What is SOC 2?
The average cost of a data breach has risen by 15.3%, reaching $4.45 million.
SOC 2 (System and Organization Controls 2) is an AICPA compliance methodology that assesses how firms handle customer data based on five trust service criteria: security, availability, processing integrity, confidentiality, and privacy. SOC 2 is intended for cloud-based and technology organizations, and it uses third-party audits to demonstrate a commitment to data security and operational excellence. Accorian specializes in SOC 2 compliance, with skilled auditors conducting thorough assessments, identifying gaps, and installing essential controls. Our Type 1 and Type 2 SOC 2 reports assure strong security measures, increasing market value and giving clients a competitive advantage by ensuring suitable controls is in place to secure data and systems.
Why Should You Get a SOC 2 Report?
Table
Stakes
As security takes center stage for organizations, Managed Service Providers (MSPs) recognize the strategic advantage gained by certifying their commitment to security through SOC 2.
Accelerated
Market Growth
Leveraging SOC 2 attestation exhibits your business’s commitment to robust security practices, unlocking lucrative opportunities and enabling MSPs to strategically market security-focused solutions to existing clients for long-term growth.
Meeting
Client Demands
Clients are increasingly demanding their service & platform providers to provide a level of security assurance or certification, such as SOC 2, to substantiate their security and privacy claims.
Continuous
Improvement
SOC 2 establishes baseline controls, secures your environment, and enables annual control efficacy testing.
Bolstering Trust
& Enhancing Security
Optimizes efficiency by expediting vendor security survey and prospect questionnaire completion while providing comprehensive risk management insights to organizational management.
Types of SOC 2 Reports
1
Type I Report
Suitable for companies that are in the process of implementing their security framework and controls for the first time. The Type 1 report represents a point-in-time assessment and does not evaluate control maturity.
2
Type II Report
Suitable for companies with established security controls over a period of typically 6 months. The auditor assesses control maturity, evaluates the effectiveness, and consistency of controls, demonstrating an ongoing commitment to security and compliance.
Who Should Get SOC 2?
SOC 2 reports are often required for service firms across industries that store, process, or transfer sensitive data for their clients. We serve a diverse portfolio of industries, including:
Technology and Cloud Computing Entities
Data
Centers
Virtual Currency
Service Providers
SaaS
Providers
Managed IT
Service Providers
Web-Hosting
Service Providers
Processors of Payrolls
and Medical Claims