Let’s face it, our world is filled with regularly occurring data breaches and cybersecurity events. Organizations need assurances that the companies they work with are doing everything they can to avoid exposing sensitive information and creating risk.
This is exactly what SOC 2 does.
Why is SOC 2 Certification Important?
SOC 2 Certification is vital because it holds businesses to a standard that protects customer data and privacy. It allows the consumer to have peace of mind knowing that a company is vetted, approved, and certified with one report. Going through a SOC 2 assessment requires the involvement of third-party auditors to prove that your organization meets the compliance requirements.
Achieving SOC 2 compliance offers many benefits, and confirms security protocols to protect sensitive information while following industry best practices.
Benefits of SOC 2 Certification
With so much at stake, many businesses are only looking to partner with vendors that have implemented appropriate measures for preventing data breaches. Achieving SOC 2 certification proves the organization you’re partnering with has established practices with required levels of security across their organization to protect data.
Here are some benefits:
Improve your security posture and show your commitment to security and privacy.
Provides assurance to your customers and partners that your systems are secure with one report.
Satisfies requirements for regulatory compliance and corporate governance.
Builds good credibility and boosts brand reputation in the market.
Protects sensitive information stored in the cloud.
Accelerate the customer onboarding and due diligence process again with one report, eliminating vendor security questionnaires.
What is SOC 2?
SOC stands for System and Organizational Controls, developed by the American Institute of CPAs (AICPA), for the purpose of providing annual verification of the controls that a company has implemented to mitigate security and privacy risk.
Through a cybersecurity auditing process, organizations show the policies, procedures, and systems in place to prove they take cybersecurity and privacy seriously.
SOC 2 Trust Services Criteria
In a SOC 2 audit, an organization must provide information under the five categories called Trust Service Criteria which include:
The Trust Service Criteria includes security on organizational controls, access controls, basic risk assessment, as well as the ability to demonstrate change management.
The security criteria are all about protecting systems and information from unauthorized access and are required for all SOC 2 audits.
For data, it applies to collection or creation, ongoing usage and management, sharing, and storage. For the systems, this includes any systems that use electronic data. IT security tools such as endpoint protection, multi-factor authentication, and network monitoring are useful in preventing security breaches that can lead to unauthorized access of systems and data.
The availability criteria determines whether your employees and clients can rely on your systems to do their work.
Availability addresses whether systems have controls to support and maintain system operation, such as data backups, business continuity planning, and disaster recovery. Systems, products, or services are accessible for operation as specified by a contract or service level agreement (SLA).
The Processing Integrity Criteria determine whether a system works properly. Does it perform its intended functions without delay, error, omission, or accidental manipulation?
Examples include software development lifecycle management and quality assurance.
The confidentiality criteria evaluates how organizations protect confidential information by limiting its access, storage, and use.
Confidential information may include personal information, as well as other information, such as trade secrets and intellectual property. This includes protecting confidential information throughout its lifecycle from collection and processing to disposal. Controls for confidentiality include encryption and identity and access management.
The privacy criteria evaluates how organizations protect sensitive personal information, especially that which you capture from customers.
It’s similar to the confidentiality criteria but specific to Personally Identifiable Information, (PII).
Controls for privacy include privacy policies and consent management.
SOC 2 certification proves your organization has airtight internal security controls. It also builds trust with your customers. Your clients need to know that you’ll keep their data safe.
Teknologize is a SOC 2 certified, Professional Technology Services company with clients throughout the Pacific Northwest. We have offices located in:
- Tri-Cities, Washington 509.396.6640
- Yakima, Washington 509.396.6640
- Bend, Oregon 541.848.6072
Questions about your IT or Cybersecurity? Give us a call today!