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Showing posts with the label SOC 2 audit

What is SOC 2? A Complete Guide to the Security and Compliance Framework

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  In an age where data breaches make daily headlines—whether it's Equifax, Facebook, or LinkedIn—ensuring the protection of sensitive customer data has never been more critical. For service organizations, especially in the SaaS and cloud service space, SOC 2® compliance has become a gold standard for demonstrating robust data security practices. But what exactly is SOC 2? Why does it matter? And how does it work? Let’s break it down. What is SOC 2? SOC 2 stands for System and Organization Controls 2 , a security framework developed by the American Institute of Certified Public Accountants (AICPA) in 2010. It sets criteria for how companies should manage customer data based on five core Trust Services Criteria (TSC) : Security Availability Processing Integrity Confidentiality Privacy SOC 2 is both a framework and an attestation audit that evaluates an organization’s internal controls related to these criteria, with the ultimate goal of establishing trust b...

Third-Party Vendor Audit Services: Ensuring Compliance and Security

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  In today’s interconnected business environment, organizations rely heavily on third-party vendors for various services, including IT solutions, cloud storage, manufacturing, and supply chain management. While these partnerships are essential, they also introduce risks related to compliance, security, and operational integrity . To mitigate these risks, organizations conduct third-party vendor audits , which serve as independent assessments of vendor performance, compliance, and security practices. These audits help businesses identify vulnerabilities, ensure regulatory adherence, and build trust with stakeholders. Purpose of Third-Party Vendor Audits The primary objectives of conducting a third-party vendor audit include: Evaluating Vendor Performance and Reliability Assessing service quality, delivery timelines, and contract compliance. Measuring adherence to Service Level Agreements (SLAs). Ensuring Regulatory Compliance Verifying compliance with industry regulations such as:...