SOC 2 compliance readiness
SOC 2 compliance readiness help your business in managing customer data based on five “trust service principles”—security, availability, processing integrity, confidentiality and privacy. It will also give you a competitive advantage. Additionally, customers prefer to work with service providers that can prove they have solid information security practices. A single data breach can cost millions, in addition to the reputation damage and loss of customer trust.
Trust principles are broken down as follows:
1. Security
The security principle basically refers to protection of system resources against unauthorized access by using strong Access control and IAM solutions
2. Availability
The principle basically refers to the accessibility of the system, products or services as per a by a contract or service level agreement (SLA). It also involves security-related criteria that may affect availability.
3. Processing integrity
The principle basically addresses whether or not a system achieves its purpose more specifically if it delivers the right data at the right time Accordingly, data processing must be complete, valid, accurate, timely and authorized.
4. Confidentiality
The principal basically ensures data access and disclosure is restricted to a authorized persons or organizations.
5. Privacy
The principle basically addresses the system’s collection, use, retention, disclosure and disposal of personal information in conformity with an organization’s privacy notice. As well as with criteria set forth in the AICPA’s generally accepted privacy principles (GAPP).
security control design
We will help your business design the necessary security controls to comply with the five trust principles. Whether it is a Type I (whether the design of the security controls is suitable to meet relevant trust principles) . Or type II report (details the operational effectiveness of those security controls)
Our methodology in the SOC 2 compliance readiness
1- Scope Determination – We will determine what areas of your business should be included in the SOC 2 attestation. Afterwards we will do a gap assessment and a risk assessment.
2- Gap Assessment– Additionally we will assess your existing information security controls to determine the gap between your current state and SOC 2 ready.
3-Risk Assessment– We will determine the organization’s information security risks will be determined and develop a Risk Remediation plan to address them. We will assess areas such as access control, change management, system operations etc.
SOC 2 certification.
outside auditors issue the SOC 2 certification by outside auditors. They assess the extent to which your business complies with one or more of the five trust principles based on the systems and processes in place.
