Folks, a Quebec-based developer of human resources management technology solutions for Canadian companies, announces its recent success in obtaining SOC 2 Type 1 compliance certification. This achievement confirms Folks’ ongoing commitment to information security, reinforcing customer confidence across the country.
The SOC 2 Type 1 compliance certification, issued by Prescient Assurance, a recognized New York-based firm, validates that Folks’ systems and processes comply with strict information security standards. This certification attests to our commitment to ensuring the integrity and availability of critical data managed by our human resources management software.
“SOC 2 Type 1 compliance is a crucial milestone in our journey at Folks, as it demonstrates our commitment to information security in the human resources field,” said Jimmy Plante, CEO of Folks. “As a leader in Quebec, we understand the importance of trust in HR data management, and this certification reinforces our position as a trusted partner for our customers.”
Our SOC 2 Type 1 compliance certification was achieved following a rigorous audit process assessing information security controls. Folks remains committed to continuous investment in information security initiatives with the aim of achieving SOC 2 Type 2 compliance certification in 2024.
What is SOC 2 compliance?
SOC 2, which stands for System and Organization Control 2, is an information management and security certification designed for technology and IT companies that store customer data in the cloud. Developed by the American Institute of Certified Public Accountants (AICPA), SOC 2 compliance is particularly relevant for companies handling information such as customer financial data, medical records or other sensitive information.
What does SOC 2 Type 1 entail?
SOC 2 Type 1 compliance certification focuses on the adequacy of the design of security controls at a given point in time. It provides an assessment of the system and the organization’s commitment to security principles at a given date.
The audit process evaluates an organization’s policies and procedures relating to criteria of security, availability and integrity to ensure compliance.
Why is SOC 2 compliance important?
SOC 2 compliance involves an in-depth audit by an independent third-party auditor to ensure that a company’s systems and processes meet essential security criteria. It is a guarantee to our customers and partners of our commitment to data protection.
Achieving SOC 2 Type 1 compliance represents an important milestone in our ongoing mission to improve information security, and we are now aiming to achieve SOC 2 Type 2 compliance during 2024 to align ourselves with the most rigorous security standards in Canada.
Folks is a Quebec-based technology company dedicated to creating human resources management solutions tailored to the needs of small and medium-sized businesses in Canada.