DENVER – CoreSite Realty Corporation (NYSE:COR), a premier provider of secure, reliable, high-performance data center and interconnection solutions across the U.S., today announced it has successfully completed the following annual examinations for the colocation services offered across its platform of 16 operating multi-tenant data centers:
- Service Organization Control (SOC) 2 Type 2
- Statement on Standards for Attestation Engagements (SSAE) No. 16 (SOC 1) Type 2
- International Organization for Standardization certification (ISO 27001)
- Payment Card Industry (PCI) Data Security Standard (DSS)
- Health Insurance Portability and Accountability Act (HIPAA) validation
The SOC 1 and SOC 2 examinations are attestation standards issued by the American Institute of Certified Public Accountants (AICPA). SOC 2 is measured using a standardized set of criteria, requirements, and controls; whereas, SOC 1 is measured against company-defined control objectives and underlying controls. The examinations provide CoreSite customers with the assurance of corporate controls, including controls relating to security, reliability, environmental compliance, and operational excellence. Companies with compliance requirements may require SOC 1 or SOC 2 examination reports, including publicly traded enterprises, financial firms, and healthcare organizations.
ISO 27001 is an internationally recognized standard that outlines the requirements for constructing a risk-based framework to initiate, implement, maintain, and manage information security within an organization. The ISO 27001 certification, one of the most stringent certifications for information security controls, confirms that specified information security controls and other forms of risk treatment are in place to detect and defend against potential data system vulnerabilities. The certification also ensures that the information security controls continue to meet security needs on an ongoing basis. The scope of the ISO 27001 certification is applicable to the information security management system (ISMS) supporting CoreSite’s provision and operation of 24x7 colocation services for its customers, and covers both its corporate policies and procedures as well as those of all of its operating data centers.
The PCI DSS is a comprehensive set of standards that require merchants and service providers that maintain or host systems that store, process, or transmit customer payment-card data to adhere to strict information security controls and processes. As a provider of data center colocation services, CoreSite has proactively met the relevant requirements for its business in support of the PCI compliance needs of its customers.
HIPAA requires that covered entities take strong measures to protect the privacy and security of health information. By attaining HIPAA validation, CoreSite provides assurance to healthcare providers and other related enterprises that its national platform of multi-tenant data centers conforms to a high standard of data security and provides a secure environment for customers’ sensitive and confidential data.
CoreSite’s numerous data center controls support its diverse communities of interest in meeting a wide variety of United States regulatory requirements, such as Federal Information Security Management Act (FISMA). Working with its current compliance initiatives and specific customer needs, CoreSite has enabled its customers to achieve a high level of certification within CoreSite’s national platform of network-dense, cloud-enabled multi-tenant data centers in all of these areas. In addition, the annual processes to successfully complete these compliance initiatives underscore CoreSite’s strong commitment to operational excellence across the organization.
All of the above examinations were conducted by Schellman & Company, LLC, an independent CPA and Qualified Security Assessor (QSA) firm.
CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 900 of the world’s leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads. Our scalable, flexible solutions and 350+ dedicated employees consistently deliver unmatched data center options — all of which leads to a best-in-class customer experience and lasting relationships. For more information, visit www.CoreSite.com.
Forward Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," "seeks," "approximately," "intends," "plans," "pro forma," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond CoreSite's control that may cause actual results to differ significantly from those expressed in any forward-looking statement. These risks include, without limitation: any adverse developments in local economic conditions or the demand for data center space in these markets; operational difficulties, including difficulties relating to information systems, internal processes and information security; significant industry competition; financial market fluctuations; and other factors affecting the real estate industry generally. All forward-looking statements reflect CoreSite's good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, CoreSite disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause CoreSite's future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in CoreSite's most recent annual report on Form 10-K, and other risks described in documents subsequently filed by CoreSite from time to time with the Securities and Exchange Commission.
Round Will Support Aggressive Expansion Both in the U.S. and Abroad
The World Risk Index has been published within the World Risk Report 2016. Calculated by the Institute of Spatial and Regional Planning at the University of Stuttgart (IREUS), the index assesses the risk of disaster in 171 countries through the combined analysis of natural hazards and societal vulnerabilities.
The World Risk Index is intended to give answers to four key questions for each country:
- How likely is an extreme natural event, and will it affect people?
- How vulnerable are people to natural hazards?
- To what extent can societies cope with acute disasters?
- Is a society taking preventive measures to face natural hazards to be reckoned with in the future?
The highest risk countries are listed as:
6. Solomon Islands
7. Brunei Darussalam
8. Costa Rica
10. Papua New Guinea
The ten lowest risk countries are:
163. United Arab Emirates
169. Saudi Arabia
The report can be downloaded here in English and German.
Healthcare organizations – ranging from physician practice groups to large, multi-state hospital systems – face a variety of risks, including fraud and abuse, as well as HIPAA privacy issues. Starting from a baseline risk assessment, healthcare organizations are often juggling among competing risks and responding to enforcement threats.
The design and implementation of an effective healthcare compliance program is extremely difficult and requires dedication, resources, and a real leadership commitment. In many cases, healthcare organizations, big and small, have become complacent and fail to recognize the need for continuous assessment and improvements.
Healthcare organizations that ignore the importance of encouraging reporting of complaints and responding to those employee concerns are only asking for trouble. There are plenty of whistleblower lawyers encouraging potential clients to bring False Claims Act suits in order to earn significant payouts under the qui tam compensation program.
That’s the question a recent article in the New York Times asks. The conclusion is “negative.” While local officials often tout these projects as a way to boost rural economies that have been suffering as a result of the loss of manufacturing jobs, nobody can really claim that a data center, no matter how large, can offer anywhere close to the amount of jobs a textile or a furniture factory does.
There are other economic benefits, such as taxes on the enormous electricity and equipment purchases companies make for these facilities. But those benefits are often diminished by tax breaks local and state governments offer companies to lure their big data center construction projects in.
Yes, tax breaks expire over time. Also, it’s not uncommon for one major data center build to put a rural community on the map and attract more construction by other companies. Prineville, Oregon, is a prime example, where a data center built by Facebook was followed by a data center built by Apple.