SOC 2 (System and Organization Controls 2) is a framework for managing and securing data based on five key principles: security, availability, processing integrity, confidentiality, and privacy. It is designed for technology and cloud computing organizations that handle customer data.
The 5 Trust Service Criteria of SOC 2
- Security: Protecting systems and data from unauthorized access.
- Availability: Ensuring systems and data are available for operation and use.
- Processing Integrity: Ensuring systems function correctly and provide reliable services.
- Confidentiality: Protecting sensitive data from unauthorized access.
- Privacy: Ensuring personal information is handled in accordance with privacy laws.
Why SOC 2 Matters
SOC 2 is crucial for organizations that store or process sensitive data. Achieving SOC 2 compliance demonstrates that a company follows best practices for managing and protecting data, which helps build trust with customers.
Note: SOC 2 audits are typically conducted annually by independent third-party auditors.