RegScale announces achieving SOC 2 Type 1 Certification: elevating trust, security, and compliance for a safer digital future.
The SOC 2 Type 1 certification, issued by an external auditor, provides an independent assessment of an organization’s internal control environment at a specific point in time. More specifically, it evaluates the design and implementation of a company’s controls related to security, availability, processing integrity, confidentiality, and privacy. Achieving this certification is a powerful testament to a company’s commitment to security and can be an important factor in gaining customer confidence. We are pleased to announce that as of August 7, 2023, RegScale has achieved our SOC 2 Type 1 certification.
Why is SOC 2 Type 1 Certification Important?
- Enhances Trust and Transparency
SOC 2 Type 1 certification provides independent verification of RegScale’s control environment, fostering trust between the organization and its stakeholders. It ensures transparency by providing insights into how the organization protects and handles data, enhancing trust among existing clients and attracting new ones.
- Risk Mitigation
By auditing and certifying controls, SOC 2 Type 1 helps identify potential vulnerabilities in RegScale’s systems and processes. This promotes proactive management of risks, contributing to RegScale’s overall security posture.
- Compliance Advantage
Many industries mandate or strongly recommend specific control and security measures. Achieving SOC 2 Type 1 certification signifies that RegScale is meeting and exceeding these regulatory compliance requirements, providing a competitive advantage.
- Improved Security
The process of achieving SOC 2 Type 1 certification inherently enhances RegScale’s security posture. The rigorous auditing process examines every aspect of data security, ensuring that security measures are not just in place but also effective.
- Stakeholder Confidence
For investors, customers, and partners, the certification is a stamp of assurance that RegScale has a robust control environment. This confidence can lead to stronger partnerships, more investments, and greater customer loyalty.
Achieving SOC 2 Type 1 certification is not an overnight process, but it’s a worthy investment that has significantly benefited RegScale’s overall security posture and reputation. In a world where data breaches are increasingly common, it’s essential for RegScale to demonstrate its commitment to cybersecurity proactively. Achieving and maintaining SOC 2 Type 1 certification is a strong step in that direction.
“As a cyber security company, it is important that RegScale brings the highest standards of security and compliance to our SaaS infrastructure and provide assurance to our customers that we can appropriately safeguard their data. This is the first of any investments in cyber security with work currently underway to achieve a FedRAMP High certification,” said Travis Howerton, Co-Founder and Chief Technology Officer (CTO) of RegScale.
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 the certification signifies. In this sense, SOC 2 Type 1 certification is not just a badge of honor but a commitment to the ongoing mission of maintaining a secure and trustworthy operational environment for our customers and their data.