“This achievement required a sizable amount of effort in documenting and tightening our processes, and completes our transition from being a small, casual organization into a modern corporation,” said
The SOC 2 Report has become a benchmark standard, and now an often-specified requirement, in the software procurement process. Established by the
“The SOC 2 audit across all AITX subsidiaries was a big investment in time and resources. As a handler of confidential customer data, we’ve voluntarily met the exacting standards and industry benchmarks of the AICPA which reflects our client commitment where security and control standards are concerned,” said
Along with existing security protocols, this new certification is representative of AITX’s ongoing efforts to ensure the safety of customers’ data. This dedication to security is critical to fulfilling the Company’s mission of empowering organizations to gain new insight, solve complex challenges, and fuel new business ideas at a reduced cost.
“From a client’s perspective, I understand being hesitant about doing business with a security device manufacturer that could not substantiate SOC 2 compliance as a minimum standard,” Reinharz added. “We recognize that these types of compliance certifications are not only good for our organization internally but are the standard for operating a high-quality business that our clients expect."
“Issuance of AITX’s SOC 2 Type 1 report demonstrates their commitment to implementing an internal control environment focused on protecting the security and confidentiality of customer information, and the availability of AITX’s Automated Security Monitoring system,” said
AITX confirmed that it has entered a SOC 2 Type 2 audit observation window that is expected to culminate in a Type 2 certification report in 2022. SOC 2 reports will be made available to current or potential customers upon execution of a non-disclosure agreement and some highlights may be publicly posted on AITX and RAD websites.
“I view being SOC 2 compliant as a must-have when serving Fortune 500 businesses and other clients. Working through this process did not require significant modification to the systems we’ve delivered to clients as security is in our DNA and the penetration testing, we performed checked us out just fine, but the internal changes required were significant. It’s fantastic to have worked through the details on how we can scale with the highest standards and that’s exactly what we’re going to do,” commented
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This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of
About
AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staffs and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com and www.radlightmyway.com, or follow
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949-636-7060
@SteveReinharz
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Artificial Intelligence Technology Solutions, Inc
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Artificial Intelligence Technology Solutions, Inc
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