Fractal, (fractal.ai), a global provider of artificial intelligence and advanced analytics solutions to Fortune 500® companies, today announced that it has achieved Service Organization Control (SOC) 2 Type 2 compliance. With this compliance, Fractal meets the American Institute of Certified Public Accountants (AICPA) Trust Services Criteria for internal controls relevant to security, availability, processing integrity, confidentiality, and privacy.
“Information security is vital to Fractal’s clients and partners. SOC 2 Type 2 compliance testifies that Fractal’s internal security controls provide a high degree of assurance around operational effectiveness of systems and services that process client’s data,” said Pranay Agrawal, Co-Founder & CEO, Fractal. “We’re excited to be one of the few global AI and Analytics providers with SOC 2 Type 2 certification and will continue to invest to further strengthen data privacy, protection, and security for our clients.”
“We are proud to be accredited with SOC2 Type 2 compliance,” said Rasesh Shah, Chief Information Officer, Fractal. “Data security and privacy is paramount to our mission of powering every human decision in the enterprise and SOC certification gives confidence to our clients that we have adequate internal controls in place and how well the controls are operating. Successful completion of this audit proves our commitment to deliver best-in-class AI solutions while safeguarding client data at each stage.”
Developed by the American Institute of Certified Public Accountants (AICPA), System Organization Control (SOC2) is a technical auditing process used to validate the systems and controls designed by an organization to secure its client data. SOC2 reports are conducted by independent auditors, who measure the availability, security, and integrity of an organization’s unique data processing systems, and ultimately determine whether effective safeguards and controls are in place. It is considered one of the highest standards for security accreditation.