Understanding SOC2 Compliance for Your Business Success

What is SOC 2?

Service Organization Control (SOC 2) is an auditing standard maintained by the American Institute of Certified Public Accountants (AICPA) to test an organization’s internal controls for information security and privacy. It’s an objective, third-party system that tells customers that they can trust your Start-up to handle their information with the utmost care.

What does SOC2 encompass?

SOC2 framework Encompass between one and five Trust Service Principles (TSP) depending on the needs of the service organization which include: Security, Availability, Processing Integrity, Confidentiality and Privacy. A SOC 2 report tests against 5 Trust Services Criteria. When you engage an auditor, you decide which of the five you’d like tested, if not all. These decisions are often influenced by what enterprise buyers request.

What is a SOC2 assessment

The SOC2 assessment requires a controls audit to be performed by a CPA firm (also known as service auditor) and provide different level of assurance and details depending on the type (SOC1 & SOC2 & SOC3 to address a broader set of specific user needs)

SOC2 attestation report provides reasonable assurance of the service provider’s system.

Why is SOC2 Compliance important?

In many cases, enterprise customers will ask you to become SOC 2 compliant before working with. Savvy start-ups also use SOC 2 compliance as a competitive differentiator. It’s a powerful brand message that signals to the world that your start-up is more established, credible, and attuned to customer needs.

Who should get SOC2?

Are you a service organization that stores, processes or transfers sensitive data for your clients? If so, SOC2 attestation can provide you with a highly sought after compliance standard that increases customer confidence in your organization.

When should you go for SOC2?

The right time to initiate the process depends on your industry, the sensitivity of your data, and when you want to start pursuing enterprise opportunities. However, it’s much easier to build a compliance culture from Day 1 than it is to start it when you’re 50 people and growing. By putting the policies and procedures in place early, you’re making sure your start-up grows on a strong foundation.

Our Methodology

Scybers SOC2 Readiness Methodology brings security experts, proven best practices and automation for a fast and cost effective SOC2

Why Scybers is the ideal partner for your SOC2 journey?

Scybers significantly reduce time, cost, risk of your SOC2 program by bringing in:

Expertise and Experience:Our team of SOC2 compliance experts has extensive experience leading SaaS SOC2 programs for global clients.

Multi-standard compliance:We take a broader view of compliance needs of our customers. Our expert help define your policies and procedures with the future needs of multiple related frameworks, standards and certifications.

Maintenance:We offer an automated SOC2 compliance platform that significantly reduces the effort required to achieve and maintain continuous SOC2 compliance.

Management:We provide end-to-end program management to ensure a fast and low-risk SOC2 certification process, while enabling your teams to focus on the core business.