SOC 2 for Technology Services

SOC 2

If you’re providing a service to customers, then you must be well aware of the numerous certifications advertised as being crucial to the success of your company. Perhaps the most important certification for technology and cloud computing firms is the recognition of holding to SOC 2 Compliance.

What Is SOC 2 Compliance?

SOC 2 Compliance is designed specifically for the growing number of technology and cloud-based entities that are increasingly permeating the world of service organizations.

This compliance also guarantees that certified companies are operating in accordance with the AT 101 “attestation” standard. This essentiality audits the system of any service that might potentially impact the financial reporting of a customer.

There are 5 TSPs (Trust Service Principles) that are included within the certification. They include:

  1. Security
  2. Availability
  3. Processing Integrity
  4. Confidentiality
  5. Privacy

These TSPs have been created to ensure that service firms are meeting a high standard for quality when handling valuable customer information.

Levels of SOC 2 Compliance

Companies that are seeking to operate within the compliance can choose to be audited with a Type 1 or Type 2 report.

Type I reports analyze the policies and procedures of a system within a fixed point in time.

Type II reports span the length of 6 months and thus are deemed to be more comprehensive in authenticating a service provider’s credentials.

Why Look for SOC 2 Compliance?

While the 5 TSPs and multiple levels of SOC 2 Compliance sound nice and assuring on paper, why does any of this really matter when searching for a service provider?

We are living in a tumultuous time regarding cyber security and the digital handling of private transactions. It’s important now more than ever to ensure that the services you trust are being held to a certain standard of regulation.

Trusting a technology or cloud-based company with SOC 2 Compliance can allow both the supplier to feel confident in their operation, and the client to feel comfortable that their information is in safe hands.

V-Rooms utilizes Amazon Web Services to provide comprehensive security monitoring and SOC 2 compliance so that information is available on demand anytime, anywhere.

 

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *