SOC2 (System and Organization Controls 2) is a framework for managing and securing data to ensure privacy and confidentiality, designed by the American Institute of CPAs (AICPA).
Specifically aimed at technology and cloud computing companies, the essence of SOC2 lies in its capacity to assure customers about the robustness of data security measures and adherence to comprehensive data protection regulations.
SOC2 compliance is based on five trust service criteria:
- Security: Protection of systems against unauthorized access.
- Availability: Ensuring systems are operational and accessible as agreed.
- Processing Integrity: Guaranteeing that system processing is accurate, complete, and timely.
- Confidentiality: Safeguarding information designated as confidential.
- Privacy: Protecting personal information according to privacy policies.
SOC 2 compliance involves undergoing a rigorous audit by a third-party firm to assess how well a company meets these criteria. There are two types of SOC 2 reports:
- Type I: Evaluates the design of controls at a specific point in time.
- Type II: Assesses the operational effectiveness of controls over a period (typically 6-12 months).
Adopting SOC2 is a strategic decision, reflecting a broader commitment to regulatory compliance, including adherence to the General Data Protection Regulation (GDPR), and underscoring the organization’s unwavering commitment to safeguarding data and upholding the highest standards of data protection.
Finite State has achieved SOC2 Type 2 certification.
How Finite State Helps You Achieve SOC2 Compliance
Finite State offers a comprehensive solution to support companies trying to gain SOC2 certifications by helping to improve their software supply chain security and monitor for vulnerabilities. Finite State
- Enforces Secure Coding Practices: Seamless integrations into existing CI/CD pipelines automatically analyze source code and compiled binaries for common security vulnerabilities and coding errors. This allows engineers to identify vulnerabilities hidden deep within legacy code and third-party libraries and detect and address issues early in the development process.
- Offers Real-Time Threat Detection: Integrations with vulnerability databases provide up-to-date information on the latest threats and exploits, allowing for the proactive identification of potential risks before they can be exploited.
- Automates Vulnerability Identification: Using our advanced binary and source code SCA, vulnerabilities can be identified as they’re introduced across the SDLC to help teams keep applications secure.
- Provides Comprehensive SBOM Solutions: Automatically generate Software Bill of Materials throughout the SDLC and easily compile detailed information on all components in your products, including open-source libraries, third-party dependencies, and custom code to improve transparency and identify potential security risks in your software supply chain.
Strong cybersecurity requires a collective effort. Talk to the team today to discover how Finite State can help you achieve SOC2 certification.