Fiable Achieves SOC 2 Type 2 Certification

Fiable Achieves SOC 2 Type 2 Certification, Strengthening Data Security and Trust

We’re proud to announce we have successfully achieved SOC 2 Type 2 certification after a rigorous independent audit. This milestone confirms that Fiable’s controls for security, availability, and confidentiality of customer data meet the high standards set by the internationally recognised SOC 2 framework. The certification process involved an in-depth examination by an independent auditor of how Fiable protects client data and maintains reliable service over time.

Independent Audit Validates Robust Controls

SOC 2 (System and Organisation Controls 2) is an auditing standard developed by the American Institute of CPAs (AICPA) that evaluates an organisation’s information systems against trusted principles of security, availability, confidentiality, processing integrity, and privacy. SOC 2 Type 2 compliance is particularly rigorous, assessing not just the design of Fiable’s controls but effective operation via an independent audit. This independent audit reviewed Fiable’s policies and processes to ensure these are properly designed and consistently followed, providing external validation that customer data is handled safely and systems remain dependable.

Advanced Security Measures Protect Customer Data

To meet the stringent SOC 2 requirements, Fiable has implemented a range of advanced security measures and best practices:

• Secure Cloud Infrastructure: Fiable’s platform runs on a secure cloud environment with strong access controls and continuous monitoring to guard against unauthorised access.

• Data Encryption: All sensitive customer data is encrypted both in transit and at rest, ensuring that information stays protected even if intercepted or stored outside the platform.

• Incident Response Plan: Fiable maintains a detailed incident response plan, so in the unlikely event of a security breach, roles and procedures are clearly defined to quickly contain and address the issue.

• Ongoing Risk Management: Fiable conducts regular risk assessments and staff training to proactively identify potential threats and strengthen defenses.

These measures, along with documented policies for business continuity and disaster recovery, underscore Fiable’s commitment to protecting customer information and ensuring service availability at all times.

“Achieving SOC 2 Type 2 certification underscores our unwavering commitment to data security and customer trust. Our customers can rest assured that we have the right controls and processes in place to protect their data and keep our services reliable. This accomplishment demonstrates that security is at the heart of everything we do.”

- Patrick Connolly, CEO and Founder of Fiable

Serving Security-Conscious Industries

Fiable’s SOC 2 Type 2 certification is especially impactful for the industries Fiable serves. Construction, civil infrastructure, utilities, mining, oil and energy, government organisations and more are among key customers.  

These sectors deal with sensitive financial and operational data and often require partners to meet strict security standards. With this certification, Fiable’s clients in these industries gain added peace of mind knowing that their financial data and analysis reports are handled in accordance with top-tier security and confidentiality practices. It reinforces Fiable as a trusted partner in managing counterparty insolvency risk, helping businesses make informed decisions with confidence that their information is protected.

To know more about our SOC 2 Type 2 certification, reach out to us at info@fiable.com.au  

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