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The SOC 2 certification is an assurance on the service organization’s principal service commitment in accordance with International Standard on Assurance Engagements (ISAE) 3000 issued by International Auditing and Assurance Standards Board (IAASB). The certification also provides assurances about whether the controls have been designed and operated effectively based on the applicable Trust Services Criteria (TSC).
FAB has engaged Independent Service Auditor’s to review the applicable trust services criteria for Information security services offered to the FAB International branches. Scope of the certification includes India, France, Hong Kong, Singapore, United States of America, United Kingdom, Kuwait and Saudi Arabia for the service offered throughout the period 1st February 2023 to 31st October 2023.
The SOC 2 Trust Services Criteria includes:
Security
This Criteria is also known as common criteria and is included to demonstrate that systems at a service organization are protected against unauthorized access and other risks that could impact the service organization’s ability to provide the services promised to clients.
Availability
Included where service organizations need to demonstrate that their systems are available at all times.
Processing integrity
Demonstrates that system processing is occurring accurately and timely.
Confidentiality
Included to demonstrate that data classified as confidential is protected.