Rapid Insights: The Importance of SOC 2 Type 2 Compliance

Written by
Kevin Baldwin, CRO
Published on
September 14, 2023

Trust is at the heart of every great relationship, and your security vendor is no exception. 

At RapidFort, we understand the value of trust in today’s business ecosystem. Our customers rely on us to ensure their privacy, security and safety, and it’s a responsibility we take seriously. One of the key ways we demonstrate our commitment to security and trust is by taking on audits that validate our practices, such as achieving SOC 2 Type 2 compliance

What is SOC 2 Type 2 compliance?

Developed by the American Institute of CPAs (AICPA,) SOC 2 is a globally recognized auditing procedure that measures a service provider’s ability to securely manage its data and protect the privacy of its clientele. The Type 2 designation specifically requires a rigorous and continuous demonstration of these controls over an extended period of time. All audited organizations must meet the criteria across five trust service principles: security, availability, processing integrity, confidentiality and privacy.

What are the advantages of SOC 2 Type 2 compliance?

The importance of vendor and partner security cannot be overstated in today’s digital ecosystem. Achieving SOC 2 Type 2 compliance not only confirms RapidFort’s mature security practices, but demonstrates our long-term commitment to maintaining all aspects of privacy for our partners and customers. 

Additional benefits of SOC 2 compliance include: 

  • Protection against data breaches: Security breaches from vendors or partners that directly affect companies and their clients are more prevalent now than ever before, and these attacks are only becoming more sophisticated. Our SOC 2 report ensures we have a standardized framework to effectively prevent, assess, and mitigate these risks.

 

  • Competitive Edge and Market Differentiation: Being SOC 2 Type 2 compliant emphasizes our commitment to security, demonstrating to potential and current customers that we have invested in the necessary measures to safeguard their valuable information.

  • Efficiency and Process Optimization: To become SOC 2 Type 2 compliant, it takes more than just having the right technology in place - you need to have compentent internal processes as well. This evaluation highlights our efficiency, as it requires streamlined and standardized operations.

Why can you trust RapidFort? 

We know the hunt for a trustworthy vendor is easier said than done. Achieving SOC 2 Type 2 compliance makes RapidFort more than just a credible company, but a trusted and preferred business partner. Now companies of all sizes, from government organizations to major enterprises, can use the RapidFort platform with confidence in knowing that their data will remain secure.

Ready to see it for yourself? Book a demo with the RapidFort team today. 

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