Login
iscover
The firm’s procedures saw it pass the ATO’s Operational Security Framework with a maintained uptime of 99.95 per cent over the past three years.
Newsletter
CreditorWatch achieves ATO Digital Service Provider certification
31 January 2023
•
11 minute read
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
CreditorWatch has become the first credit reporting bureau to achieve the ATO’s Digital Service Provider certification.
To receive the certification, CreditorWatch had the ATO assess the firm’s data security procedures and uptime against the Tax Office’s Operational Security Framework, which was created to respond to business risks and security threats from the growth of digital services.
CreditorWatch’s chief executive officer Patrick Coghlan said the firm was excited to achieve the certification and attributed it to the high-quality procedures it had in place.
“We’re proud to be the first credit reporting bureau in Australia to achieve the Digital Service Provider certification under the Operational Security Framework,” said Mr Coghlan.
“The market is acutely aware of the importance of security and privacy, and the protection of financial and personal data, given recent events that have impacted both Australian businesses and consumers alike.”
“The certification is a reflection of CreditorWatch’s gold-standard data security procedures including ISO 27001 and 27017, it also acknowledges our market leading uptime, whereby we’ve maintained 99.95 per cent uptime over the past three years.”
==
==
The ATO’s Operational Security Framework seeks to protect taxation, accounting, payroll, and superannuation-related data along with the integrity of the taxation and business registry systems that support the Australian community.
The framework achieves this by setting out requirements a digital service provider must meet in order to access ATO Digital Services that perform a functional role in the supply chain.
The Tax Office said the requirements reduced the risk of identity theft, tax refund fraud, and system hacks, providing controls to protect the confidentiality and integrity of providers’ client data.
CreditorWatch is an Australian-owned credit reporting bureau that provides credit and financial risk information, digitised financials, credit scoring, and modelling and API data delivery to more than 50,000 Australian companies.
Founded in 2011 it now services sole traders through to ASX-listed companies, with court actions, payment defaults, and insolvency notices associated with any business entity across Australia and New Zealand easily searchable.
You are not authorised to post comments.
Comments will undergo moderation before they get published.