TMG Utility Advisory Services, Inc. dba TMG Consulting, Inc. (TMG) announced today that it has achieved SOC 2 Type II compliance in accordance with American Institute of Certified Public Accountants (AICPA) standards for SOC for Service Organizations, also known as SSAE 18. Achieving this standard with an unqualified opinion serves as third-party industry validation that TMG provides enterprise-level security for its customer’s data, with improved controls and processes to ensure greater protection.
“Security is becoming an increasing topic of interest in the Utility industry, and this type of certification is an example of something that should be practiced more widely across the industry. An unqualified opinion on a SOC 2 Type II audit report demonstrates to TMG current and future customers that we manage their data with the highest standards of security and compliance”, said Mario Bauer, CEO.
SOC 2 Type II reports are industry-recognized security audits which assure the design and effectiveness of controls in place at a service organization, demonstrating the company's ability to adhere to critical security practices. The rigorous project and audit, which spanned a year, included the trust services criteria relevant to Security set forth in TSP 100, 2017 Trust Services Criteria for Security, Availability, Processing Integrity, Confidentiality, and Privacy.
TMG Utility Advisory Services, Inc. dba TMG Consulting, Inc. was audited by Prescient Assurance, a leader in security and compliance attestation for B2B, SAAS companies worldwide. Prescient Assurance is a registered public accounting firm in the US and Canada. It provides risk management and assurance services which include but is not limited to SOC 2, PCI, ISO, NIST, GDPR, CCPA, HIPAA, and CSA STAR.
TMG Consulting is an advisory and professional services firm working with utilities to plan, develop, implement, and manage their ecosystem of digital technology solutions and service providers. Over the past 30 years, TMG has worked with over 370 utilities, matching their business needs with digital solutions, systems integrators, and implementation services to maximize the value of their customers and optimize and de-risk their IT investment. TMG brings deep experience across all major IT domains, including CIS, Metering, Asset Management, Work Management, Resource Planning, and ERP environments. TMG’s clients include Utilities of all sizes providing Water, Gas, Electric, and Municipal Services in both regulated, competitive, and public power markets.