Element451 Obtains SOC 2 Security Certification
by Sirley Carballo · Dec 16, 2021
We're proud to announce that we've achieved SOC 2 Type I compliance in accordance with American Institute of Certified Public Accountants (AICPA) standards for SOC for Service Organizations also known as SSAE 18.
The independent confirmation of our dedication to safeguarding data comes as the education sector faces increased damage from cyberattacks.
A recent survey found that rectifying a ransomware attack in the education sector cost on average $2.73 million — the highest across all sectors surveyed. Forty-four percent of survey respondents said they were hit by ransomware in the last year.
Our security and compliance principles underpin all of our activities — from ensuring that new features and tools meet or exceed security requirements to providing comprehensive security training for our employees, to encrypting data, and conducting penetration testing to identify system vulnerabilities.
This means that our customer base of college administrators and higher ed students can securely access and share critical information as part of the admissions and enrollment process.
Current and future customers can feel confident that we provide the highest level of security. The costs of a cyberattack are more than financial. They can result in school closings and compromised personal data that impacts students' lives. We work at every level of our organization to protect the information schools manage in their Element451 platforms.
Click here to read the full release for more information about our practices.
Element451 was audited by Prescient Assurance, a leader in security and compliance attestation for B2B, SAAS companies worldwide. Prescient Assurance is a registered public accounting in the US and Canada and provides risk management and assurance services which includes but is not limited to SOC 2, PCI, ISO, NIST, GDPR, CCPA, HIPAA, andCSA STAR.