TRM Labs Strengthens U.S. Federal Offerings with FedRAMP® High, IL4, and IL5 Compliance
06 June 2024 - 10:00PM
TRM Labs, a leader in blockchain intelligence, today announced it
is in the process of achieving Federal Risk and Authorization
Management Program (FedRAMP®) and Impact Level (IL) 4 and 5
compliance through a partnership with Palantir Technologies’
FedStart Program. This status marks a critical milestone in TRM's
journey towards achieving full FedRAMP High Authorization, or
Authority to Operate (ATO), and underscores the company's
commitment to meeting stringent federal security and compliance
standards.
FedRAMP is a U.S. federal government-wide initiative that
promotes the adoption of secure cloud services across the federal
government through a standardized approach to security assessment,
authorization, and continuous monitoring. For TRM’s public sector
customers, FedRAMP Authorization offers the ability to access
mission-critical blockchain intelligence in a cloud environment
while ensuring that TRM’s cloud platform has undergone rigorous
testing and complies with stringent standards for data security,
integrity, and monitoring.
Strategic partnership to accelerate
authorization
TRM has partnered with Palantir, using its FedRAMP-authorized
Palantir Federal Cloud Service (PFCS) environment to facilitate and
expedite the certification process. TRM is currently undergoing a
Significant Change Request (SCR) process to be added to Palantir’s
existing accreditation package, which will authorize the TRM
Blockchain Intelligence Platform initially at the FedRAMP Moderate
impact level, and lay the groundwork to achieve FedRAMP High impact
later this year.
Esteban Castaño, Chief Executive Officer of TRM Labs,
commented on the development, "Our forthcoming FedRAMP
authorization is not just a milestone for TRM, but a significant
leap forward in our commitment to facilitating seamless, secure
service for our U.S. government customers. Our collaboration with
Palantir accelerates our certification path and strengthens our
ability to serve our clients with the highest standards of security
through a proven partner."
Future-proofing defense customer needs
In addition to FedRAMP authorization, TRM is the first and only
blockchain intelligence company poised to meet Department of
Defense (DoD) Impact Level 4 (IL4) and Impact Level 5 (IL5)
compliance requirements using the same PFCS accreditation. Having a
secure cloud environment that meets IL4 and IL5 standards allows
TRM’s defense customers to confidently utilize blockchain
intelligence to advance national security interests, and give the
U.S. war-fighter an advantage on the battlefield.
“At TRM, we recognize that our customers operate in a highly
contested cyber domain, making data security critical for any cloud
service,” said Rahul Raina, Chief Technology Officer of TRM Labs.
“That’s why we have designed our platform from the ground up to
meet the highest level of data security and integrity controls both
today and in the future. Our recent efforts demonstrate the
robustness and security of our platform, as the only blockchain
platform that is poised to meet both FedRAMP and DoD SRG
requirements, customers can have confidence that their data is
secure regardless of their threat environment.”
Building on a foundation of trust and
compliance
Achieving FedRAMP authorization is a natural progression for TRM
Labs, augmenting its robust existing security framework. TRM’s
infrastructure already meets the standards set by SOC 2 Type II. By
integrating these rigorous standards, TRM continues to lead in
providing secure, reliable solutions that U.S. government clients
can depend on for critical operations.
About TRM Labs
TRM provides blockchain intelligence to help government agencies
investigate and build cases for digital asset fraud and financial
crime. TRM’s Blockchain Intelligence platform includes solutions to
follow the money, identify illicit actors, build cases, and
construct an operating picture of threats. TRM is trusted by a
growing number of leading agencies worldwide who rely on TRM for
their blockchain intelligence needs. TRM is based in San Francisco,
CA, and is hiring across engineering, product, sales, and data
science. To learn more, visit www.trmlabs.com.
Media Contact:
Laura Yungmeyerpress@trmlabs.com
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