Data Transformation Company Maintains Effective Security Controls in SOC 2 Report
Coalesce, the data transformation company, announced its successful completion of a System and Organization Controls (SOC) 2 examination resulting in a CPA’s report stating that management of Coalesce maintained adequate controls over the security, availability, processing integrity, confidentiality, and privacy (AICPA, Trust Services Criteria) of the Coalesce Platform.
The recent SOC 2 Type 2 report performed by BARR Advisory, P.A. provides third-party validations of Coalesce’s focus on privacy and security in data management. Following the in-depth review of the platform, Coalesce achieved SOC 2 Type 2 compliance in July 2022. The SOC 2 report is designed to meet the needs of existing or potential customers who require assurance about the effectiveness of controls used by the service organization to process customers’ information.
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“We built a data transformation company because we know the power of data, but that data can only be powerful if it is also protected. Maintaining the privacy and security of the data our customers add to our platform is and always will be a top priority,” said Armon Petrossian, co-founder and CEO at Coalesce. “This SOC 2 certification assures our customers that our security policies and procedures maintain confidentiality and integrity of their data at all times without fail.”
Coalesce was evaluated using the following principles and related criteria that has been developed by the American Institute of CPAs (AICPA) for use by practitioners in the performance of trust services engagements:
- Security: The system is protected against unauthorized access (both physical and logical).
- Availability: The system is available for operation and use as committed or agreed.
- Processing Integrity: System processing is complete, valid, accurate, timely, and authorized to meet the entity’s objectives.
- Confidentiality: Information designated as confidential is protected as committed or agreed.
- Privacy: Personal information is collected, used, retained, disclosed, and disposed of to meet the entity’s objectives.
As part of the ongoing commitment to security, Coalesce will never store data at rest. Data in motion is always encrypted. After deploying to production, the data refreshes happen entirely within Snowflake, and the data never leaves the warehouse.
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