In a nutshell, SOC2 (commonly pronounced “sock 2”) stands for the second of three System and Organization Controls (SOC) audits and reports that are integral to information security. What Is SOC 2? A Look at What SOC2 Compliance Entails…įeeling a little lost? You’re not alone (hence why we wrote this article). So, when we talk about SOC2 compliance, what exactly does that mean? And why is having an SOC 2 report so important to your customers? And who actually performs these examinations and creates the reports that organizations worldwide trust? This helps their customers understand that those vendors are doing what they should be doing to keep said data secure in the cloud. While it’s not saying that they’re 100% secure as organizations as a whole, it shows that they’re ahead of their competitors who lack these reports. As you can imagine, that expands the list a lot.īasically, SOC 2 audits and reports help service providers show that the privacy, confidentiality and integrity of the data they handle - meaning their customers’ or their customers’ users’ data - is a priority. This rings especially true for those that are third-party service providers such as cloud storage, web hosting, and software-as-a-service (SaaS) companies… Or, really, any organization that stores its customer data in the cloud. This is where SOC 2 compliance audits and reports really come in handy.īut what is SOC 2 compliance? SOC2 compliance is an essential component of information security for many businesses and organizations. While we can all appreciate the humor of this comic, it’s scary how many organizations have this type of mindset when it comes to the security, privacy, and confidentiality of their cloud-stored data.
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