Reliable, secure, and trustworthy. These are terms businesses seek to meet and uphold for their customers. How can you maintain the security of your clients’ data if your firm or a third party you partner with is in charge of managing and keeping consumer data? SOC 2 Compliance is a methodology that applies to any technology service or SaaS organization that stores customer data in the cloud to guarantee that organizational controls and policies successfully preserve customer and client data privacy and security.
What is SOC 2 Compliance?
The American Institute of CPAs’ Service Organization Control reporting platform includes SOC 2 compliance. Its goal is to keep your clients’ data safe and private. As a foundation for data protection, it defines five trust service principles: security, availability, processing integrity, confidentiality, and customer data privacy.
SOC 2 is not a set of controls, tools, or processes to follow. Instead, it lists the requirements necessary to maintain strong information security, letting each firm implement the practices and strategies relevant to their particular goals and operations.
The five trust services criteria are detaile below:
- The protection of information and systems against illegal access is referred to as security. This might be accomplishe by utilizing IT security infrastructures such as firewalls, two-factor authentication, and other methods to protect your data from illegal access.
- Availability refers to whether or not the infrastructure, software, or information is kept up to date and has rules in place for operation, monitoring, and maintenance. This criterion also examines if your organization maintains minimally acceptable network performance levels and assesses and mitigates any external threats.
- Processing integrity guarantees that systems fulfill their operations correctly and without mistake, delay, omission, or unauthorized or accidental tampering. This indicates that all data processing processes are permitted, complete, and correct.
- Confidentiality refers to a company’s capacity to secure data that should only be accessible to a limited number of people or organizations. Client data intended solely for corporate people .The secret company information such as business plans or intellectual property, and any other information mandate to be safeguarded by law. Res, contracts, or agreements are examples of this.
- The capacity of an organization to protect personally identifiable information from unwante access is reflected in its privacy criteria. This information often takes the form of a person’s name, social security number, address, and additional identifiers such as race.
Who Does SOC 2 Apply To?
SOC 2 applies to any technical service provider or SaaS provider that processes or maintains client data. Third-party suppliers, other partners, or support organizations with which those companies interact should also be SOC 2 compliant to protect the integrity of their data systems and safeguards.
What are the Benefits of SOC 2 Compliance?
A technological audit performed by a third party determines SOC 2 compliance. It requires enterprises to develop and implement specific information security policies and procedures under their objectives. SOC 2 compliance can span six to twelve months, ensuring that a company’s information security safeguards follow the changing requirements of cloud data protection.
Being SOC 2 compliant ensures your customers and clients have the infrastructure. Tools, and policies to secure their data from illegal access inside and outside the organization.
In practice, SOC 2 compliance entails the following:
- Your company understands typical operations and routinely monitors malicious or unidentified behavior. Documents system configuration changes, and monitors user access levels.
- You have instruments in place to detect risks and notify the appropriate parties, allowing them to analyze the situation and take the required steps to secure data and systems from unauthorized access or usage.
- You will have access to pertinent information about any security events, allowing. They you to assess the severity of the problem. Repair systems or processes as needed, and restore data and process integrity.