Trust Stamp partnered with Ibexlabs to achieve SOC 2 Type II readiness by enhancing its AWS infrastructure and implementing robust security policies. The collaboration strengthened Trust Stamp's security posture and accelerated the compliance process, building customer trust and new business opportunities.
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About
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Challenge
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Solution
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Results
About Cascadia Scientific
Trust Stamp develops AI-powered software for identity verification, cybersecurity, biometrics, cryptography, and fintech. Trust Stamp’s powerful identity platform allows clients to transform security, privacy, and usability in digital operations. The organization offers various leading AI-powered technologies, including biometric, document, and liveness verification, data protection, and more, to support robust identity frameworks that can be established, augmented, and modified with agility and speed.
The Challenge
Trust Stamp wanted to achieve the SOC 2 Type II report to build customer trust and corroborate the robust security of its platform. However, navigating SOC 2 criteria, meeting compliance gaps, and audit requirements posed significant challenges. The organization sought an AWS-managed compliance and solutions provider that would help streamline their path to SOC 2 readiness with expert assistance and guidance.
The Solution
Trust Stamp’s existing platform is hosted on Amazon Web Services (AWS). They decided to team with Ibexlabs because Ibexlabs holds the AWS Level 1 Managed Security Service Competency and is a certified AWS Well-Architected Partner. To help Trust Stamp become SOC 2 compliant, Ibexlabs performed the AWS Well-Architected Framework Review and the AWS Foundational Technical Review to build the most secure, high-performing infrastructure possible. Implementing SOC 2 readiness involved several vital components that Ibexlabs fulfilled.
- Compliance assessment
- Infrastructure setup
- Policy development
- Risk assessment
- Device compliance
- Continuous control monitoring
- Vendor assessment
- Trust center
- Internal controls
- Penetration testing
- Audit and reporting
Ibexlabs also recommended Drata, an automation platform for security and compliance, to help Trust Stamp to establish a comprehensive security posture. Drata automates manual tasks associated with SOC 2 compliance, such as evidence collection, policy management, and workflow management. The automation saved Trust Stamp significant time and resources, allowing them to focus on core business activities.
The Results
Trust Stamp’s successful audit readiness showcased the effectiveness of Ibexlabs’ guidance on SOC 2 compliance. Being SOC 2 ready has helped Trust Stamp secure new business opportunities and solidify customer trust. Here are some key benefits they experienced:
- Streamlined compliance: Ibexlabs’ expertise and Drata’s automation capabilities helped Trust Stamp reduce the time spent managing compliance.
- Enhanced security posture: Leveraging AWS security controls and Ibexlabs’ guidance on best practices, Trust Stamp identified and addressed potential security gaps, further fortifying its security environment.
- Improved customer trust: A successful SOC 2 Type II audit readiness provided Trust Stamp with a third-party validated report on customer data protection. Trust Stamp built customer confidence, showcasing their commitment to security.
Whether you are just starting or looking to accelerate your cloud journey, Ibexlabs is proud to be your trusted partner. We offer expert cloud consulting, managed services, cloud-native development, cloud security, and compliance solutions tailored to your needs. Contact us here today.
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