SOC 2 (Service Organization Control 2) an information security standard that defines requirements for how businesses must handle sensitive customer data. SOC 2 Audit is granted by the American Institute of Certified Public Accountants (AICPA), and it demonstrates that a company has implemented robust security controls to protect customer data.
SOC 2 compliance is becoming increasingly important as more businesses move sensitive data to the cloud.
In order to earn SOC 2 certification, businesses must undergo a comprehensive audit of their security controls. The SOC 2 standard is divided into five categories: security, availability, processing integrity, confidentiality, and privacy. To get SOC 2 Audit, businesses must implement controls in all five of these categories.
SOC 2 compliance provides customers with peace of mind that their data will be safe and secure when it is stored in the cloud.
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What are the types of SOC 2 reports?
The difference between a Type 1 and 2 report is quite simple. Type 1 tests the design of your company’s SOC 2 by looking at what you have said about its controls right now, while Type 2 collect evidence that shows how effective they are over time period 6-12 months long
What is SOC 2 for
Fulfilment of tendering and Pre-qualification requirement
Enhancement of corporate image and safe workplace
Especially for SaaS provider which handle a huge of confidential information in the Cloud.
You may take below steps :
1) Conduct Gap Analysis.
2) Establishment of SOC 2 Documentation.
3) Attend SOC 2 Training.
4) Implementation of SOC 2 requirement.
5) Arrange a SOC 2 Type 1 Audit.
6) Arrange a SOC 2 Type 2 Audit.
There are 3 major Fees. 1) SOC 2 Audit Fee charged by AICPA registered CPA Firm. 2) Consultant and Automation Platform Fee charged by us. The Fees depend on company size, number of locations, business nature and operation complexity
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Both SOC 2 and SOC 3 reports follow the SSAE 18 standards set by the AICPA. This means that both reports involve a AICAP registered CPA audit and a lot of testing of an organization’s security controls.