Cyber security model provides the guiding rules and the best practices that companies must implement to enhance their security deployment. SOC 2 is one such model, which relates to technology companies that save and deal with customer data in the cloud. Therefore, SOC 2 compliance services are of utmost significance.
Introduction
SOC 2 stands for Service Organization Control Type 2. It is a cybersecurity compliance model created by the AICPA. It is American Institute of Certified Public Accountants. The main objective of SOC 2 compliance is to guarantee that 3rd party service providers save and process client related information in a safer manner.
This model lists the criteria to support high standards of data security. It includes five basic elements like security, privacy, availability, confidentiality and processing reliability.
In contrast to other compliance frameworks; they have predefined conditions set for all companies. SOC 2 requirements are different for all companies. Depending on their own operating frameworks, every company must construct its own security controls to obey these 5 trust principles.
Security
The principle of security strengthens data protection and systems against unauthorized access. To finish this, you perhaps require to apply some sort of access control for example utilizing identity management systems and access control lists. Perhaps you have to fortify you’re your firewalls by introducing enforcing multi-factor authentication, recovery systems, introducing intrusion detection and incoming rules.
Confidentiality
Data proves to be confidential is just a particular group of people should utilize it. This may incorporate business plan, credit card information, passwords and usernames and source code. To follow this principle, confidential data must be encoded, both during transit and at rest. Other than this, while offering access to private data, follow the rules of least privilege i.e. offer the least possible rights and permissions that people require to accomplish their jobs.
Availability
Systems must meet accessibility SLAs at all time. This needs creating integrally mistakes talent systems. This doesn’t crumble under high load. It also needs companies to invest in network monitoring system. It will have disaster recovery frameworks in place.
Privacy
The gathering, saving, processing and revelation of any personally identifiable information (PII) must follow to company’s data consumption and privacy policy with the conditions explained by the AICPA, in the generally accepted privacy principles (GAPP). PII is any data that can be utilized to differently identify any person i.e. social security number, credit card information, phone number, age and name. a company must apply rigorous control to safeguard PII from unauthorized access.
Processing Integrity
All systems must always work as per the design, bugs, vulnerabilities, error and avoiding delays. Performance monitoring and quality assurance apps and processes are important to attain adherence to this rule.
The Advantages of an SOC 2 Audit
· SOC 2 audits assist you in enhancing your entire security perspective.
· Since SOC 2 compliance service providers possess all the suitable tools and process to protect sensitive information, customers are confident in trusting them with their information.
· SOC 2 requirements frequently overlap with other models, like HIPPA and ISO 27001. Thus means that you perhaps end up targeting two things at one time.
· You enhance brand repute as a security conscious firm and create a formidable competitive advantage.
· Attaining SOC 2 compliance perhaps assist you to avoid data breaches and financial repute damage that is associated with it.
Conclusion
Because controls mapped to an SOC 2 audit being optional and some trust service criteria being elective, what must be in an SOC 2 compliance checklist is dependent on organizations nature of operations and what the company demands to show in an SOC 2 report. This highlights the significance of SOC 2 service providers.
Frequently Asked Questions (FAQs)
What does SOC 2 stand for?
SOC 2 stands for Service Organization Control Type 2.
What is SOC2?
It is a cybersecurity compliance model created by the AICPA. It is American Institute of Certified Public Accountants.
How to attain SOC2 compliance?
An organization usually needs to be audited by an AICPA-certified public accountant or an audit company that the AICPA commissions in order to achieve SOC 2 compliance. The audit firm then assesses whether the organization satisfies the requirements to meet applicable trust service criteria. To make sure the security measures that will be inspected are in place, the company should review a SOC 2 audit checklist prior to the audit.
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