SaaS Firm Earns Initial SOC 2 Type 1 with 90% Less Effort

Summary

RegScale completed an initial SOC 2 Type 1 in 90% less time and effort through rapid program stand-up, self-updating paperwork, and automation for an always audit-ready compliance posture.

Challenge: achieve SOC 2 Type 1 certification with limited staff

As a Series A start-up eager to stand up its security program, RegScale wanted to demonstrate its own SOC 2 Type 1 compliance. SOC 2 requires evaluation of an organization’s cybersecurity controls at a single point in time. This builds trust by provides an independent view that controls are in place and working to safeguard customer data.

How long does it take to complete an initial SOC 2 Type 1 audit? If conducted manually, this process typically this takes about 300 hours (almost eight work weeks). This is a huge undertaking for a small company with limited people resources. It’s also hugely disruptive to the other concurrent tasks necessary for good security practice.

Solution: RegScale’s own SaaS product automated all audit prep

Naturally, RegScale turned to its own continuous controls monitoring product to rapidly set up a security program and work through the SOC 2 Type 1 assessment.

Result: RegScale reduced workload by 90%, saving nearly seven weeks

RegScale rapidly achieved its initial SOC 2 Type 1 certification—in approximately 25 hours of work, compared to the typical manual effort of about 300 hours.

“As a cybersecurity company, it is important that RegScale brings the highest standards of security and compliance to our SaaS infrastructure and assures our customers that we can appropriately safeguard their data,” said Travis Howerton, Co-Founder and Chief Executive Officer (CEO) of RegScale. “SOC 2 Type 1 was just the first of many investments in cybersecurity we’ve committed to achieving, followed by a SOC 2 Type 2 and looking ahead to a FedRAMP High certification,”

For RegScale, it’s not just about achieving the certification. The real value lies in the continuous effort to uphold the standards and controls that this certification represents. SOC 2 and other certifications are more than badges of honor. They demonstrate a commitment to maintaining a secure and trustworthy operational environment for our customers and their data.

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