Article

Inventive AI SOC 2 Compliance

July 17, 2024
Vishakh Hegde

Article

Inventive AI SOC 2 Compliance

Jul 17, 2024

We are excited to announce that Inventive AI is SOC 2 compliant. At Inventive, the security and integrity of our data are paramount. This achievement marks a significant step in our commitment to maintaining the highest standards of data protection and security for our customers.

Achieving SOC 2 Type I compliance demonstrates our dedication to rigorous data security protocols and effective control measures that protect our systems and customer information. As we move forward, we will continue to enhance our security measures and remain committed to upholding the trust our customers and partners place in us.

What is SOC 2 & Why is it important?

SOC 2, or Service Organization Controls 2, is a critical auditing standard governed by the American Institute of Certified Public Accountants (AICPA). This framework is essential for organizations seeking to demonstrate robust data security practices. During a SOC 2 audit, an independent auditor thoroughly examines an organization's policies, procedures, and evidence to ensure that their security controls are both effectively designed and operational. The resulting SOC 2 report is a key indicator of a company's commitment to protecting customer information and maintaining high standards of data security. This audit is crucial for companies looking to enhance trust and confidence among their customers and stakeholders in their data handling capabilities.

Improving your security posture 

SOC 2 compliance is a testament to an organization’s commitment to earning and maintaining customer trust and significantly advancing their overall security posture. In a world increasingly vulnerable to cybersecurity threats and frequent data breaches, it is critical for organizations to prioritize the security of their information and the safeguarding of their systems and data. Undergoing a SOC 2 audit allows an independent third party to evaluate and confirm that our processes and controls, which are essential to our application, are operating effectively.

Achieving SOC 2 compliance is a fundamental step in demonstrating to customers, stakeholders, and other interested parties that our organization is dedicated to their trust and has implemented effective security controls. Given our current stage of growth, pursuing SOC 2 compliance was both timely and vital to ensure the protection of data and to proactively mitigate potential security risks on an ongoing basis.

Inventive AI’s journey to SOC 2 compliance

We partnered with Vanta and Advantage Partners in achieving SOC 2 compliance. It is important to choose the right partners who can guide and support you in streamlining this process.

Process 

A critical takeaway from our experience is that enhancing our security posture and attaining SOC 2 compliance requires significant dedication and time investment. Although preparing for compliance is often the most time-consuming phase, at Inventive AI, we prioritized compliance to become audit-ready within weeks.

We collaborated closely with our partners to choose an optimal audit date and planned backward to meet this timeline. By conducting thorough reviews of our security policies and practices and establishing controls to detect and address potential threats, we've laid a strong foundation. With these measures in place, maintaining security as a core focus ensures that future SOC 2 audits will be more streamlined and efficient.

Lessons learned

Focus on Enhancing Security Posture

At Inventive AI, our SOC 2 journey taught us to prioritize strengthening our security posture over merely meeting compliance checkboxes. It's essential to tailor compliance efforts to your organization’s specific needs and maintain security as an ongoing priority.

Start the Compliance Process Early

Initiating the compliance process early is crucial. Implementing security policies and building a robust infrastructure from the start integrates these practices into your daily operations more smoothly and effectively.

Know Your Stakeholders

Identifying the right stakeholders for your compliance efforts is vital. Engage teams across your organization—from IT to senior management—to ensure everyone contributes to and upholds the security standards necessary for SOC 2 compliance.