01:29 PM EST, 11/25/2024 (MT Newswires) -- VersaBank ( VBNK ) on Monday said its DRT Cyber's unit's Penetration Testing division, Digital Boundary Group, (DBG), obtained System and Organization Controls 2 (SOC2) Type 1 Certification.

This certification affirms that DBG's services comply with the SOC Trust Services Criteria for Security.

"DRTC has a track record of strong, steady growth and, as a premier North American provider in the increasingly critical cybersecurity services industry, we are focused on accelerating that growth," said VersaBank ( VBNK ) chief executive David Taylor said. "This certification - the gold standard of testing and compliance in IT security -- further enhances the value proposition of our state-of-the-art cyber security capabilities for our customers, supporting DRTC aggressive growth plans."

Developed by the American Institute of Certified Public Accountants, SOC2 outlines how organizations manage customer data securely and confidentially. The attestation process included a compliance audit conducted by Ernst & Young.

VersaBank ( VBNK ) was last seen up $0.55 to $24.25 on the Toronto Stock Exchange.

Price: 24.25, Change: +0.55, Percent Change: +2.32