AI Cybersecurity: 5C AI Achieves SOC 2 Type 2

Ever since the founding of 5C AI cybersecurity has been a top priority. They reached out to our team to help them with their SOC 2 Type 2 certification with hopes of entering the American market. We shook hands and got to work, helping them prepare the entire process from the beginning all the way to the external audit.

The Highlights

Efficient Compliance Process

By automating the gap analysis and remediation plan, Mindsec’s team of experts coordinated activities, ensured accuracy throughout the process, and provided guidance, allowing 5C AI to achieve compliance in a highly efficient timeframe.

Unlocking Growth Opportunities

By attaining SOC 2 Type 2 compliance, 5C AI was able to unlock potential customer opportunities, that would have otherwise been ruled out due to lacking certification. 

Differentiated Support

5C AI found Mindsec’s approach to compliance support to be highly beneficial – offering guidance and support throughout the process. 5C AI navigated the compliance journey with confidence and expertise.

The Results of AI Cybersecurity

60-70% Savings for Compliance Budget

The combination of an automation platform and dedicated expert radically reduced costs, timelines, and workload for 5C AI cybersecurity ambitions and its team.

3 Months SOC 2 Type II Audit-Ready

5C AI successfully completed all of their audit requirements and was ready for their audit.

Certified! 5C AI Passed The Audit

5C AI leveraged the quick process of working with an auditor from Mindsec’s network, completing the audit seamlessly on platform while Mindsec managed every step of the relationship with their auditor.

The Challenges of AI Cybersecurity

5C AI, a leading provider of cloud technology solutions, had been planning to achieve SOC 2 Type 2 compliance for some time. ​

​A few years back, they successfully completed a SOC 2 Type 1 audit, but the complexity of the planning process for Type 2 led them to delay their compliance efforts. Their gap analysis alone had taken more than 4 months of time and resources.​

​The need for SOC 2 compliance became increasingly pressing as 5C AI sought to capitalize on market opportunities. ​

​They recognized that lacking SOC 2 compliance meant missing out on potential customers who required this certification. ​

​For lean technology companies like 5C AI, the missing piece of the puzzle was finding a trusted partner to navigate the SOC 2 compliance process efficiently.

The Solution

5C AI partnered with Mindsec to unblock potential customer opportunities and address their concerns about navigating the SOC 2 compliance process without internal expertise. ​

​Mindsec’s team of experts combined with the SOC 2 compliance automation platform proved invaluable in simplifying and streamlining the entire process for 5C AI cybersecurity.​

​“Mindsec really made our whole process more efficient,” says Mike Gero, VP Operations at 5C AI.​

​“The value of the platform truly lies in the fact that it provides the team a structured workspace and defines and quantifies the roadmap for us. And when I want to measure my teams progress, I can simply open the dashboard and see exactly where we stand.”​

​ “Their experts coordinated all the activities, ensured every step of the process was correct, and led us through the process. And that was really the missing piece of the puzzle to go through this in a reasonably fast pace.”

Benefits of AI Cybersecurity

Working with Mindsec offered several key benefits for 5C AI. Firstly, for smaller teams at lean technology companies like 5C AI’s, the combination of automation software and the professional team enabled them to streamline their compliance efforts.

5C AI also evaluated CPAs for SOC 2 compliance, but found their approach lacking. “We knew how burdensome this process could be”, explains Gero, “but their limitation is that they’re not really providing any of the guidance and support along the way. They’re really just the auditor at the end that evaluates your test score, so to speak. With Mindsec, it was like having a tutor making sure we’d be ready for the final exam.“​

​With Mindsec’s assistance, the 5C AI cybersecurity in SOC 2 Type 2 was fully achieved in just 3 months, setting them up for accelerated growth and unlocking new customer opportunities. Now that Mindsec’s platform maintains their automated SOC 2 compliance for them, 5C AI takes the ultimate benefit of achieving continuous control of their security compliance.