What Is the Significance of SOC Compliance Consultancy?

 

SOC Compliance Consultancy

Many businesses outsource their IT infrastructure to service providers like data centres and cloud hosting companies. What do these service providers do to demonstrate to clients and stakeholders that their servers and sensitive data are sufficiently protected? SOC 2 reports are issued to service businesses to demonstrate that they have implemented controls to reduce security, availability, confidentiality, processing integrity, and privacy threats.

The Trust Services Criteria (TSC):

The SOC 2 TSCs that address the security, availability, confidentiality, processing integrity, or privacy concerns associated with the usage of the service organization's services are chosen by the service organisation. SOC compliance consultancy can be opted for SOC 2 reports which must incorporate the Security or Common Criteria at a minimum. The remaining TSCs can be added as needed by user organisations.

Some TSCs may not apply to a specific client's service. Processing integrity, for example, is unlikely to apply if your organisation does not execute transactions. When TSCs are not applicable in a report, some SOC compliance consultancyfirms include them and then explain why they are not applicable in the report. That is not a good idea. Your best bet is to pick criteria that apply to your services and respond to the most common risk-related queries you get from clients and prospects.

Essentials of Trust Services Criteria:

Security - Unauthorized access to the system is prevented (both physical and logical). Password parameters, firewalls, network device setups, and physical security controls that safeguard critical infrastructure are also included. SOC compliance consultancy firms work on the protection of the service organisation’s data.

Availability - As promised or agreed, the system is available for operation and use. A corporation must have a documented business continuity and disaster recovery plan and procedures to meet the availability standards.

Confidentiality - Information labelled as confidential is safeguarded by policy or agreement. The terms confidentiality and privacy are frequently interchanged. Firms providing SOC compliance consultancy take cognizance of it.

A SOC 2 report stands for System and Organization Control 2. A SOC 1 report may be the optimum report option if a service business may influence the ICFR of its user organisations. If a service organisation can't affect its users' ICFR but can affect their security, availability, processing integrity, confidentiality, or privacy, then a SOC 2 report may be the best option.