How Trolley’s SOC 2® Type II Compliance Enhances Your Data Security & Privacy

Explore Trolley’s journey towards achieving SOC 2® Type II compliance, a hallmark of stringent security and privacy controls. Discover how this milestone reflects Trolley’s commitment to customer data protection, strengthens customer trust, and adheres to industry standards, thereby fostering a safer and more secure payment network for users.

At Trolley, we understand the importance of ensuring the security and privacy of our customers’ data and financial information. That’s why it’s important that we make time to announce that Trolley is SOC 2® Type II compliant.

For those unfamiliar with SOC 2®, it is a widely recognized information security standard developed by the American Institute of Certified Public Accountants (AICPA) that audits and certifies the security, privacy, and availability controls of cloud service providers and other service organizations. 

The SOC 2® Type II designation is a higher level of compliance that verifies the security and privacy controls are in place and operating effectively over an extended period of time, and meets the reporting requirements of SSAE-21, which became effective for service auditor reports dated on or after June 15, 2022.

So, what’s the difference between SOC 2® Type I and Type II compliance?

SOC 2® Type I compliance focuses on the design and implementation of a company’s security and privacy controls. This type of compliance verifies that the controls are in place and operating as intended at a specific point in time.

On the other hand, SOC 2® Type II compliance focuses on the operating effectiveness of the security and privacy controls over a period of time. This type of compliance not only verifies that the controls are in place but also that they are operating effectively and providing the intended level of security and privacy to the customers’ data and information.

So, why is SOC 2® Type II compliance important for Trolley and our customers?

  1. It demonstrates a commitment to security and privacy: SOC 2® Type II compliance shows that our company takes the security and privacy of our customers’ data and financial information seriously and is committed to protecting it.
  1. It enhances customer trust: By achieving SOC 2® Type II compliance, we are demonstrating to our customers that their data and information is safe and secure with us, which can help build and strengthen customer trust.
  1. It meets industry standards: SOC 2® Type II compliance is widely recognized and respected in the financial services industry. By achieving this compliance, we are demonstrating that our company meets the industry standards for security and privacy.
  1. It helps protect customer data: SOC 2® Type II compliance requires companies to have robust security and privacy controls in place, which helps to prevent data breaches and other security incidents that could compromise customer data and information.

Summing it all up

Achieving SOC 2® Type II compliance is an important milestone for Trolley and our customers. It demonstrates our commitment to the security and privacy of our customers’ data and information and helps build customer trust, meet industry standards, and protect customer data.

To learn more, or for questions about our security practices, visit the Trolley Security Policies page or reach out to [email protected]

Share this article:

Join The Payouts Pulse newsletter

Sign up to have vital insights, industry news, and all things payouts delivered to your inbox monthly.

More to explore

Superfans: How Passionate Listeners Evolved Into Lucrative Communities & Platforms

Superfans: How Passionate Listeners Evolved Into Lucrative Communities & Platforms

Superfans are the talk of the music industry, but are they new?…
Music Streaming Fraud: Challenges, Solutions, & Industry Insights

Music Streaming Fraud: Challenges, Solutions, & Industry Insights

Want to better understand music streaming fraud and how the industry plans…
What Are "Superfans" & Why Are They the Talk of the Music Industry?

What Are "Superfans" & Why Are They the Talk of the Music Industry?

“Superfan” is a buzzword in the music industry. But what is a…
So, How Exactly Do Streaming Services Calculate Royalties in 2024? 

So, How Exactly Do Streaming Services Calculate Royalties in 2024? 

We break down how different DSP payout models actually work, how streaming…
​​Music Royalties Explained: Understanding IRS Taxation for Music Payouts

​​Music Royalties Explained: Understanding IRS Taxation for Music Payouts

This guide for music business professionals breaks down the different types of…
Print Music Royalties: A Guide for Music Business Professionals

Print Music Royalties: A Guide for Music Business Professionals

This guide aims to help music business professionals looking to better understand…

Ready to get started?

To learn more about Trolley, schedule a demo with one of our team members or start a chat with a product expert by selecting the box on the bottom of your screen.