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SOC 2 Compliance

COMPLIANCE

SOC 2, introduced by the American Institute of CPAs (AICPA) in 2013, serves as a framework for ensuring that service providers effectively manage data to safeguard both a company's interests and its clients' privacy. SOC 2 revolves around five key principles aimed at securing consumer data: security, confidentiality, availability, integrity, and privacy.

This compliance standard applies not only to technology-based Software as a Service (SaaS) companies but also to third-party vendors and other partners who must adhere to these standards to ensure the integrity of data.

METHODOLOGY

 

SOC 2 serves as a framework to ensure that all cloud-based technology and Software as a Service (SaaS) firms establish controls and policies to uphold client data privacy and security. External auditors provide SOC 2 attestation. Implementing SOC 2 helps identify underlying abnormalities in procedures and security controls, instilling consumer confidence in the organization’s practices.

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