SOC 2 Type I & II
SOC 2 is a security framework that ensures service providers securely manage customer data. It focuses on five Trust Service Criteria (TSC) and applies to SaaS companies, cloud providers, and any organization handling sensitive customer information.
Scope and Applicability.
SOC 2, developed by the American Institute of Certified Public Accountants (AICPA), applies to technology and cloud-based service providers that process or store customer data. It evaluates security, availability, processing integrity, confidentiality, and privacy to establish trust and transparency in data handling practices.
Key Requirements.
Trust Service Criteria (TSC) - Covers Security, Availability, Processing Integrity, Confidentiality, and Privacy.
SOC 2 Type I - Assesses the design of security controls at a specific point in time.
SOC 2 Type II - Evaluates the effectiveness of controls over a period (typically 3-12 months).
Access Control - Implements role-based access to restrict unauthorized data access.
Incident Response - Requires detection, response, and mitigation of security threats.
Audit Logging & Monitoring - Ensures real-time tracking and review of security events.
Enforcement and Penalties.
SOC 2 compliance is voluntary but required by many enterprises as a prerequisite for partnerships.
CPA firms conduct independent SOC 2 audits, providing a SOC 2 report that businesses use to demonstrate compliance.
Failure to comply can result in lost business opportunities, reputational damage, and security risks.
Main Challenges.
Organizations struggle with implementing continuous monitoring and maintaining audit readiness. Since SOC 2 focuses on long-term control effectiveness, companies must ensure ongoing compliance rather than treating it as a one-time certification.
Blue INK Security specializes in SOC 2 readiness assessments, control implementation, and audit preparation. Our team helps organizations align with AICPA Trust Service Criteria, ensuring a seamless SOC 2 compliance process and reducing audit risks.