UPDATE: Since this announcement was originally posted, Fulcrum has maintained SOC 2 Type 2 compliance.
As part of our commitment to provide a robust, industry-leading platform for our customers, we are pleased to announce that Fulcrum is SOC 2 compliant (Type 1).
SOC for Service Organizations are assurance reports on the internal controls of service organizations. These reports help organizations looking to use a SaaS (software-as-a-service) product like Fulcrum assess the associated risks. As more data has been moved to the cloud, and with controls and transparency over end-users’ data being of the utmost importance, data security and proper information-security protocols have become increasingly important for companies that do business with customers using cloud-based platforms.
For SaaS companies in the United States, SOC 2 is considered the “gold standard” for security compliance. In order to achieve SOC 2 certification, companies must submit to an independent audit that assesses one or more of five crucial factors relating to:
- Security
- Availability
- Processing Integrity
- Confidentiality
- Privacy
If auditors determine that a company meets the strict requirements outlined by SOC 2 standards, they are granted compliance certification.
At Fulcrum, we understand that when it comes to data security, our relationship with our customers is precipitated on trust and transparency. Both our customers and their end users rely on Fulcrum to keep their information secure, and we are committed to investing in security best practices to ensure that data remains safe.
“We are excited about achieving SOC 2 Type I certification for Fulcrum,” said CIO Bill Dollins. “It is an important milestone on our journey to a more secure mobile workforce experience. As Fulcrum grows, we will continue to incorporate the AICPA Security Trust Principles into our business, design, and engineering processes to ensure the security of the data entrusted to us by our customers.”
What does our SOC 2 Type 1 certification mean for Fulcrum customers and their end users?
Our customers will have access to the same powerful features as before, with the added comfort of knowing that our data security practices withstood some of the most rigorous tests in the industry.