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Is your Digital Asset Management (DAM) software SOC2 compliant and why does it matter in Australia?

September 23, 2022 Antra Silova

What is SOC 2?

SOC stands for Service and Organisation Controls, introduced by AICPA (American Institute of Certified Public Accountants), and is based on Trust Service Principles – a combination of Security, Confidentiality, Processing Integrity, Availability, and Privacy. Simply said, it’s an auditor’s opinion on a service organisation’s ability to report on the design of controls. It is one of the more common compliance requirements that tech companies should meet today to be competitive in the market.


SOC 2 and your Digital Asset Management software

A DAM solution helps organisations store, process, manage, and share their digital assets, and as such should ensure security and privacy of users’ data. While ISO 27001 certification is globally well known and should be a standard for a DAM platform, a SOC 2 compliance certificate has been gaining popularity in North America, Europe, and now also in Australia.


Both security frameworks serve a similar audience – end users of a technology platform that want to make sure their data is being protected. The ISO 27001 certificate ensures you have a security system in place, while the SOC2 focuses on proving you’ve implemented security controls to protect customer data.


Why SOC2 matters in Australia?

As mentioned in one of our earlier posts on how to select a DAM solution in Australia, your DAM solution’s security is one of the things to consider when choosing a digital asset management platform. Will your data be safe, stored in a secure data center?

Highly regulated industries in Australia – government, education, healthcare, banking, for example, require adherence to pre-defined security standards. For others, such reports would give confidence the DAM vendor is taking all measures to keep your data safe, including not only the safety of data storage, but also access and monitoring.


For Canto, the safety of your valuable brand assets and security and privacy of users’ data has always been top priority. As SOC2 compliant and ISO 27001 certified digital asset management solution, Canto stands ahead of many DAM solution providers in Australia, not only based on the security measures but also speed of innovation, functionality and user experience.


databasics is Canto DAM distributor in Australia and New Zealand. To learn more about Canto  Contact us

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