Integrated Financial Settlements Reaffirms Commitment to Data Security with Renewed Attestations

GREENWOOD VILLAGE, CO (November 27, 2024) – Integrated Financial Settlements (IFS), a leader in structured settlement services, is proud to announce that it has once again achieved SOC 2 Type 2, SOC 3, and HIPAA HITECH Type 2 attestations. This milestone encompasses IFS and its family of companies, including Arcadia Settlements Group, Structures, Inc., and JMW Settlements.

These renewed attestations underscore IFS’s ongoing commitment to maintaining the highest standards of data security and compliance in the industry. As these standards become increasingly critical for clients, they also contribute to managing insurance costs, particularly for Errors & Omissions (E&O) and Cyber coverage.

“Our recertification demonstrates our unwavering dedication to protecting our clients’ sensitive information,” said John Lashmet, Chief Technology Officer of Information Technology and Security at IFS. “In an era where data security is paramount, these attestations reinforce our position as a trusted partner in the structured settlements field.”

The significance of these attestations includes:

  • SOC 2 and SOC 3: Developed by the American Institute of Certified Public Accountants (AICPA), these global standards evaluate an organization’s data protection measures. The SOC 2 Type 2 report verifies the effectiveness of these controls over time, while SOC 3 provides external assurance of the company’s commitment to data security.
  • HIPAA HITECH Type 2: This certification ensures compliance with stringent standards for protecting electronic health information under the Health Insurance Portability and Accountability Act (HIPAA) and the Health Information Technology for Economic and Clinical Health Act (HITECH).

These achievements offer multiple benefits to IFS and its clients:

  1. Enhanced Trust: Clients can be confident that their data is handled with the utmost care and security.
  2. Risk Mitigation: Robust security measures significantly reduce the risk of data breaches.
  3. Competitive Edge: These attestations distinguish IFS as a leader in security and compliance within the industry.
  4. Cost Management: Meeting these standards helps contain costs for essential insurance coverages.
  5. As IFS continues to handle confidential client information, including financial and medical records, these attestations reaffirm its commitment to excellence in data protection and privacy.

About Integrated Financial Settlements:
IFS is a family of companies dedicated to providing care and financial security to individuals and families who have experienced personal injury. With a focus on experience, innovation, and security, IFS companies offer the best settlement results for their clients.

Contact:
Integrated Financial Settlements
marketing@ifscompanies.com