| Summary: Lowry Solutions achieved SOC 2 Type I compliance, demonstrating its commitment to data security, privacy, and regulatory compliance. The independent audit, conducted by Prescient Assurance, resulted in an unqualified opinion, validating that Lowry Solutions maintains strong controls and enterprise-level security standards to protect customer data and build trust. |
Friday, November 3, 2023 – Lowry Solutions announced today that it has achieved SOC 2 Type I compliance in accordance with American Institute of Certified Public Accountants (AICPA) standards for SOC for Service Organizations, also known as SSAE 18. Achieving this standard with an unqualified opinion serves as third-party industry validation that Lowry Solutions provides enterprise-level security for customers’ data secured in the Lowry Solutions System.
Lowry Solutions provides a cloud-based community management and virtual event platform to customers throughout the United States. Lowry Solutions was audited by Prescient Assurance, a leader in security and compliance attestation for B2B, SAAS companies worldwide.
What SOC 2 Type I Compliance Means
SOC 2 (System and Organization Controls 2) is a widely recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA). It is designed to evaluate how service organizations manage customer data based on five “Trust Service Criteria”:
- Security
- Availability
- Processing Integrity
- Confidentiality
- Privacy
SOC 2 Type I specifically evaluates the design of controls at a specific point in time, ensuring that systems are properly structured to meet strict security and compliance requirements.
For Lowry Solutions, achieving SOC 2 Type I compliance demonstrates that its internal systems, processes, and safeguards are designed to meet high standards of operational security and data protection.
Independent Third-Party Validation
The SOC 2 Type I audit was conducted by Prescient Assurance, a globally recognized leader in security and compliance attestation for B2B and SaaS organizations.
Prescient Assurance is a registered public accounting firm in both the United States and Canada and specializes in a wide range of compliance and risk management frameworks, including:
- SOC 2
- PCI DSS
- ISO standards
- NIST frameworks
- GDPR
- CCPA
- HIPAA
- CSA STAR
This independent audit ensures that the compliance assessment is unbiased and meets global assurance standards.
By working with Prescient Assurance, Lowry Solutions has obtained a third-party validation that confirms its security architecture is designed to protect sensitive customer data in alignment with industry expectations.
Why This Compliance Matters for Enterprise Customers
In the digital-first enterprise world of today, organizations are already dependent on cloud-based systems and integrated platforms for operational management, supply chain operations, and asset visibility. This dependency on digital infrastructure also heightens the risk of data breaches, system failure, and regulatory non-compliance.
This raises relevant security concerns, which are directly addressed with Lowry Solutions’ SOC 2 Type I compliance by assuring that:
- Customer data is processed in a compliant way
- The internal systems are very well secured
- Threats of unauthorized access are actively prevented
- Data integrity across platforms and workflows
That is paramount for manufacturing, logistics, healthcare, and retail — typical industries with sensitive operational data of mission-critical importance.
Strengthening Trust in Cloud-Based Solutions
Lowry Solutions is a provider of cloud-based systems that enable enterprise asset tracking, inventory management, and real-time visibility across complex operational environments. These systems are based on a continuous flow of data from multiple sensors and tagging powers such as RFID, barcode, GPS, and IoT technologies.
Hence, strengthening the trust in such systems and SOC 2 Type I compliance attests to the following:
- Data is processed securely within the cloud environments
- Strict security principles are followed in the system architecture
- Controls should be designed to detect and mitigate these weaknesses
- Sensitive data access is closely controlled
This means a more trustworthy and secure operational data source for Lowry Solutions’ customers who are on their platforms.
Alignment With Industry Standards and Best Practices
Achieving SOC 2 Type I compliance aligns Lowry Solutions with globally recognized best practices for information security management. These practices are essential for companies operating in highly integrated digital ecosystems where data flows across multiple platforms and devices.
Key areas of alignment include:
1. Secure System Design
Lowry Solutions ensures that its systems are designed with security embedded at every level, from infrastructure to application layers.
2. Controlled Access Management
Access to systems and data is restricted based on roles and responsibilities, reducing the risk of unauthorized exposure.
