SOC 2 attestation can help your company in a number of ways. By completing the SOC 2 process, you can ensure that your company is adhering to best practices for security and privacy, which can help you avoid costly data breaches and other issues. In addition, SOC 2 compliance can give your customers and partners peace of mind knowing that their data is safe with you
The big difference between SOC 2 and SOC 1 is that SOC 2 focuses on security, while SOC 1 focuses on financial reporting. Both are important, but if you’re looking for compliance pertaining to data security, then you want to pursue SOC 2.
SOC 2 report
A SOC 2 report is an evaluation of your company’s internal controls related to security, availability, processing integrity, confidentiality, and privacy of customer data. The report is done by an independent third party and is based on the criteria set forth in the SOC 2 Trust Services Principles and Criteria.
SOC 2 Type 1 vs Type 2
There are two types of SOC 2 reports: Type 1 and Type 2. Type 1 reports focus on your company’s systems and controls at a specific point in time. Type 2 reports, on the other hand, evaluate your company’s systems and controls over a period of time, typically six months to a year.
There are a number of steps you can take to help your company achieve SOC 2 compliance. First, you should develop policies and procedures related to security and privacy. Next, you need to train your staff on these policies and procedures. Finally, you need to create mechanisms to monitor and test your controls on an ongoing.
How much does a SOC audit cost
The cost of a SOC 2 audit can vary depending on the size and scope of your organization, as well as the specific requirements of the SOC 2 report. However, in general, a SOC 2 audit will cost between $5,000 and $15,000.