Data privacy and data security are in the headlines once again, as tech giant Facebook recently settled for a $5 billion fine from the Federal Trade Commission (FTC) for their data privacy practices. In addition to the fine, Facebook has agreed to ongoing diligence in monitoring their data practices (basically giving their data the same scrutiny they give their financial records).
These types of rising security concerns are exactly why B2E is currently working toward our SOC 2 compliance certification. We want clients to know that we take data privacy and integrity seriously and we will work to maintain a high standard of protection at all times.
What is the SOC 2 certification?
Developed by the American Institute of CPAs, SOC 2 outlines criteria for managing data based on five key areas:
Privacy – protect personally identifiable information (PII) appropriately.
Security – having the appropriate IT security protocols in place.
Availability – having a backup and ongoing access to the data.
Processing integrity – ensuring data processing is complete and valid.
Confidentiality – data is encrypted during transmission and access is only provided to authorized personnel.
These five key areas outline data vendor compliance standards that are then reviewed by outside auditors to achieve certification. It is a rigorous process to achieve SOC 2 certification, but well worth the effort to ensure we are maintaining compliance when handling your company’s sensitive data. B2E cares about our clients and the security of their data.
Want to learn more about the data security protocols in place at B2E? Contact us today.