SOC 2 Compliance Services
SOC 2 – What is it and why should you care?
You may be hearing the term “SOC 2” more and more as you bid on jobs, apply for insurance coverage, raise capital, or satisfy regulators. So, what is it, and why should you care? Developed by The American Institute of Certified Public Accountants (AICPA), SOC 2 provides 5 key controls to manage customer data, known as the Trust Service Principles (TSP). For security-conscious businesses, SOC 2 compliance is a minimal requirement when considering a SaaS provider. SOC 2 Compliance is now one of the most common requirements from business that mandates a third-party assessment of your security controls.
How We Can Help You Comply With SOC 2 requirements
With the help of our SOC 2 compliance services, achieving and maintaining compliance is simplified and optimized to make it a reality. Many of our clients have benefited from significantly enhanced security postures and an ability to demonstrate the same to their key stakeholders, including business-critical customers that they are indeed secure.
Reasons to Become SOC 2 Compliant
Secure business partnerships
Improve your security measures
Prevent incidents & financial losses
Protect your brand image
Appeal to investors and buyers
Comply with partner requirements
Types of SOC 2 reports
SOC Type 1 is analogous to a “note to reader” financial statement whereas SOC Type 2 is analogous to an audited financial statement. Therefore, the most involved, detailed, and valuable SOC certification that evaluates your operations is a SOC 2 Type 2 report.
- Type I – describes a vendor’s systems and whether their design is suitable to meet relevant trust principles.
- Type II – details the operational effectiveness of those systems.
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The 5 Trust Service Principles of SOC Compliance (TSP)
Information and systems are protected against unauthorized access, unauthorized disclosure of information, and damage to systems that could compromise the availability, integrity, confidentiality, and privacy of information or systems and affect the entity’s ability to meet its objectives.
Information and systems are available for operation and use to meet the entity’s objectives.
System processing is complete, valid, accurate, timely, and authorized to meet the entity’s objectives.
Information designated as confidential is protected to meet the entity’s objectives.
Personal information is collected, used, retained, disclosed and disposed [of] to meet the entity’s objectives.
Tell us About Your SOC 2 Compliance Needs
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