What are SOC 2 requirements?

Developed by the American Institute of CPAs (AICPA), SOC 2 defines criteria for managing customer data based on five “trust service principles”—security, availability, processing integrity, confidentiality and privacy.

What is SOC II compliance?

SOC 2 is a voluntary compliance standard for service organizations, developed by the American Institute of CPAs (AICPA), which specifies how organizations should manage customer data. The standard is based on the following Trust Services Criteria: security, availability, processing integrity, confidentiality, privacy.

Who has SOC 2 compliance?

SOC 2 requirements are mandatory for all engaged, technology-based service organizations that store client information in the cloud. Such businesses include those that provide SaaS and other cloud services while also using the cloud to store each respective, engaged client’s information.

Where does SOC 2 apply?

SOC 2 applies to any technology service provider or SaaS company that handles or stores customer data. Third-party vendors, other partners, or support organizations that those firms work with should also maintain SOC 2 compliance to ensure the integrity of their data systems and safeguards.

What is SOC 2 Type 2 certification?

The Service Organization Control (SOC) 2 Type II examination demonstrates that an independent accounting and auditing firm has reviewed and examined an organization’s control objectives and activities, and tested those controls to ensure that they are operating effectively.

What is SOC 2 compliance and why is it important?

The Blissfully SOC 2 Compliance Playbook. SOC 2 compliance is an increasingly common framework and applies to many businesses today. Specifically, SOC 2 applies to any service provider that stores customer data in the cloud. It is quite relevant to SaaS businesses, but also to many others who store their customers’ data in this way.

Is SOC 2 compliance necessary for SaaS providers?

When companies choose a SaaS provider, being able to prove good security practices with something like SOC 2 compliance is either helpful or a requirement. For your customers, having SOC 2 provides a sense of confidence that you have sound controls and procedures to achieve reliable and constant services.

What security aspects does SOC 2 address?

Many of the security aspects SOC 2 addresses involves external interactions that could affect internal or customer data security. The AICPA developed SOC 2 as a way to encourage the implementation and oversight of proper security procedures.

What is AICPA SOC 2 compliance and why is it important?

SOC 2 compliance is a report introduced by the AICPA, a service organization that controls security concerns such as availability, processing integrity, confidentiality, and privacy of customer data. Moreover, it’s an auditing procedure that can guide your company to better manage customer data.