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From Scibids
Industry News - Privacy

Scibids is SOC2 Type1 Certified!

Learn more about SOC2 and what it means for Scibids and its partners.
By Scibids - April 2023

What is SOC 2?

Scibids recently obtained SOC 2 certification. SOC 2, one of the most rigorous security standards in the industry, is an audit process that evaluates a company's controls around security, availability, processing integrity, confidentiality, and privacy of customer data.

SOC 2 certification is particularly important for companies in the digital advertising industry, where data is used to inform ad decisioning. The certification provides assurance to customers that their data is being handled in a secure and responsible manner, reducing the risk of data breaches, cyber attacks, and other security incidents.

What is a SOC 2 Type 1 Report?

A SOC 2 Type 1 report is an evaluation of a company's controls and procedures at a specific point in time. It provides assurance that a company's controls have been designed and implemented effectively to meet the relevant trust services criteria (TSC), including security, availability, processing integrity, confidentiality, and privacy.

As the first step in the SOC 2 certification process, a Type 1 report provides a snapshot of a company's controls and procedures at a specific point in time. It can help identify any weaknesses or areas for improvement, and once any necessary changes have been made, the company can proceed to a SOC 2 Type 2 audit, which evaluates the effectiveness of the controls over a period of time.

So now, not only is Scibids AI respecting consumer privacy, but everything required to build that AI is also aligned with the highest levels of security, integrity, and privacy!

Don’t hesitate to reach out if you would like to learn more.

The Scibids AI Team