the policy says that, but there is no external verification or auditing.
So its hard to trust.
So its hard to trust.
For legal issues it's a bit more nuanced (eg new york state has guidelines about best practices, but they're honestly fairly sensible and would probably allow SOC 2 or equivalent)
The best thing anybody can do with your data is not store it for very long. Beyond that, they should take sensible measures, like encrypt it at rest, have policies restricting access, etc