Despite thousands of articles, there's shockingly little actionable advice to help startups complete SOC 2. When you don't have dedicated compliance teams or six figure budgets, we set out to answer: When to pull the trigger on SOC 2. Who needs to be involved in prep work & what tasks can/can not be delegated. How to narrow the scope and save as much time as possible. What are achievable best practices for each policy. How to gather evidence for auditors. One area that usually requires some remediation is access controls. Most teams don't have answers when auditors ask "who has access to a specific database or server and what queries did they execute?" That's why we started strongDM- to manage and monitor access to every database, server, & environment. Click here to see for yourself.
Confusing SOC 1 and SOC 2 is easy. While both compliance frameworks attest to the controls used within your organization, the frameworks differ in focus. SOC 1 looks at your organization’s financial reporting, while SOC 2 focuses on how you secure and protect customer data. This blog post will focus on exploring the differences between SOC 1 and SOC 2.
A SOC 2 report (Service Organization Control report 2) focuses on the controls a company uses to protect customer data, as well as the operational effectiveness of those controls. A SOC 2 report should not be confused with a SOC 1 report, which focuses on a company’s financial reporting, nor should it be confused with a SOC 3 report, which has similar output to a SOC 2 report but in more natural language. This blog post will focus on the SOC 2 report and an overview of its seven main components. The SOC 2 report itself is based in five Trust Service Principles as defined by the AICPA (American Institute of CPAs): Security - provides customer assurance that their data is secured against unauthorized access Availability - assures that the systems needed to store and process data will be available for use Processing integrity - requires the processing of data
You scheduled your on-site SOC 2 testing. While the initial step is complete, there is still a lot of process and time before you’re past the finish line. This post will help plan and manage time expectations and establish a timeline of deliverables - working backward from your SOC audit start date. The Purpose of SOC 2 Audits SOC is a system of service organization controls. SOC stands for “system and organization controls,” and controls are a series of standards designed to help measure how well a given service organization regulates its information, user entities, and sensitive data - particularly customer data. The purpose of SOC standards is to create a level of confidence and trust for organizations when they engage third-party vendors. A SOC-certified organization (hey, that will be you soon!) has been audited by an independent certified public accountant who worked with your organization on a readiness assessment
There are several different levels of SOC (Service Organization Control) reports and types, so it is easy to get them confused. A SOC 2 Type 1 report looks at an organization’s controls at a point in time concerning its clients’ financial reporting. The SOC 2 Type 2 report measures those same controls over a more extended period. SOC 2 Type 1 builds on the reporting basis of SOC 1 but focuses on security controls rather than financial controls. The SOC 2 type 2 examines the effectiveness of those controls over a six-month period. There is also a SOC 3 report, which is essentially the same data found in a SOC 2 but written for public consumption. This blog will focus on outlining the path to SOC 2 Type 2. What Is A SOC 2 Report Although SOC 1 and SOC 2 differ in many ways, they were both created by