4 Things You Need to Know About SOC 2 Compliance

Compliance with SOC 2 requirements demonstrates that the organisation maintains a high level of information security. Stringent compliance requirements (verified by on-site audits) help to ensure the responsible handling of sensitive information. Compliance with SOC 2 requirements can be ensured.

Improved information security

SOC2 guidelines help organisations protect themselves against cyber-attacks and prevent vulnerabilities.

Competitive advantage

This is because customers prefer to deal with service providers who can demonstrate that they have robust information security practices, especially in IT and cloud services.

The following is a basic checklist for SOC 2 compliance, including controls covering security standards. Access controls.

Logical and physical restrictions on assets to prevent access by unauthorised individuals.

  • Change management.

Controlled change management processes for information systems and methods to prevent unauthorised changes.

  • System operations.

Controls to monitor current operations and identify and address deviations from organisational procedures.

  • Risk mitigation.

Methods and activities by which an organisation identifies, responds to and mitigates risks while addressing resulting operational issues. SOC2 certification SOC 2 certification is certification by an external auditor.

It assesses the extent to which a supplier meets one or more of the five trust principles, based on existing systems and processes. These trust principles are categorised as follows.

1. Assurance.

The security principle is to protect system resources from unauthorised access.

2.Availability. Availability principles refer to the availability of systems, products and services as defined in contracts and service level agreements (SLAs).

3. Process integrity

The principle of processing integrity is whether the system achieves its objective (the right data at the right time at the right cost).

4. Data protection.

Data is considered confidential if access and disclosure is restricted to a specific group of people or organisations.

5. Integrity.

The principle of confidentiality applies to the collection, use, storage, disclosure and processing of personal data in the system in accordance with the organisation’s privacy policy.

Type 1 or Type 2?

As with SOC 1, there are two types of SOC 2. Type 1 reports cover the description of the system and the adequacy of the design of the controls (called criteria in SOC terminology), while Type 2 reports cover all the elements described in Type 1 reports. and assesses the effectiveness of controls over a period of time.

Type 2 SOC 2 reports are considered more useful because the auditor verifies that the controls are functioning properly over a period of time.

Why not SOC 3?

SOC3 reports are intended to provide information to the public. This report is not as detailed as the SOC 2 report and should be freely posted on the website for the public to see. The SOC 3 report cont