How long does it take to get a soc2?

Month 8 through finish date: SOC 2 Type 2 auditing begins It’s advised that if this is the case, you should plan for a full 12-month audit period on your annual compliance renewal. However long your project takes to reach SOC 2 compliance, it will be well worth it.

How do I become SOC 2 compliant?

A 5 Step Guide to Getting SOC 2 Certified

1. Step 1: Bring in Credible Outside Auditors.
2. Step 2: Select Security Criteria for Auditing.
3. Step 3: Building a Roadmap to SOC 2 Compliance.
4. Step 4: The Formal Audit.
5. Step 5: The Road Ahead — Certification and Re-Certification.

How long does it take to do a security audit?

Usually, it takes 2-3 days for data collection and a week to prepare a report and your unique Information Security Program plan. An IT security audit from start to finish usually takes around 2 weeks, excluding any prior logistics preparations and clarification meetings after you get your results.

How long does soc2 certification last?

12 months
Because SOC 2 certification is only valid for 12 months, compliance and attestation really becomes an ongoing process for service organizations that are committed to upholding the Trust Services Criteria.

How much does a SOC 3 audit cost?

The bottom line is, SOC audit costs vary, but audits typically range from $15,000 – $100,000 in cost. You may read or hear that the cost of a SOC 2 audit is a certain number. In fact, some firms may even give you a quote without ever talking to you or know anything about your company.

Is SOC 2 a legal requirement?

System and Organization Controls for Service Organizations 2 (SOC 2) compliance isn’t mandatory. No industry requires a SOC 2 report. Not only do many companies expect SOC 2 compliance from their service providers, but having a SOC 2 report attesting to compliance confers added benefits, as well.

Is SOC 2 legally required?

As we mentioned earlier, SOC 2 isn’t legally required, and getting certified isn’t technically mandatory. Healthcare, retail, financial services, SaaS, and cloud storage and computing companies are just some of the businesses that will benefit from SOC 2 compliance certification.

Who gets soc2 certification?

outside auditors
SOC 2 certification is issued by outside auditors. They assess the extent to which a vendor complies with one or more of the five trust principles based on the systems and processes in place. The security principle refers to protection of system resources against unauthorized access.

How much does a SOC 2 assessment cost?

SOC 2 costs from $20,000 to more than $80,000. The complexity of the infrastructure plays a crucial role in determining the final cost. SOC 2 Type 2 certifications are a natural progression from the Type 1 report. This type of audit can take a while – anywhere between six months to a year.

Is a security audit really needed?

Network security audits are important because they help you identify your biggest security risks so you can make changes that will protect your company from those risks. Odds are, as your company continues to grow, you’re going to keep adding new hardware to your offices or even whole new office locations.