Align Technologies (formerly ToolWatch) is on a mission to empower your organization to improve productivity by streamlining operations, safety, and profitability, and that includes avoiding data breaches that increase your risk exposure and can disrupt projects and deliverables.
Construction companies run on data, including significant amounts of sensitive financials for you and your customers. Unfortunately, the construction industry was the third most targeted industry by ransomware in 2021.
The stories we’ve heard over the years include firms targeted and lost millions and billions of dollars attempting to recover from attacks. Security is no joke, and a breach could shut down your entire operations for months. At Align, we want to eliminate your security concerns by using our solutions for all parties involved.
Our safety management solution, Safety Reports, also falls under this report umbrella. This milestone reflects our shared commitment to protecting your data in the era of ransomware attacks across the globe.
Developed by AICPA, the most influential body of certified professional accountants worldwide, SOC 2 is used to evaluate how companies manage customer data according to five trust service principles:
Though it may seem odd for CPAs to lead the charge on data security, mishandled data by third-party vendors left many enterprises vulnerable to data theft and extortion. AICPA thus developed SOC 2 to protect the financial well-being of its members’ customers around the globe.
No two SOC 2 audits are the same, as companies have no rigid framework to comply with. Instead, AICPA-licensed SOC 2 auditors design controls aligning with each business case. These controls are built on one or more of the five trust service principles we shared previously.
SOC 3, also known as Service Organization Control 3, is a compliance report that verifies a company's adherence to the principles of SOC 2: security, availability, processing integrity, confidentiality, and privacy. A SOC 3 report provides a high-level summary of the company's SOC 2 report. It is essential for construction companies as it demonstrates their dedication to safeguarding customer data and mitigating any risk that can disrupt operations and lead to significant loss.