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What is SOC 2 and what are the benefits?

The number of organizations that manage customer data is increasing. This also increases the demand for SOC 2 reports that answer the question of whether information security is well organized at these organizations. IT companies today are expected to be SOC 2 compliant, especially when they store data in the cloud.

Outsourcing trends

Organizations are continuously searching for opportunities to exploit competitive advantage to increase markets and profits. Organizations are increasingly outsourcing non-core business functions. Nonetheless, is management ultimately responsible for risk management and the implementation of an effective control framework.

How do you improve and professionalize a SOC report?

Systems and Controls – SOC reporting is all about controls. An ISAE 3402 | SOC 1 reporting for financial outsourcing, such as asset management, SaaS-providers (financial software), datacenters (storage of financial data). ISAE 3000 | SOC 2 reporting is focused at a broader IT scope, for user organizations with additional requirements on security, availability, processing integrity, confidentiality and privacy.

Agency Theory in outsourcing

Organizations have been dealing with how they can exploit their competitive advantage since the industrial Revolution to increase markets and their profits in these markets. The most important model in the 19th and 20th century was the large integrated organization.

Benefits: Improving Risk Control and Transparancy

Organizations occasionally receive questions on security standards from (prospective) clients; what are the differences between an ISAE 3402 | SOC 1, ISAE 3000 | SOC 2 and an ISO 27001 audit? Which standard is more applicable to our company, ISAE or ISO 27001?

ISAE 3402

The ISAE 3402 standard, is an internationally recognized auditing standard issued by the International Auditing and Assurance Standards Board (IAASB). A service organization's auditor's examination is widely accepted because it represents an in-depth audit of a service organization's control objectives and activities.
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