SOC2 (Service Organization Control 2) has become the de facto audit requirement for the cloud in the commercial space. Whether your company has a SaaS product or you are evaluating a cloud service offering, you need to understand what SOC2 is and how to evaluate a SOC2 report. SOC2 is a type of audit report that provides information on how an organization manages and protects the security, availability, processing integrity, confidentiality, and privacy of customer data. The audit is performed by an independent third-party auditor and is based on the American Institute of Certified Public Accountants (AICPA) Trust Services Criteria.
The SOC2 report is intended to provide assurance to customers and other stakeholders that the organization has implemented adequate controls to safeguard their data and ensure the integrity and availability of the services provided. The report includes a description of the service organization’s systems and the controls in place to address the Trust Services Criteria. The auditor evaluates the effectiveness of these controls and provides an opinion on their suitability and effectiveness.
SOC2 reports are commonly used by organizations that provide cloud-based services, such as Software as a Service (SaaS), Platform as a Service (PaaS), or Infrastructure as a Service (IaaS). SOC2 reports can be used to demonstrate compliance with various regulatory frameworks, such as HIPAA, PCI DSS, or GDPR, and can help organizations differentiate themselves from competitors by demonstrating their commitment to security and data protection.
Learn More About TrustedCISO
Read more about what a vCISO is.
To learn more about how TrustedCISO can advise your company on compliance and cybersecurity click here to Contact Us.