Payslip is pleased to announce that we have recently received a System and Organization Controls (SOC) SOC1 report. This is another milestone in our ongoing data security and information protection journey and follows on from previous certifications in ISO 27001:2013 and ISO 27001:2019.
This most recent report underpins our commitment to meeting the highest industry standards for information security management. (SOC) is a suite of important industry accreditations which assess an organizations’ ICFR (internal control over financial reporting). The SOC1 examination is an internationally recognized standard used across multiple different industries around the world.
This report is further official confirmation that Payslip has in place a recognized framework for managing people, processes and IT systems in a way that safeguards the confidentiality, integrity and availability of global payroll data.
We recognize the hugely sensitive nature of payroll data and personal identifiable information (PII), and we apply constant vigilance along with industry recognized certifications to ensure that our systems and processes adhere to the highest data privacy and information security standards.
Read more about our data security protocols
Why it matters
Protecting payroll data
Data protection and privacy are never far from the news these days- data breaches can result in weeks and months of investigative work as well as reputational damage. We do everything possible to mitigate any risks associated with access to payroll data on our secure platform- we recognize it is a target for hackers, so we invest heavily in security. Complying with SOC and ISO 27001 requirements help ensure that we meet all our obligations around data privacy legislation such as the EU General Data Protection Regulation (GDPR).
We regularly revisit our certifications as well as our own internal information protection protocols to ensure that we constantly prioritize risk management when it comes to data security and information management processes at Payslip.
Client Confidence
Our international clients place a high value on data and information security, and they insist that the highest levels of security are in place, protecting their company employee data at all times. We supply all clients with detailed information on our rigorous data security management process here at Payslip, and our broad range of industry recognized certifications help to reassure all of our clients that their data is being managed in a secure and compliant manner.
Compliance
SOC1 is more than an industry examination, it is a commitment to ongoing compliance and continuous data security improvement. An external review process is required in order to achieve this report which helps to ensure that the security, compliance, and governance measures in place on our global payroll control platform align with the highest international standards.
Payslip as an organization continues to meet these standards which represent an important validation of our security and privacy measures while helping to reassure our clients that all payroll data is handled in a secure and compliant manner.Ralitsa Slavova
Senior Project and Governance Manager
Download our Data Security, Privacy & Compliance Data Sheet
Data security at Payslip
Payslip has achieved accredited certification with the following globally recognized standards for security and data protection.
- ISO27001:2013
- ISO27001:2019
- SOC1 Report
- GDPR
- PIMS (Privacy Information Management Systems)
The Payslip platform is designed to protect and preserve data integrity as well as defend payroll data from unauthorized access and cyber-attacks. It has rigorous levels of security and auditing built in as well as a wide range of due diligence documentation that ensures Payslip’s operations are being assessed against strict information security and data protection requirements.
- Data Encryption
- Single Sign-On and Two-factor authentication
- Data control audits
- Role-based access rights
- Data Governance
- Document Repository
Data is shared inside the secure platform, removing the use of excel spreadsheet or email data transfers which are risky, error prone and subject to interception or manipulation. Clients can enforce rule types and approval authorizations needed per payroll, country, or report.
The platform also features digital audit trails which helped provide security and transparency while also enabling global employers to meet their compliance responsibilities. These digital audit trails can outline who interacted with the data, when and for what reason. These can be very helpful when it comes to tracking activity for security reasons.
Payslip enables employee access to their personal payroll data. Global employers can protect employee pay and personal data in a secure cloud-based environment. Two factor authentication is easily enabled within this portal for increased password protection and privacy.
As a global company with international clients, these help us to maintain the integrity of client, supplier and employee data - this is essential for building trust.
The process for improving our framework for safeguarding the confidentiality, integrity and availability of our data is ongoing and continuous. Our information security & governance teams as well as our data protection officer continue to monitor all data protection legislation and industry best practices to ensure our platform always remains up to date with the latest industry innovations when it comes to data protection, information management and privacy.
For more information about our Global Payroll Control Platform contact us today.