As organizations transition toward the digital space, they must understand the importance of cybersecurity. In 2023, IBM’s cost of a data breach report indicated that the average cost of a data breach is $4.45 million, marking a 15% increase over the past 3 years. With cybercrime rates at an all-time high, organizations are becoming increasingly reliant on their technology partners to ensure that their sensitive information is kept safe. Unfortunately, this is not always the case.
In Boostlingo’s case, we serve multiple organizations that handle sensitive information and we’re highly aware of the security concerns that cybercriminals pose. Healthcare centers, court systems, school districts, language service providers, and other organizations need to be wary of the rising prevalence of cybercrime since falling into a data breach can pose serious consequences. This trend greatly emphasizes the need for institutions to build a strong security infrastructure.
Upholding trust and building positive relationships with our partners has always been our company’s top priority. Following our SOC 2 Type I certification in September, we’re thrilled to announce that Boostlingo has successfully attained SOC 2 Type II compliance. This achievement showcases our dedication to regulatory compliance, and we’re excited to unpack what this feat means for you!
What is SOC 2 Type II Compliance? Why Does It Matter?
SOC 2 (Security Organization Control Type II) is a compliance standard developed by the American Institute of CPAs (AICPA). This compliance framework was designed to assess the effectiveness of an organization’s security controls over client data. SOC 2 Type I Compliance assessment evaluates an organization’s security processes, while the SOC 2 Type II assessment reviews how effective those security controls are over time.
We invested a ton of time and effort into enhancing every possible factor that could influence the safety of our customer’s and partners’ information. To name a few improvements, we’ve refined access controls and privileges, developed a strong business continuity and disaster recovery plan, and implemented a comprehensive change management policy.
Optimizing our systems resulted in a stronger security posture and allowed us to meet the compliance standards of SOC 2 Type II. If you’re a current or a prospective partner of Boostlingo and want to know the aspects of our security infrastructure that was audited, you can request a full copy of our SOC 2 Type I and Type II reports by sending an email to [email protected] and signing our standard non-disclosure agreement (NDA)! Our SOC 3 report is also available upon request, without a NDA.
What Does SOC 2 Type II Compliance Mean for You?
Achieving SOC 2 Type II compliance serves as a stamp of approval. This audit signifies that our internal security controls and data protection policies meet industry standards so our customers and partners can rest assured that their data is with a company that they can trust. Building strong relationships has always been one of our main goals and this is the primary reason why we wanted to pursue this achievement.
For the healthcare space, Merrie Wallace, Chief Revenue Officer at Boostlingo, shares why SOC 2 Type II compliance matters:
“Achieving SOC 2 Type II is a major milestone for Boostlingo. This demonstrates our company’s ongoing commitment to the highest standards in data security and controls. With SOC 2 Type II compliance, our healthcare partners will know that our security infrastructure will be able to keep their sensitive data safe.”
Patrizia Barraza-Suncin, Director of Account Management at Boostlingo, also chimes in with why LSPs need to acquire technology solutions from a company that’s SOC 2 Type II compliant:
“It’s more than a commitment to trust and security for our partners. Our SOC 2 certification is a crucial step in safeguarding data, establishing top-tier standards, and embracing transparency. This will also help our existing partners pursue new business opportunities, making security questionnaires a less daunting task.”
Lastly, Noelle Lattimore, Vice President of Legal and Compliance at Boostlingo, shares what SOC 2 Type II compliance means for our products and partners:
“At Boostlingo, we understand the profound trust our customers and partners place in us as they seek interpretation and language services for critical sectors such as healthcare, law enforcement, and education. Achieving the SOC 2 Type II certification is a tangible testament to our unwavering commitment to safeguarding their most sensitive data. As we proudly display the SOC 2 Type II certification, we look forward with enthusiasm to the continued enhancement of our security framework.
We invite our customers, partners, and stakeholders to share in our excitement and assurance. The journey towards achieving and maintaining the SOC 2 Type II certification is our pledge: to be a trusted custodian of your sensitive data, fostering an environment where confidentiality, integrity, and availability are paramount.”
Our Next Steps
Achieving SOC 2 Type II compliance isn’t just an accolade, it’s a testament to our customers and partners. We want them to know that we’re committed to their security and the best way to prove that is by continuously investing in our products and refining our internal processes and policies. By continuously improving our security framework, our customers and partners will be happy to know that they’re using a safe and trustworthy language service platform.
Moving forward, we will continue to optimize our company’s security posture and attain new certifications. As it stands, we’re currently working on achieving ISO 27001 certification so our partners have much to be excited about. All these efforts will allow us to grant our customers and partners the highest level of security when using Boostlingo.
Have any questions? Feel free to contact us today!
