Abacus Group Certifies Participation in the Data Privacy Framework (DPF)
by Abacus Group, on Nov 20, 2023
New York – November 20, 2023 – Abacus Group, the leading Managed Services Provider (“MSP”) to alternative investment firms, today announced its inclusion on the Data Privacy Framework (DPF) participants’ list to reflect its ongoing commitment to client data privacy and protection.
Compliance with the Data Privacy Framework (DPF), which is administered by the International US Department of Commerce, confirms Abacus Group’s ability to facilitate safe and reliable personal data transfers to the United States from the European Union (EU), United Kingdom (UK) and Switzerland, whilst also ensuring consistent data protection under EU, UK and Swiss law.
“Data protection is of paramount importance to our operations and a key foundation of trust with our customers, vendors, partners, and employees. Our inclusion on the DPF list reinforces to every stakeholder and business we work with that we take their data privacy and security seriously and follow the appropriate practices to keep it secure. Data protection is everyone’s business, and we believe that every organization has a responsibility to safeguard it,” says Mark Kenny, Senior Director of Operations, Abacus Group.
The policy protects all personal data for current, former and prospective clients, partners, principals and employees, and third parties. Recognition under the framework is also a testament to Abacus Group taking the required measures to protect personal information against loss, misuse, unauthorized access, disclosure, alteration and destruction. The company incorporates steps to protect personal information and the risks involved in its processing, alongside best practices in the industry for security and data protection.
Abacus will renew its certification annually and will conduct an in-house verification process to ensure continued compliance.
About Abacus Group
Abacus Group is a leading provider of IT solutions and services focused on helping alternative investment firms by providing an enterprise technology platform specifically designed for the unique needs of the financial services industry. The innovative and award-winning Abacus Cloud platform allows investment managers to source all technology needs as a service, offering the capacity to scale on demand to meet current and future cybersecurity, storage and compliance requirements. The company has offices in New York, NY; San Francisco, CA; Boston, MA; Dallas, TX; Greenwich, CT; Los Angeles, CA; Charlotte, NC; Miami, FL; and London, England. For more information, visit www.abacusgroupllc.com.