SOC 2 is a set of criteria developed by the American Institute of Certified Public Accountants (AICPA) specifically for managing customer data based on five 'trust service principles'. This framework is applicable to any service provider storing customer data in the cloud, emphasizing not just physical security but also operational and procedural safeguards.
Adhering to SOC 2 standards is imperative for ensuring that systems are set up to assure security, availability, processing integrity, confidentiality and privacy of customer data. Compliance demonstrates a company's commitment to data protection and operational excellence, essential for maintaining customer trust and competitive advantage.
- Type I Report evaluates the design of security processes at a specific point in time.
- Type II Report assesses how effective those security processes are over a period, typically six months or more providing a more comprehensive validation of compliance.
Security
The protection of system resources against unauthorized access.
Availability
Ensuring systems and information are available for operation and use as committed or agreed.
Processing Integrity
System processing is complete, valid, accurate, timely and authorized.
Confidentiality
Information designated as confidential protected as committed or agreed.
Privacy
Personal information is collected, used, retained, disclosed and disposed of in conformity with the commitments in the entity's privacy notice.
For detailed guidelines and the official framework, visit AICPA's SOC 2 details.
Data Security Challenges in eSignatures
eSignature technology involves the storage and management of highly sensitive data, such as personal identifiers and contractual documents. SOC 2 compliance ensures that these data handling processes are secure and that integrity and confidentiality are maintained.
Enhanced Trust with SOC 2 Compliant eSignatures
Businesses leveraging eSignature technology are often subject to scrutiny regarding data security. By implementing a SOC 2 compliant solution, companies can assure clients and partners of their data's safety, significantly enhancing trust and reliability.
BoloSign's on-premises solution ensures that you retain full control over your data while meeting the stringent requirements of SOC 2 compliance.
Custom Security Measures
Tailor security protocols to fit specific business needs, far exceeding general cloud security standards.
Direct Control Over Data Access
Manage who accesses your data and when, with no intermediary.
Enhanced Audit Capability
Maintain comprehensive logs and audit trails that are readily accessible and detailed, exceeding SOC 2 requirements for monitoring and logging.
Access Controls
You can enforce role-based access control and multi-factor authentication.
If you're interested in discussing how BoloSign can accommodate your SOC 2 compliance, feel free to reach out to our sales team.