Who Needs to Be SOC 2 Compliant?

Question

Answer

SOC 2 applies to a wide range of service organizations. Main purpose of SOC2 is to ensure that the consumer data is kept secure by the organization. By having a SOC2 report you ensure your customers and stakeholders that a particular service that you offer is being provided securely.
In reality there isn’t such thing as SOC certification, you have a SOC reports that outlines findings, many organizations refer to being SOC certified if they have clean record.
It mostly applies to service providers, managed IT services, SaaS companies that provide apps, if you provide BI and analysts, if you provide hosting services, hosted private cloud services, online storage etc.
It is sometimes a requirement to do business with 3rd parties i.e they might require a SOC2 report before they do business with you. If you offer any hosted environment its good to have it to be able to attract more customers and ensure them that what you provide is secure and their data is controlled in secure manner.

Answer

SaaS service organizations

Answer

Any vendors of software use in controlled processes subject to regulatory controls

Who Needs to Be SOC 2 Compliant?

Content you might like

If you had a magic wand - what's the #1 daily business challenge you'd eliminate?

Do you have a good inventory of information assets detailing where your data is going?

Not-for-profit healthcare systems are currently facing the prospect of sinking revenue as ransomware attacks continue to disrupt daily operations. What should healthcare providers focus on in the next 6 months to protect their data from future attacks?

What is the most interesting/helpful/unique tool you're using right now that no one is talking about?

How do you implement cryptography for top secret information exchange foreseeing a post quantum scenario soon and what types of algorithms do you use? What about network security, are VPN keys are more secure?