Leger’s Latest Audit Was Not Related To June’s Data Breach

Ledger’s latest audit was not related to the data breach event in June as it seems the review was already in process before the attack happened.
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Following the latest developments, we are reading more about Ledger in our blockchain news.

The popular hardware wallet company announced that it had passed a notable security evaluation- SOC 2 Type 1. This certification came after the major data breach that the company suffered from in June. However, Ledger’s latest audit was not related to the data breach in June, as a representative from the company said:

“Ledger is always seeking to raise the security standards and has been working on getting the attestation prior to the data breach.”

The news of Ledger’s completed SOC 2 Type 1 audit came in October and gave the market a strong boost of confidence based on the trusted mainstream security benchmark. The representative explained:

“The SOC II attestation refers both to the System, in this case, Ledger Vault only, and the Organization: Ledger as a whole. Hence, if the SOC 2 Type 1 only applies to Ledger Vault, the Ledger organization as a whole has been audited (onboarding of collaborators, third party interactions, etc.).”

Ledger was made aware of the database weakness in July that they patched fast enough but the company also uncovered the previous huge data breach that occurred in June which leaked thousands of customers’ names, addresses and other potentially sensitive information. The former CTO of Core Scientific Kristy-Leigh Minehan said that the SOC 2 Type 1 is all about assessing the design of the security process at a specific point in time:

“They would only be evaluated up until the point when they executed it, not necessarily when they were awarded it.”

We did previously report on Ledger’s audit. Ledger, the crypto company that provides a number of hardware wallet solutions has finally obtained a successful System and Organization Controls Type 1 test. Friedman LLP, which is an Accounting New-York based accounting firm, ran the SOC2 Type 1 test on the Ledger crypto wallet according to t the statement that we have today in our crypto news:

“By obtaining the SOC 2 Type 1 report, we are now able to provide an additional layer of verified security to our clients, assuring that the Vault solution is secured at all times and that we have the processes in place to ensure availability.”