SOC2 Compliance
SOC 2 compliance is part of the Service Organization Control reporting platform of the American Institute of CPAs (AICPA). It aims to ensure that systems can assure security, availability, processing integrity, confidentiality, and data privacy.
What is SOC2?
SOC 2 requires that companies document and follow comprehensive information security policies and procedures. These policies and procedures should include the following: security, availability, processing integrity, confidentiality, and privacy of data stored in the cloud. Auditors will be able to ask to review these policies and procedures.
What does it mean to meet SOC2 requirements?
Compliance with SOC 2 requires keeping an eye on any unusual, unauthorised, or suspicious activity, often at the level of system configuration and user access.
Both known malicious activity (e.g. phishing schemes, inappropriate access) and unknown malicious activity (e.g. a zero-day threat, a new type of misuse) must be monitored.
By establishing a baseline of normal activity in the cloud environment, aberrations will become clear.
A continuous security monitoring service is the best way to track these anomalies.
Achieving SOC2 Compliance
Benefits of SOC2 Compliance
Brand Reputation: SOC 2 Certification is evidence that an organisation has taken all necessary measures to prevent a data breach. This fosters credibility and enhances its brand reputation.
Marketing Advantage: No matter what a company claims, it can’t prove its security without passing a SOC 2 Audit and obtaining a SOC 2 Certificate. Not only does SOC 2 Certification give you an edge over your uncertified competitors, it is a great selling point. Your organisation can proudly market your adherence to rigorous standards with SOC 2 Audit and Certification.
ISO27001 is easily attainable: Since the requirements for ISO 27001 are very similar to the requirements for SOC 2, being SOC 2 certified will make ISO 27001 easily attainable. Of course, clearing a SOC 2 Audit doesn’t automatically grant ISO 27001 certification, but we can help you get there.
Competitive Edge: Holding a SOC 2 Certification/ Attestation undoubtedly gives your business an edge. Other businesses prefer partnering with vendors who have demonstrated a commitment to preventing data breaches. Many require vendors to complete a SOC 2 Audit to prove their security. When you hold SOC 2 Certification, you hold an advantage over competitors who lack certification.
Be a preferred choice: Many businesses prefer working with SOC 2 Certified vendors. Thus, for organisations seeking business growth, having SOC 2 Certification is crucial.
Regularity Compliance: SOC 2 requirements are already in sync with HIPAA and ISO 27001 certification. Once your organisation is up to speed with SOC 2, achieving compliance with other regulatory standards will be a piece of cake.
Operating Effectiveness: SOC 2 Audits mandate testing operational effectiveness and recording evidence over the course of six months. SOC 2 Audits ensure high standards for information security in operation.
Assured Security: SOC 2 Audit & Attestation/Certification assures customers that the organisation meets established security criteria, is protected against any unauthorised access, and has implemented measures to prevent data breaches.
Improved Services: By undergoing a SOC 2 Audit, you can improve your organisation's security measures and streamline operational efficiency. This will also lead to better customer service.
Our Approach to SOC 2
Advisory and Attestation Services
Unlike other compliance frameworks, which have a predefined set of conditions for all companies, SOC 2 requirements are different for every organization. Depending on their own operating models, each organization must formulate its own security controls to become compliant with the five trust principles