SOC 2 (System and Organization Controls)
A compliance framework developed by the AICPA that defines criteria for managing customer data based on five Trust Services Criteria: security, availability, processing integrity, confidentiality, and privacy. SOC 2 reports are essential for SaaS companies and service providers.
SOC 2 (System and Organization Controls 2) is an auditing framework created by the American Institute of Certified Public Accountants (AICPA). It evaluates how well a service organization manages data to protect the interests and privacy of its clients. Unlike SOC 1, which focuses on financial reporting controls, SOC 2 focuses on operational controls.
There are two types of SOC 2 reports: Type I evaluates the design of controls at a specific point in time, while Type II evaluates the operating effectiveness of controls over a period (typically 6-12 months). Type II reports are considered more valuable as they demonstrate sustained compliance.
For European companies, SOC 2 compliance has become increasingly important as it demonstrates to international clients — particularly those in the US — that proper data security controls are in place. Many companies pursue SOC 2 alongside ISO 27001 to satisfy both European and American market requirements.
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View framework pageRelated Terms
ISO 27001
The international standard for information security management systems (ISMS). ISO 27001 provides a systematic approach to managing sensitive company information, ensuring it remains secure through a framework of policies, processes, and technical controls.
Audit Readiness
The state of being prepared for a compliance audit at any time, with all necessary documentation, evidence, and controls in place. Continuous audit readiness replaces the traditional 'audit scramble' approach with always-on compliance monitoring and evidence collection.
Continuous Monitoring
An ongoing process of observing, evaluating, and maintaining awareness of information security controls, vulnerabilities, and threats. Continuous monitoring ensures that compliance status is maintained between formal audits and enables rapid detection of control failures.
Access Control
The selective restriction of access to resources, systems, and data based on user identity and authorization. Access control is a fundamental security control required by ISO 27001, SOC 2, DORA, and GDPR to ensure that only authorized personnel can access sensitive information.
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