A SOC 2 audit evaluates systems and procedures of a service provider. It is based on data security, availability, processing honesty, and level of privacy. It is a broadly recognized standard made by the American Institute of Certified Public Accountants. It confirms that the organizations defend the customer data and adhere to severe operational practices.
Prime Components of SOC 2 Compliance
SOC 2 compliance is focused on the five Trust Services.
Criteria: It is about the security of the protection against unauthorized access. The availability is about to confirm that the systems operate and are accessible as committed.
Processing Integrity: Ensuring data is complete, valid, and accurate.
Confidentiality: Safeguarding sensitive information.
Privacy: Managing personal data according to privacy policies. Organizations can easily design compliance to their specific operational requirements by focusing on the appropriate conditions.
Important Steps to Achieve SOC 2 Certification
Top of all, you should define the scope. It is important to know the systems, processes, and data to be changed.
Perform a Gap Analysis: It is about the examination of the present controls and finding out the areas of the betterment. Execute the controls to boost the practices to meet SOC 2 standards. It is about to engage an auditor. A certified CPA or firm discusses the execution of the controls.
Collect the SOC 2 Report: A comprehensive report outlines the organization’s fulfillment and areas that demand some kinds of improvement.
Top Benefits Associated with SOC 2 Certification
Enhanced Trust: it is about showcasing the commitment to data security and the best level of privacy. There is a competitive benefit and it creates trustworthiness with clients and partners. Risk mitigation is about cutting down the exposure to breaches and operational risks.
Types of SOC 2 Reports
Type I: It is all about assessing the design of controls at a definite point in time.
Type II: Discuss the operational effectiveness of controls over a period, commonly up to 1 year.
Who is in need of SOC 2 certification?
SOC 2 is important for different technology and SaaS companies that store, process, or even handle customer data. It is about the needs of the business association. By contacting SOC 2 auditors in the USA, organizations showcase their ability to handle the data responsibly, secure client faith, and gain a competitive edge in a data-motivated world.
