/Insights/Codal successfully completes SOC 2 assessment to ensure data security for clients

CodalsuccessfullycompletesSOC2assessmenttoensuredatasecurityforclients

Jun 16, 2023

2 min. read

As Codal takes on bigger and more complex digital transformation projects, our team continues to invest in cybersecurity best practices, ensuring data protection for every solution we build. Whether it’s an eCommerce website, mobile application, or internal workflow management tool, these best practices are baked into our digital strategies from start to finish.

Having recently passed our SOC 2 examination, Codal is equipped with the resources, experience, and expertise to mitigate cybersecurity threats for our clients—especially those in industries that are particularly vulnerable to data breaches, like healthcare and finance.

Keep reading to learn more about the growing cybersecurity threat against businesses seeking digital transformation, and why the SOC 2 report is so important.

The current state of cybersecurity in 2024

A data breach can have devastating effects on the growth and success of your business, as sensitive information about your customers, employees, and partners will fall into the wrong hands, resulting in a tarnished brand reputation, not to mention financial penalties and lawsuits. Unfortunately, as a growing number of businesses migrate their legacy tools, data, and workflows from on-premise systems to the cloud, the number of data breaches increases as well.

Research shows that 77% of companies aren’t fully prepared to thwart cybercriminal activity, and 19% of data breaches are the result of a compromised partner. Moral of the story: Keep cybersecurity top of mind when employing third parties to build, manage, and optimize digital products for your business.

What is a SOC 2 audit?

A SOC 2 audit evaluates the risks associated with the handling and accessing of sensitive business data, such as names, addresses, login information, payment credentials, and so on. The audit also evaluates the practicality and efficiency of existing tools and procedures for managing such data—from access control, to system backups, to disaster relief.

This testing framework is based on the Trust Services Criteria, which covers data security, availability, processing integrity, confidentiality, and privacy. By successfully completing a SOC 2 examination, your technology partner is demonstrating that they follow rigorous cybersecurity standards—so you can sleep easier at night as your business’ digital transformation initiatives come to fruition.

Know your data is secure with Codal

Codal’s SOC 2 examination was conducted by A-LIGN, a cybersecurity compliance firm trusted by over 2,500 organizations across the globe to help mitigate data breaches.

As our consultancy continues to expand into new industries, territories, and service offerings, protecting the data of our clients and their customers will remain a top priority in each stage of our process—from discovery, to design and development, to implementation and maintenance.

To learn more about how Codal helps enterprise organizations securely optimize the accessibility, management, and transportation of critical business data, get in touch with a member of our team today!

Topic

Product engineering

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