Today, TripleBlind announced that we have completed our SOC 2® Type 1 examination!
Data Practitioners at TripleBlind worked closely with compliance-as-a-service platform Laika to earn this certification. Laika helps companies manage information security and privacy compliance, obtain security certifications and build trust with customers.
What is SOC 2?
SOC 2 Type 1 is an auditing procedure established by the American Institute of Certified Public Accountants (AICPA). The audit examines an organization’s privacy and infosec controls, assessing compliance at a specific point in time.
SOC 2 applies to any business that transmits or stores sensitive data in the cloud, which applies to TripleBlind’s solution. Achieving SOC 2 compliance indicates that TripleBlind’s solution meets the common Trust Services Criteria maintained by the AICPA Auditing Standards Board.
TripleBlind has already begun work with Laika on our SOC 2 Type 2 examination and we are expected to complete Type 2 testing later this year.
“The team at TripleBlind is taking all the right steps to ensure their data is secure and privacy standards are upheld. We’re thrilled they earned their SOC 2 Type 1! And as they pursue their Type 2 attestation and ISO 27001 certification, TripleBlind further demonstrates their commitment to security and privacy,” said Olivia Trieu, Customer Success Manager at Laika.
What does a SOC 2 certification mean for TripleBlind?
As the creator of the most complete and scalable solution for privacy enhancing computation (PEC), TripleBlind’s top priority has been to facilitate private and compliant data collaboration to allow for innovation that only comes from analyzing real, sensitive data. By achieving SOC 2 Compliance, TripleBlind customers in the financial services and healthcare industries will benefit from added layers of trust including security, availability, processing, integrity, confidentiality and privacy.
Our innovation radically improves the practical use of PEC by adding true scalability and faster processing with support for all data and algorithm types, and ensuring compliance with all data privacy laws like HIPAA and GDPR.
“SOC 2 certification is important to show that TripleBlind has the correct policies and procedures in place to ensure that our customer’s data is protected. Our customers in all industries are held to the highest privacy standards, and these certifications verify that our solution can unlock the intellectual property value of data while ensuring compliance for them,” said Gary Moore, Senior Vice President of Engineering at TripleBlind.
TripleBlind’s SOC 2 Type 1 report is available under NDA to existing and potential customers. To receive a copy of the report, or to learn more about how TripleBlind can unlock compliant data collaboration for your company, contact us today.