A Little Background About SOC 2 Compliance
SOC 2, commonly known as (Service Organization Control 2) is an auditing framework and a voluntary compliance standard relevant to SaaS and other technology service firms that stock users' data in the cloud.
The framework, forged by the American Institute of CPAs (AICPA), portrays a set of criteria for safely and effectively managing this data. The benchmark is abode globally.
1. What Steps Can Startup Companies Take to Comply
with SOC 2?
As our world has proceeded increasingly online, so has our data. With this, the risk of getting
into the wrong hands has risen.
Is your organization growing, and are your clients asking if you have specific certifications? You
are not alone. Many small businesses or startups with incredible products or services are in the
same situation..
The SOC 2 compliance status of a cloud service provider or Software-as-a-Service (SaaS)
company is important when choosing a SaaS provider. Many startups are unaware that they will
need to be SOC 2 compliant at some point during their growth.
A Little Background About SOC 2 Compliance
SOC 2, commonly known as (Service Organization Control 2) is an auditing framework and a
voluntary compliance standard relevant to SaaS and other technology service firms that stock
users' data in the cloud.
The framework, forged by the American Institute of CPAs (AICPA), portrays a set of criteria for
safely and effectively managing this data. The benchmark is abode globally.
2. An organization that is SOC 2 compliant ensures that its controls and practices safeguard the
security and privacy of customer data. It, therefore, gains the business and the trust of its client
organizations.
Why is SOC 2 Compliance Important for Startups?
The SOC 2 standard requires that certain controls be in place to ensure data security and
availability. As a business grows, companies often need to implement IT resources that can
support large-scale operations.
In the case of startups, this may include cloud computing services or other third-party vendors-
and with these partnerships comes a risk that sensitive information may be exposed or lost due to
human error or technical failure.
SOC 2 compliance requires that your organization always have an internal audit team.
This team will conduct regular audits and review all aspects of how you protect customer data.
The results from these regular audits will be submitted annually as part of a SOC 2 report.
Services like Rogue Logics can help businesses to find the areas that need to be modified to keep
up with the TSC by using a SOC 2 compliance audit.
SOC 2 Compliance Criteria
A SOC 2 report ordeals against five Trust Services Criteria: Security, Availability,
Confidentiality, Privacy, and Processing integrity. When you engage an auditor, you decide
3. which of the five you'd like tested, if not all. What enterprise buyer's request often influences
these decisions.
Security
It's a must-have scope for every SOC 2 audit and is often called common criteria.
Availability
This Trust Service criterion requires you to demonstrate that your systems meet operational
uptime and performance standards.
Confidentiality
It requires you to demonstrate your ability to safeguard confidential information throughout its
lifecycle.
Privacy
It evaluates whether your cloud data is processed precisely, reliably, on time and if your systems
achieve their purpose.
Processing Integrity
This TSC lays guidelines on protecting Personally Identifiable Information (PII) from breaches
and unauthorized access.
Final Thoughts
Vendors and other companies can document the security procedures they use to protect
consumer data in the cloud thanks to SOC 2 compliance. While SOC 2 preparedness for startups
is not easy, steps can be taken to lighten the load and still obtain that coveted clean SOC 2 report.