C2FO Security

Our SOC 2 Type 2 report provides reasonable assurance that C2FO’s practices are achieved based on the AICPA Trust Services Criteria for security, availability, processing integrity and confidentiality. You can email the team at [email protected] to request a copy of the most recent SOC 3 report for a summary of the results.

C2FO is certified compliant with the International Organization for Standardization’s 27001 Information Security Management Standard. This widely recognized standard measures every aspect
of C2FO’s organizational and technical controls against global security standards.

In addition to our own internal vulnerability assessments, we contract certified professionals to find and exploit vulnerabilities in our product at least once every year. Everything found is classified based on risk, duly prioritized and remediated accordingly.

We build our information security requirements on four key pillars:

• Applicable regulations;
• Contractual obligations;
• Compliance with standards like those mentioned above; and
• Best practices and industry standards.

We select the policy points that are strictest but reasonable based on these standards. Those policy points then become the standard for all security. Establishing a minimum standard for security also makes us consider our entire company, who we are, what actually matters, and what it means to be “secure”. It is important to note that these pillars are not prioritized in any order. It’s often the case that the requirements coming from one pillar are based on requirements coming from one or more of the others. What does matter to us is knowing why we made the decisions we did.

Need to Know and Least Privilege are universal concepts for any security program, not just C2FO. The goal is to limit access in a responsible and unintrusive way. Over the course of any 90-day period, access logs will start to reveal a pattern showing us exactly what behavior we can expect to see from anyone or anything that is functioning properly. That behavior is exactly what is needed and nothing more. We will work to prune away any access that isn’t reflected in the story told by those logs. Simply put, if you don’t need to access certain data in the course of your work then it’s best to keep that data and those privileges safely tucked away. This goes for people, applications, third-party services, and anything else interacting with C2FO information and systems.

All security policies are based on risk. First, classify all information. Then, we consider the likelihood that the information could be compromised. Finally, we consider the impact on the business if a compromise did occur. With those three aspects ranked, we can create a risk score. The score will give us an idea of how important it is that we protect the asset or information. If a vulnerability has been discovered, the risk score will tell us how quickly we must act to remediate the issue. All assets interact with information, so all assets are subject to regular risk assessments. Most importantly, the risk score determines which security controls we must enforce to minimize the likelihood of a compromise. The mission of any information security team is to eliminate Risk altogether.

Everyone has their role to play when it comes to security. This starts with their role within the company and continues to the team, the project and the assets with which they’re associated. We align these roles with access in a way that is consistent with our philosophy. Using role-based access controls (RBAC) enables us to understand how the company works and the relationships connecting all operations and solutions. Projects will change as the company evolves. Employees are promoted or move departments. By using roles, these changes can happen smoothly and with little or no impact on the business.

We make security a requirement throughout the development lifecycle. Our team of security engineers is involved with the engineering architecture, feature design, code review and continuous monitoring after release. All code is manually reviewed to ensure security, stability and completeness. There are automated scans throughout the development process that check code for common vulnerabilities found in the NVD listing. Our full stack is continually tested in completely separated development, staging and acceptance environments before it’s deployed to production.

All data is encrypted at rest and in transit using industry standards. Encryption keys are generated, stored and accessed using password managers for both personnel and service account access.

Our service is deployed to both AWS and GCP across multiple geographical regions giving you the option of where to house your data. Both cloud providers feature top-of-the-line security controls which we configure and closely monitor using cloud security posture management (CSPM) tools. Services are hosted in containers to ensure that environments are consistent across test and production. C2FO leverages infrastructure as code. We create minimal images so that we’re only deploying exactly what we need to with no stray tools that may come with standard OS distributions.

We regularly make database backups and restoration tests to minimize data loss.

All services are integrated into central log monitoring, analysis and alerting tools so you know that someone is always ready to respond if there’s an incident.

C2FO offers multiple light touch options to integrate with your ERP seamlessly. These non-invasive approaches leverage simple data-sharing methods, ensuring your ERP remains unchanged. Once configured, your ERP will send data to the C2FO platform following best-in-class industry security standards to support your own cashflow marketplace. You will be assigned a highly trained C2FO implementation consultant to assist and make sure that your ERP connection is valid and running in one of our testing environments before going live with vendors.