Compliance frameworks like SOC (System and Organization Controls) can help your business to implement best practices that demonstrate your commitment to data privacy and to operating in an ethical and compliant manner. There are three common types of SOC compliance with different focuses/controls. Each of the three types outlines the various processes and systems in place to protect data. All three are intended to increase customer confidence and trust and can differentiate your business from your competitors.
Type 1’s focus is limited to financial reporting and audits. Type 2 is the most common and focuses on non-financial operational risk. Because of its flexibility, Type 2 is a great place to get started. For this framework the Security component is required but the report could also include evaluations of an organization’s Confidentiality, Processing Integrity, Availability and Privacy controls. Type 3 is similar to Type 2 but is less comprehensive. Certain details are excluded from the report which can make it suitable for marketing purposes.
CyberData Pros has prepared hundreds of clients to sit for their SOC Report. We can perform all of the necessary services to help you prepare and achieve your SOC Report.