We are excited to announce that as of September 2024, Ledn has successfully achieved SOC 2 Type 2 certification. This significant milestone demonstrates our unwavering commitment to data security, operational excellence, and maintaining the highest standards of customer trust and confidentiality.
What is SOC 2 Type 2?
SOC 2 Type 2 is a detailed audit and certification process that assesses an organization’s internal controls related to information security, specifically around five key trust service criteria:
1. Security – Protection of systems against unauthorized access.
2. Availability – Ensuring system accessibility as agreed in service commitments.
3. Processing Integrity – Guaranteeing systems process data accurately, completely, and in a timely manner.
4. Confidentiality – Safeguarding sensitive information.
5. Privacy – Handling and protecting personal information correctly.
SOC 2 Type 2 evaluates how effectively these controls function over a specific period, typically 6 to 12 months. It focuses on ensuring that controls not only exist but are also operationally effective during the audit period.
How is it Different from SOC 2 Type 1?
In short, Type 1 checks if the controls are designed correctly. Ledn achieved this certification in May 2024. On the other hand, Type 2 ensures the controls are functioning properly and effectively over time.
Why is SOC 2 Type 2 Important?
At Ledn, SOC 2 Type 2 certification is essential for several key reasons. First, it underscores our dedication to trust and transparency, reassuring clients, partners, and stakeholders that our systems and processes for managing data are secure and perform effectively over time. This is particularly crucial in the financial services industry, where data security is paramount.
The certification also helps Ledn comply with regulatory and industry requirements, especially for organizations dealing with sensitive data. It provides a competitive advantage by signaling that we prioritize security and adhere to stringent standards. Additionally, SOC 2 Type 2 enhances our risk management by validating that our controls are not only well-designed but also operationally effective, reducing the risk of breaches, downtime, or data loss.
Many of our business-to-business clients require SOC 2 Type 2 certification to ensure their data is handled securely, making it critical for unlocking business opportunities. Lastly, this certification drives continuous improvement in our security practices, keeping us at the forefront of data protection. In short, SOC 2 Type 2 is vital for maintaining client trust, meeting industry standards, and staying competitive in the marketplace.
Thank You
We want to extend our heartfelt gratitude to our clients, partners, and dedicated team members who have supported us on this journey. Your trust and confidence in Ledn inspire us to continually strive for excellence and improve our services.
Thank you for being a valued part of the Ledn community.
