LOS ANGELES, California – Fama Technologies, Inc., the world’s largest online background screening solution, has successfully achieved SOC 2® Type 1 compliance in accordance with attestation standards established by the American Institute of Certified Public Accountants (AICPA). Achieving this compliance milestone demonstrates how Fama safeguards customer data and maintains controls over the completeness and accuracy of financial transactions and financial statement reporting.
System and Organization Controls (SOC) is an internationally recognized auditing standard for service organizations, developed by the AICPA that ensures service providers meet a standard degree of security controls.
“Bringing this level of recognized security to Fama is another way we stay at the forefront of compliance and security for our customers. Hats off to our team and our partnership with MJD Advisors for completing this in less than 6 months,” added Fama’s CTO, Brendten Eickstaedt.
The SOC 2® Type 1 audit report, conducted by independent third-party audit firm, MJD Advisors, focuses on non-financial reporting controls relevant to security, availability, processing integrity of the systems the service organization uses to process customer data as well as the confidentiality and privacy of the information processed by these systems.
“Ensuring operations and data security is imperative for every organization that relies on cloud-based services,” says Ben Mones, CEO at Fama. “SOC 2® Type compliance reinforces Fama’s ongoing commitment to the highest compliance standards and protecting our customers.”
Fama is the world’s largest online background screening company, whose AI technology compliantly searches over 10,000 publicly available online sources to surface possible workplace misconduct issues like fraud, threats, harassment and violence. With Fama, organizations pre-screen candidates for possible public violations of their code of conduct which left unchecked have the potential to damage the employee experience, the brand and increase costs. Every minute Fama checks save employers from costly problem hires. Headquartered in Los Angeles, CA, Fama has raised $27M and is backed by some of the world’s leading venture capitalists and institutional investors. To learn more, visit http://www.fama.io.