3. Monitoring and Risk Mitigation
Continuous monitoring practices help identify and address potential risks before they impact operations.
4. Data Protection Measures
Strong encryption and data handling protocols ensure that sensitive information remains protected during storage and transmission.
Impact on Lowry Solutions’ Ecosystem
SOC 2 Type I compliance provides Lowry Solutions with a globally recognized best practice for the management of customer data based on five trust service principles: security, availability, processing integrity, confidentiality, and privacy. Such practices are required for companies whose digital ecosystems have grown extremely complex with data flowing across numerous platforms and devices.
Key areas of alignment include:
Secure System Design
Lowry Solutions makes sure that security is baked in at all aspects of the system, from the infrastructure to application layers.
Controlled Access Management
Access to systems and data is based on roles and responsibilities, limiting the chances of wrongful exposure.
Monitoring and Risk Mitigation
Continuous monitoring practices ensure that potential risks are recognized and acted on before operations are compromised or interrupted.
Data Protection Measures
Using strong encryption and data handling techniques, sensitive information is kept safe whether deployed in store or over the air.
A Milestone in Continuous Improvement
SOC 2 Type I compliance is more than an attestation to the design of Lowry Solutions’ security controls at a point in time; it reflects ongoing commitment and accountability.
After achieving SOC 2 compliance, organizations usually keep on bolstering their systems by:
- Regular audits and assessments
- Enhanced monitoring tools
- Updated security policies
- Continuous employee training
- Infrastructure upgrades
This milestone is a stepping stone for Lowry Solutions, aligned with our larger journey of remaining at an apex in operational excellence and security maturity.
Benefits for Customers
Lowry Solutions’ SOC 2 Type I compliance delivers tangible benefits to its customers, particularly those operating in regulated or data-sensitive industries.
Key customer advantages include:
- Increased confidence in data security
- Reduced compliance risk exposure
- Improved trust in cloud-based systems
- Stronger assurance for enterprise IT teams
- Enhanced reliability of integrated tracking solutions
This is particularly valuable for organizations managing large-scale operations where system downtime or data breaches could result in significant operational disruptions.
About Prescient Assurance
Prescient Assurance™ is a globally leading provider of security and compliance attestation solutions. It is a registered public accounting firm in the U.S. and Canada that focuses on validating compliance with SOC 2, PCI, ISO, and several global data protection standards.
By auditing Lowry Solutions, the SOC 2 Type I compliance report is an independent, credible, and industry-recognized evaluation of security controls.
You May Also Like More About The Author: Prescient Assurance
info@prescientassurance.com
Conclusion
The attainment of SOC 2 Type I compliance represents a significant advancement in Lowry Solutions’ ability to demonstrate its long-standing commitment to data security, operational dependability, and customer trust. The company proves through independent third-party validation that its systems are designed with security first by passing stringent AICPA standards.
Security and compliance will also remain paramount as enterprises continue winning in the cloud for tracking, automation, and IoT-driven solutions. The SOC 2 Type I certification from Lowry Solutions makes customers feel secure knowing their data is handled in a managed, organized, and professionally governed manner.
This milestone cements Lowry Solutions as a trusted partner for organizations seeking integrated asset and inventory tracking solutions that are secure and scalable.
Frequently Asked Questions
SOC 2 Type I is an audit standard that evaluates whether an organization’s security controls are properly designed to protect customer data at a specific point in time.
It provides independent verification that a company follows recognized security and compliance practices, helping customers trust how their data is managed and protected.
The audit was conducted by Prescient Assurance, a firm specializing in security and compliance assessments for B2B and SaaS organizations.
An unqualified opinion indicates that the auditor found Lowry Solutions’ controls and processes met the required SOC 2 standards without significant issues.
Customers gain confidence that their data is protected by robust security controls, industry best practices, and independently validated compliance measures.
A Horizons Talent Alumnus and Microsoft Certified Systems Engineer (MCSE), the author brings a proven track record of success in senior shared-services leadership roles within large, complex multinational organizations, particularly in the manufacturing sector.
With deep experience at Senior Manager level, they have led strategic customer relationships by understanding core business imperatives, shaping service and solution propositions, and delivering measurable business outcomes.
