Protect Your Organization with Improved Incident Response
A well-planned incident response capability can protect your organization from external and internal threats, no matter where work takes place.
Reliable, safe, trustworthy. These are all words that companies strive to fulfill and uphold for their clients. If your company or a third party you work with is responsible for handling and storing customer data, how do you ensure your clients’ data will be kept safe? SOC 2 is a framework applicable to all technology service or SaaS companies that store customer data in the cloud to ensure that organizational controls and practices effectively safeguard the privacy and security of customer and client data.
SOC 2 compliance is part of the American Institute of CPAs’ Service Organization Control reporting platform. Its intent is to ensure the safety and privacy of your customers’ data. It outlines five trust service principles of security, availability, processing integrity, confidentiality, and privacy of customer data as a framework for safeguarding data.
SOC2 is not a prescriptive list of controls, tools, or processes. Rather, it cites the criteria required to maintain robust information security, allowing each company to adopt the practices and processes relevant to their own objectives and operations.
The five trust services criteria are detailed below:
SOC 2 applies to any technology service provider or SaaS company that handles or stores customer data. Third-party vendors, other partners, or support organizations that those firms work with should also maintain SOC 2 compliance to ensure the integrity of their data systems and safeguards.
SOC 2 compliance is determined by a technical audit from an outside party. It mandates that organizations establish and adhere to specified information security policies and procedures, in line with their objectives. SOC 2 compliance can cover a six to 12-month timeframe, to ensure that a company’s information security measures are in line with the evolving requirements of data protection in the cloud.
Being SOC 2 compliant assures your customers and clients that you have the infrastructure, tools, and processes to protect their information from unauthorized access both from within and outside the firm.
In practice, SOC 2 compliance means,
A GRC platform can help your firm to audit its compliance with the SOC 2 Trust Services Criteria, enabling you to map your business processes, audit your infrastructure and security practices, and identify and correct any gaps or vulnerabilities. If your company handles or stores customer data, the SOC 2 framework will ensure your firm is in compliance with industry standards, giving your customers the confidence that you have the right processes and practices in place to safeguard their data.
A well-planned incident response capability can protect your organization from external and internal threats, no matter where work takes place.
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