Announcing SOC 2 Type 1 Certification for Altium 365

 

Introduction

In today's digital landscape, where cloud-based solutions are becoming increasingly prevalent, ensuring the security and confidentiality of data is of utmost importance. Altium, a leading provider of electronic design automation software, has taken a significant step towards reinforcing its commitment to data security and privacy by achieving the prestigious SOC 2 Type 1 certification for its cloud-based platform, Altium 365.

What is SOC 2 Type 1 Certification?

The Service Organization Control (SOC) 2 Type 1 certification is a widely recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA). This certification provides assurance that an organization's systems and processes are designed to meet the stringent requirements for security, availability, processing integrity, confidentiality, and privacy.

The SOC 2 Type 1 audit is a point-in-time assessment that evaluates the design and implementation of an organization's control environment related to the Trust Services Criteria. This certification demonstrates Altium's commitment to maintaining a robust security posture and adhering to industry best practices for safeguarding customer data and ensuring the reliability of its cloud-based services.

Altium 365: A Comprehensive Cloud Platform

Altium 365 is a cloud-based platform that provides a centralized and collaborative environment for electronic design teams. It offers a suite of tools and services designed to streamline the entire product development lifecycle, from design capture to manufacturing and supply chain management.

With Altium 365, teams can securely access their design data, collaborate in real-time, and leverage powerful cloud computing resources to accelerate their design processes. The platform also integrates with various third-party tools and services, enabling seamless integration and data exchange across the entire ecosystem.

Key Features of Altium 365

• Centralized Design Data Management: Altium 365 provides a secure and centralized repository for design data, ensuring version control and enabling real-time collaboration among team members.
• Cloud-based Design Tools: Users can access powerful design tools and resources directly from the cloud, eliminating the need for local installations and enabling seamless access from anywhere.
• Collaborative Environment: The platform facilitates real-time collaboration, allowing team members to work simultaneously on design projects, share comments, and track changes.
• Scalable Computing Resources: Altium 365 leverages cloud computing resources, enabling users to scale their computing power on-demand and accelerate resource-intensive tasks such as simulations and design rule checks.
• Supply Chain Integration: The platform integrates with various supply chain management tools and services, streamlining the transition from design to manufacturing and enabling efficient component sourcing and procurement.

Benefits of SOC 2 Type 1 Certification

The SOC 2 Type 1 certification for Altium 365 provides numerous benefits to customers, partners, and stakeholders:

1. Enhanced Data Security: The certification validates that Altium has implemented robust security controls and measures to protect customer data from unauthorized access, disclosure, or modification.
2. Compliance with Industry Standards: By adhering to the SOC 2 Trust Services Criteria, Altium demonstrates its commitment to maintaining compliance with industry-recognized security and privacy standards.
3. Increased Customer Confidence: Customers can have greater confidence in entrusting their sensitive design data and intellectual property to Altium's cloud-based platform, knowing that it meets stringent security requirements.
4. Competitive Advantage: The SOC 2 Type 1 certification provides Altium with a competitive edge in the electronic design automation market, showcasing its dedication to delivering secure and reliable cloud-based solutions.
5. Continuous Improvement: The audit process involves regular assessments and ongoing monitoring, ensuring that Altium remains vigilant in identifying and addressing potential security risks and continuously enhancing its control environment.

Table: SOC 2 Trust Services Criteria

The SOC 2 Type 1 certification evaluates an organization's control environment against the following Trust Services Criteria:

Trust Services Criteria
Description
Security
The system is protected against unauthorized access, use, disclosure, disruption, modification, or destruction.
Availability
The system is available for operation and use as committed or agreed.
Processing Integrity
System processing is complete, accurate, timely, and authorized.
Confidentiality
Information designated as confidential is protected as committed or agreed.
Privacy
Personal information is collected, used, retained, disclosed, and disposed of in conformity with the organization's privacy notice and with criteria set forth in the Generally Accepted Privacy Principles (GAPP).

By achieving the SOC 2 Type 1 certification, Altium has demonstrated its commitment to meeting these critical Trust Services Criteria, ensuring the security, availability, processing integrity, confidentiality, and privacy of its cloud-based platform and the data it handles.

Frequently Asked Questions (FAQs)

1. What is the purpose of the SOC 2 Type 1 certification? The SOC 2 Type 1 certification is an independent audit that evaluates an organization's control environment against the Trust Services Criteria established by the American Institute of Certified Public Accountants (AICPA). It provides assurance that the organization has implemented appropriate security controls and measures to protect customer data and ensure the reliability of its services.
2. What are the Trust Services Criteria evaluated in the SOC 2 Type 1 certification? The Trust Services Criteria evaluated in the SOC 2 Type 1 certification include Security, Availability, Processing Integrity, Confidentiality, and Privacy.
3. How does the SOC 2 Type 1 certification benefit Altium 365 customers? The SOC 2 Type 1 certification for Altium 365 provides customers with increased confidence in the security and reliability of the platform. It validates that Altium has implemented robust controls and measures to protect customer data and ensure the availability and integrity of its cloud-based services.
4. What is the difference between SOC 2 Type 1 and Type 2 certifications? The SOC 2 Type 1 certification evaluates the design and implementation of an organization's control environment at a specific point in time. In contrast, the SOC 2 Type 2 certification evaluates the operational effectiveness of those controls over a period of time, typically six to twelve months.
5. How does Altium plan to maintain and enhance its security posture? Altium is committed to continuous improvement and ongoing monitoring of its control environment. The company will undergo regular assessments and audits to identify and address potential security risks, ensuring that it remains compliant with industry standards and best practices for data security and privacy.

By achieving the SOC 2 Type 1 certification, Altium has demonstrated its unwavering commitment to providing a secure and reliable cloud-based platform for electronic design teams. This certification reinforces Altium's position as a trusted partner in the electronics industry, enabling customers to confidently leverage the power of cloud computing while ensuring the protection of their valuable design data and intellectual property.