • The company also revealed it will be ending its relationship with Binance, but noted that the decision was separate from the NYDFS and SEC investigations.
February 21, 2023, 6:00 PM


Paxos Disagrees With SEC That BUSD is a Security
  • Paxos confirmed it had received a Wells Notice from the U.S. SEC on 3 February, that claimed BUSD was an unregistered security.
  • The company said it “categorically disagrees” with the SEC’s claim, and that it was prepared to “vigorously litigate if necessary”.
Binance Enables Institutions to Trade Using Cold Storage Assets
  • The new product from Binance Custody will allow institutional clients to trade in the Binance ecosystem using assets from their cold-storage accounts.
  • Called Binance Mirror, the off-exchange settlement solution has already attracted the attention of institutional investors, accounting for more than 60% of all assets secured on Binance Custody.