Luminai is SOC 2 Type II compliant

Kesava Kirupa Dinakaran
August 11, 2023

We are pleased to announce that Luminai has achieved SOC 2 Type II compliance. This is another significant milestone demonstrating our commitment to providing our customers with the highest level of security and compliance.

As a technology company, Luminai recognizes the importance of maintaining strong security controls and compliance measures. Our customers trust us with their sensitive data, and achieving both SOC 2 Type I and Type II  compliance ensures that we meet rigorous security, availability, and confidentiality standards.

What is SOC 2 Audit?

SOC 2 is an audit framework created by the American Institute of Certified Public Accountants (AICPA) that measures a company's adherence to five Trust Services Criteria: security, availability, processing integrity, confidentiality, and privacy. Independent auditors perform SOC 2 audits to ensure that a company's controls and procedures meet SOC 2 standards.

Why does SOC 2 compliance matter?

SOC 2 compliance is essential for any company that handles sensitive data, especially in industries such as finance, healthcare, and technology. Compliance with SOC 2 standards assures customers that their data is being handled securely and that the company has implemented adequate controls and procedures to protect their information.

Why is the difference between SOC 2 I and  SOC 2 II?

SOC 2 Type I audits attest to the design and implementation of controls at a single point in time. The auditor will review evidence from your systems as it exists at a particular “moment in time” and produce a Type I report.  

SOC 2 Type II audits attest to the design, implementation and operating effectiveness of controls over a period of time, typically between 3 and 12 months. A Type II audit provides assurance that controls are not only designed and implemented, but that they operated effectively and as intended over the defined period of time. 

In other words, while a SOC 2 Type I report explains your plan for security, a SOC 2 Type II report explains your plan and also assesses how well it works. This type of report, of course, is more comprehensive and more reliable for clients, so some clients may request it. The process takes longer, though, because it requires months of monitoring to get the documentation this report needs.

How does Luminai put security first?

At Luminai, we take security very seriously. We have implemented a comprehensive security program that includes regular vulnerability scanning and penetration testing, data encryption, access controls, and employee training. We continually monitor and update our security practices to ensure we protect our customers' data to the highest standards.

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