This is what a SOC 2 statement entails
SOC 2 is a global statement used to ensure the protection and control of customer data in outsourced IT operations. Consider companies that process and store customer data in the cloud or third-party service providers that manage IT infrastructure for customers.
Why SOC 2
- You have control and protection of customer data in outsourced IT operations
- Your customers will increasingly ask for it
- External parties or clients may/demand that your outsourced processes be audited when you cannot demonstrate this with a certificate
- You stand out from your competitors
- You show that your organization complies with legal obligations, such as the AVG.
What to expect from the implementation process
The content of SOC 2 is determined by the Trust Services Criteria, a mandatory set of management objectives. It includes, among other things:
- Risk analysis and determination of maturity level of your organization
- Planning measures and processes within the scope
- Technical and organizational preparations
- External audit by IT auditor (RE).
Implementing the SOC Type 2 statement can be challenging. Fortunately, our experts can help you do just that. Because of our experience in information security and implementing management systems, we can guide your organization efficiently. Moreover, we are partners with all Certifying Bodies (CIs) in the Netherlands. This ensures direct and fast communication. This allows us to support you even better before, during and after the process.
Frequently Asked Questions
The cost of conducting a SOC 2 implementation depends on several factors, including the scope of the report, the number of processes to be audited and the support required. Want to know exactly what it will cost? We will prepare a no-obligation quote. Feel free to contact us and we will be happy to help you.
Whereas SOC 2 focuses on information security and privacy, ISAE 3402 focuses primarily on outsourced outsourced processes that impact the financial statements. Moreover, with SOC 2 reports, the management objectives are set in advance, whereas with an ISAE 3402 report, the organization gets to set the framework itself.
When it comes to information security, ISO 27001 is the most widely used standard. With increasing digitalization, a SOC 2 statement is also increasingly being requested. Fortunately, much of ISO 27001 is covered by SOC 2. Therefore, it can be convenient to combine both implementation processes to save time and safeguard your organization's internal and external processes.
SOC 1 focuses on financial reporting and SOC 2 focuses on security, availability and confidentiality of information. Both reports are important to different audiences and have different goals and criteria. SOC 1 is the U.S. version of ISAE 3402.
SOC 3 reports are intended for the general public, unlike SOC 1 and SOC 2, which are aimed at specific audiences. SOC 3 reports are shorter and less detailed than SOC 2 reports, and they do not include specific details about the audited organization. SOC 3 reports can often be found on an organization's Web site as a way to demonstrate security measures and public confidence.
An IT auditor (RE) specializes in conducting IT audits and assessing organizations' information security measures. The abbreviation "RE" stands for Registered EDP auditor. This refers to the former designation of this position. It is a protected title that may only be used by individuals who meet the specified requirements.
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Why Fendix?
Getting started with SOC 2
Want to get started with SOC 2? We have several services for you. Such as a quick scan for insight into what you need to do before your implementation or a guided or de-risking implementation process.
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What to expect.
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