InsuredMine has recently been certified as SOC 2 Type II compliant, following a period of observation by an independent auditor. This significant accomplishment solidifies InsuredMine’s reputation as a trustworthy and secure cloud software solution in the insurance Customer Relationship Management (CRM) landscape, building upon our previous certification as SOC 2 Type I compliant. In announcing this achievement, we aim to address common inquiries surrounding SOC 2 compliance.
Understanding SOC 2 Compliance:
SOC 2 is a voluntary security standard set out by the American Institute of Certified Public Accountants (AICPA), tailored for technology firms that collect and manage sensitive data. SOC 2 compliance serves as a widely recognized benchmark indicating a dedication to safeguarding the privacy and security of customer data. As a provider of Software as a Service (SaaS), adhering to these standards and showcasing the security of our operations is of utmost importance for InsuredMine. Attaining SOC 2 compliance affirms that our business has implemented robust security measures to ensure the confidentiality, integrity, availability, processing integrity, and privacy of customer data.
What does SOC 2 Compliance mean for InsuredMine’s Customers?
For insurance agencies handling confidential information, prioritizing data privacy and security, along with conducting independent audits of software partners, becomes a critical measure in vendor risk management practices, enhancing operational resilience. Previously, most companies pursued SOC 2 because their customers asked for or expected it, particularly in heavily regulated sectors like healthcare and finance. Now, the impetus for SOC 2 adoption extends to mitigating risks for both providers and recipients of services. Businesses can no longer afford to solely focus on internal policies; reducing the risk of data breaches and associated liabilities is imperative.
“Earning SOC 2 compliance isn’t just about checking a box – it’s about providing our stakeholders with the highest level of assurance when it comes to their data” said Raution Jaiswal, CEO, InsuredMine. “This certification demonstrates our dedication to robust security practices and transparent operations, giving our customers, partners, and employees the peace of mind they deserve.”
Ensuring a Secure Cloud Environment:
InsuredMine’s cloud infrastructure ensures continuous security with comprehensive segmentation of customer data. All data remains encrypted both in transit and at rest, adhering to the most stringent standards of cloud security. We continuously monitor our cloud environment’s security and implement all necessary precautions to safeguard customer data.
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