Luminate Security, a software-as-a-service security platform, has completed a stringent AICPA audit to obtain the SOC 2 Type II certification.
The company claims to be the first secured access cloud service provider to achieve four audited controls. SOC 2 is the officially recognised auditing standard for service organisations demonstrating adequate controls and processes.
A SOC 2 Type II certification indicates that an independent accounting and auditing firm has examined the organisation’s control objectives and activities, and has tested them to ensure their effective operation.
“Companies undergo digital transformation, they are expanding collaborations with partners and contractors, and they need to support an endless number of devices and locations. In this reality, CISOs understand the importance of Luminate’s secured access to cloud-hosted corporate applications,” said Luminate CTO Leonid Belkind. “They know core infrastructure service must be secure, scalable and reliable. Luminate invested heavily from day one across software, operational processes and staff to ensure our service delivers on all of these fronts. Our compliance with the most stringent SOC 2 certification is the most recent validation of that strategy.”
The privacy chapter of the report positions Luminate as GDPR ready, confirming that Luminate’s platform complies with the privacy principles in the delivery of service to its customers.
Its Secure Access Cloud platform provides organisations with the GDPR-requested measures of data access visibility and governance. Luminate’s claims the full audit trail of application usages provides a ‘strong foundation for GDPR compliance’ while reducing overall data attack surface and customer risk.
The company’s platform allows CISOs, CIOs and CTOs to securely manage access to all their corporate resources from any device anywhere in the world. Based on Software Defined Perimeter principles, Luminate gives users one-time access to the requested application, while all other corporate resources are cloaked, without granting access to the entire network.
In March, the Tel Aviv-based company emerged from stealth having raised $14m from seed and Series A funding rounds. The company said it raised the capital from US Venture Partners, Aleph Venture Capital and the ScaleUp program from Microsoft. As part of the financing, USVP’s Jacques Benkoski and Aleph’s Aaron Rosenson will join the Luminate board of directors.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
