CoreSite Successfully Completes Annual Compliance Examinations

DENVER--(BUSINESS WIRE)--Aug. 23, 2018-- 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 its annual compliance examinations for the colocation services offered across 17 operating multi-tenant data centers in its portfolio. The completion of these annual examinations uniquely positions CoreSite to provide its customers a consistent and comprehensive solution to compliance standards as part of its overall customer value proposition. The completion of these various compliance objectives also demonstrates CoreSite’s ongoing commitment to operational excellence and customer experience, enabling its more than 1,350 customers to meet industry standard compliance requirements. In addition to enterprise-class colocation infrastructure, CoreSite provides controls over physical access and environmental systems that house its customers’ critical data systems and hardware. CoreSite successfully completed the following annual examinations:

  • System and Organization Controls (SOC) 2 Type 2 examination
  • SOC 1 Type 2 examination
  • International Organization for Standardization (ISO) Information Security Management System (ISMS) certification (ISO 27001)
  • Payment Card Industry (PCI) Data Security Standard (DSS) validation
  • Health Insurance Portability and Accountability Act (HIPAA) attestation

The SOC 1 and SOC 2 examinations are attestation standards issued by the American Institute of Certified Public Accountants (AICPA), and both reports have been issued under Statement on Standards for Attestation Engagements (SSAE) No. 18, which is the new AICPA standard for SOC reports. 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 physical and environmental security, customer support, 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 information security threats and vulnerabilities. The certification also ensures that the information security controls continue to meet physical 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 its operating data centers.

The PCI-DSS is a broad 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. The 2017 PCI-DSS report has been issued under version 3.2.

HIPAA requires that covered entities and business associates take strong measures to protect the privacy and security of protected health information. By attaining an attestation against the HIPAA Security Standards for the Protection of Electronic Protected Health Information (“HIPAA Security Rule”) and the Notification in the Case of Breach of Unsecured Protected Health Information enacted as part of the American Recovery and Reinvestment Act of 2009 (“HITECH Breach Notification Requirements”), CoreSite provides assurance to healthcare industry stakeholders that its data center colocation services meet the HIPAA Security Rule and HITECH Breach Notification requirements necessary to protect a covered entity’s physically hosted information systems in CoreSite’s national platform of multi-tenant data centers.

All of the above examinations and assessments were conducted by Schellman & Company, LLC, an independent CPA and Qualified Security Assessor (QSA) firm.

About CoreSite

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 1,350 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 450+ 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.

Source: CoreSite

CoreSite
Greer Aviv, +1 303-405-1012 or +1 303-222-7276
Vice President of Investor Relations and Corporate Communications
Greer.Aviv@CoreSite.com

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