Papermark Achieves SOC 2 Type II Compliance
We're excited to announce that Papermark has achieved SOC 2 Type II compliance! This significant milestone represents our commitment to enterprise-grade security and data protection for organizations that trust us with their most sensitive documents.
What is SOC 2 compliance?
SOC 2 (System and Organization Controls 2) is a rigorous auditing procedure developed by the American Institute of CPAs (AICPA). It evaluates how companies handle customer data based on five trust service criteria:
- Security: Protection against unauthorized access
- Availability: System availability for operation and use
- Processing Integrity: System processing is complete, accurate, and timely
- Confidentiality: Information designated as confidential is protected
- Privacy: Personal information is collected, used, retained, and disclosed in accordance with privacy principles
Why SOC 2 matters for virtual data rooms
For organizations using virtual data rooms (VDRs) for fundraising, M&A, due diligence, and other sensitive business processes, SOC 2 compliance is crucial because:
- Regulatory Requirements: Many industries require SOC 2 compliance for vendor selection
- Risk Mitigation: Reduces security and compliance risks for your organization
- Trust Building: Demonstrates commitment to data protection and security
- Due Diligence: Provides assurance during vendor assessments
Papermark's SOC 2 journey
Achieving SOC 2 Type II compliance involved a comprehensive audit of our:
Security controls
- Access Management: Multi-factor authentication, role-based access controls
- Data Encryption: End-to-end encryption for data in transit and at rest
- Network Security: Advanced firewalls, intrusion detection, and monitoring
- Physical Security: Secure data centers with 24/7 monitoring
Operational excellence
- Incident Response: Documented procedures for security incidents
- Change Management: Controlled processes for system updates
- Vendor Management: Rigorous assessment of third-party providers
- Employee Training: Regular security awareness programs
Data protection
- Privacy Controls: Compliance with data protection regulations
- Audit Logging: Comprehensive tracking of system activities
- Backup and Recovery: Robust disaster recovery procedures
- Data Retention: Clear policies for data lifecycle management
What this means for Papermark users
Enhanced security assurance
Your sensitive documents, financial data, and business information are protected by enterprise-grade security controls that have been independently verified.
Compliance support
Papermark's SOC 2 compliance helps you meet your own compliance requirements, whether you're in finance, healthcare, legal, or other regulated industries.
Trusted partner status
You can confidently use Papermark for critical business processes knowing that our security practices meet the highest industry standards.
Competitive advantage
When sharing documents with investors, partners, or clients, you can highlight that you're using a SOC 2-compliant platform.
Real-world impact
For fundraising
When raising capital, investors expect to see robust security measures. Papermark's SOC 2 compliance demonstrates that your data room meets enterprise security standards.
For M&A transactions
During mergers and acquisitions, both parties need assurance that sensitive information is protected. Our compliance provides that confidence.
For due diligence
Legal and financial professionals can trust that their client data is secure when using Papermark for due diligence processes.
Looking ahead
SOC 2 compliance is not a one-time achievement but an ongoing commitment. We will:
- Annual Audits: Maintain compliance through regular SOC 2 Type II audits
- Continuous Improvement: Enhance security controls based on emerging threats
- Transparency: Provide compliance documentation to enterprise customers
- Innovation: Continue developing advanced security features
Get started with Papermark
Ready to experience enterprise-grade security for your document sharing needs?
- Start Free: Create your first data room
- Learn More: Explore our security features
- Enterprise: Contact our sales team
Conclusion
Achieving SOC 2 Type II compliance is a testament to Papermark's dedication to security and trust. As organizations increasingly rely on digital platforms for sensitive business processes, having a SOC 2-compliant partner is essential.
We're proud to provide the security, reliability, and compliance that modern businesses require, while maintaining the ease of use and powerful features that make Papermark the preferred choice for virtual data rooms.
For questions about Papermark's security and compliance, contact us at security@papermark.com or visit our Security page.