Parsyl is proud to share that we have completed a SOC 2 Type II examination! This means that we have met high security standards to protect our data and systems. Keep reading to learn more about SOC 2 (Service Organization Control 2) and why it is important for both Parsyl and our clients.
A security framework that defines how companies should manage, process, and store customer data.
Type I vs Type II: What’s the difference?
A SOC 2 Type I examination occurs on a certain date, while a SOC 2 Type II examination occurs over a period of time (typically six to twelve months).
Successfully completing a SOC 2 Type II exam demonstrates that a company's security controls have been evaluated by a licensed CPA firm against the criteria outlined in the SOC 2 framework to ensure they are operating effectively.
This type of exam provides a higher level of assurance than a SOC 2 Type I exam because it demonstrates that the company has implemented and maintained effective controls over time to protect its clients' data.
SOC 2 Type II for Parsyl
Our SOC 2 Type II report provides users of our services with information regarding the design and effectiveness of our internal controls relevant to the SOC 2 criteria for security. This includes, but is not limited to, the implementation and enforcement of best practices such as:
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Two-factor authentication
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Encryption
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Documented security policies and procedures
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Security training program
Why does it matter to Parsyl?
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Identifies and mitigates risks related to security and confidentiality
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Reduces the likelihood of data breaches, downtime, and other incidents
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Establishes Parsyl as a trusted technology solution
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Helps us meet regulatory requirements
Parsyl will complete the SOC 2 Type II exam each year as we are committed to keeping our data secure and continuously improving our internal controls.
Questions? Contact us to learn more.
