WHY SHOULD I DO SOC2?

Interesting question and rightly so… it’s expensive and painful to achieve with more than 400 control requirements which encompass the length and breadth of your company’s operations.

Achieving a SOC2 certification for your organization gives your company an edge over your competitors by assuring your clients, customers or prospects that your organization is taking all the necessary steps to ensure the data is safe and thereby protecting if from data breaches. Most importantly, it gives the assurance to your clients that you are delivering services as per commitments made either through SLAs or branding or through your marketing efforts. A SOC 2 report details the controls of the systems that your company uses to process data and also describes the security and privacy of that data. SOC 2 compliance can help businesses such as software-as-a-service, banking, or healthcare companies strengthen their reputations, financial statements, and stability by documenting, evaluating, and improving their internal controls.