August 15, 2023

Lumenova AI Is Now SOC 2 Type II Compliant

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We are proud to announce that Lumenova AI has obtained its SOC 2 Type II report for Security, Availability, and Confidentiality, showcasing our commitment to maintaining high levels of information security and providing trustworthy services to our customers.

Why SOC 2 Type II?

The SOC 2 (System and Organization Controls) Type II compliance standard serves as a guarantee to stakeholders that an organization is dedicated to maintaining robust control environments, especially in the areas of data storage, processing, retrieval, and transfer.

To evaluate a company’s adherence to the standards set by the American Institute of Certified Public Accountants (AICPA), a comprehensive audit is conducted by an external and reputable firm.

As we worked towards obtaining the SOC 2 Type II attestation, we partnered with a continuous compliance monitoring provider to streamline the process of gathering audit evidence.

This collaboration enabled us to automate the collection of such evidence, laying a solid security foundation to safeguard our customers' data.

Lumenova AI’s attainment of this attestation demonstrates our ability to securely manage and protect customer data, instilling confidence and trust among both organizations and individuals.

Lumenova AI’s Commitment to Trust, Strengthened by SOC 2 Type II

Since the very beginning, our core mission has been centered on empowering our customers to effortlessly incorporate trust into their AI systems.

By achieving the SOC 2 Type II attestation, Lumenova AI reinforces this commitment, underscoring its unwavering dedication to delivering a secure and reliable platform.

Over the past year, we have made substantial progress in enhancing our security controls through collaborative efforts between our engineering and infrastructure teams.

We have implemented various security domains and prioritized vulnerability management, conducting continuous scanning and monitoring of our infrastructure and codebase.

Key Points of Lumenova AI’s SOC 2 Type II Report

The SOC 2 Type II report offers users valuable insights into Lumenova’s Responsible AI Platform, serving as a useful resource for evaluating risks associated with platform interactions, and providing in-depth information on the system controls that we have designed, implemented, and maintained.

The report also highlights how Lumenova AI has fulfilled service commitments and system requirements in accordance with trust services criteria relating to security, availability, and confidentiality.

Additionally, the report covers the various system components employed in delivering Lumenova AI’s services, including infrastructure, software, personnel, data, processes, and procedures.

If you are interested in obtaining a copy of Lumenova AI’s SOC 2 Type II report, please contact us.

Frequently Asked Questions

SOC 2 Type II compliance is a security framework developed by the American Institute of Certified Public Accountants (AICPA) that evaluates an organization’s ability to protect customer data based on trust service criteria such as security, availability, confidentiality, processing integrity, and privacy. It is important because it ensures businesses implement robust data security and privacy controls, reducing the risk of data breaches and strengthening trust with clients and stakeholders.

SOC 2 Type I assesses an organization’s security controls at a specific point in time. For example, a company may undergo an audit shortly after implementing new security protocols to confirm that the controls are in place. SOC 2 Type II evaluates the effectiveness of these controls over a period of 3 to 12 months. An example of Type II compliance could be a company demonstrating that its security controls have been consistently maintained and effective over the past year, such as showing how it continuously monitors and manages data security.

The IT and SaaS sectors account for about 45% of SOC 2 certifications due to their need for robust data protection measures. Financial institutions make up around 20%, while healthcare organizations, focused on protecting patient data, represent about 15%. These stats are based on a survey by Koop.ai, highlighting how SOC 2 compliance is crucial across various sectors.

SOC 2 Type II compliance requires organizations to implement security controls that address risk management, access control, incident response, encryption, monitoring, and data integrity. These measures ensure that customer data remains secure, available, and confidential.

To prepare for SOC 2 Type II certification, businesses should conduct a security gap assessment, implement necessary controls, monitor compliance through continuous auditing, and work with an independent auditor for evaluation. Adopting security frameworks (NIST Cybersecurity Framework (CSF) or ISO 27001) and compliance automation tools can help streamline the certification process.

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