SOC 2 Framework Overview
SOC 2 Framework Overview
Discover the comprehensive SOC 2 framework guidelines for assessing and reporting on controls of service organizations, designed to uphold data security and privacy standards.
SOC 2 Compliance Benchmarks & Rules
What is SOC 2? A Detailed Guide
SOC 2 (Service Organization Control 2) is a framework developed by the American Institute of Certified Public Accountants (AICPA) to guide service organizations in assessing and reporting on their controls. It focuses on data security, availability, processing integrity, confidentiality, and privacy.
Importance of SOC 2 Compliance
- Security: Ensure protection against unauthorized access and maintain data integrity.
- Availability: Establish uptime targets and disaster recovery plans.
- Processing Integrity: Maintain accuracy and timeliness of data processing.
- Confidentiality: Protect sensitive data from unauthorized disclosure.
- Privacy: Implement policies to protect personal information and comply with privacy regulations.
Achieving SOC 2 Compliance
- Evaluation of controls based on Trust Services Criteria.
- Independent auditing firm assesses design and operating effectiveness.
- Issuance of a SOC 2 report providing assurance on control effectiveness.
Types of SOC 2 Reports
- Type I: Describes controls and assesses design effectiveness at a specific point in time.
- Type II: Evaluates design and operating effectiveness of controls over a specified period.
Benefits of SOC 2 Compliance
- Demonstrates commitment to data security and privacy.
- Builds trust and credibility with customers.
- Streamlines sales processes and reduces customer audit burden.
- Essential for meeting industry standards and competing effectively.