Keep your customer data secure and your company on track and compliant with SOC2
With the ongoing cybersecurity threat landscape, keeping data secure remains a high priority for small and mid-sized businesses. The American Institute of Certified Public Accountants (AICPA) designed the System and Organization Controls (SOC2) security framework that focusing on how companies handle customer data stored in the cloud.
SOC2 audits are performed by independent CPAs to assess how customer data is managed and stored based on five Trust Services Criteria (TSC):
- Processing integrity
These reports are key to evaluating processes including oversight, regulatory compliance, vendor management, corporate governance and risk management. There are two types of SOC2 reports:
- Type I reports evaluate a company’s controls at a single point in time.
- Type II reports assess how those controls function over a period of time, typically 3-12 months.
How K3 helps your company with SOC2
Companies need to prepare for SOC2 audits. K3’s Virtual Chief Information Security Officer (vCISO) service works with your company on SOC2 readiness assessments, compliance preparation, and annual maintenance.
An SOC2 readiness assessment helps you understand the TSCs that are relevant to your company, such as data classification, storage and retention. The assessment can also identify potential gaps in your controls prior to an audit, which allows you to create and implement a plan for fixing those gaps to keep customer data secure.
Preparing all of the information and controls you need for the independent auditor takes time and planning. K3’s vCISO looks at the TSCs applicable to your company and sets up processes to make sure you are addressing the right issues in preparation for your audit.
To keep your customer data secure and your company on track and compliant, K3 continues to work with you to address any changes that may occur in the applicable TSCs, such as new regulations. As your vCISO, we stay current on the changes to your own operation that may impact upcoming audits.
Why are SOC2 audits important?
These reports provide detailed information and assurance about the controls your company has in place related to customer data security, including confidentiality and privacy. That provides peace of mind to all of your stakeholders.
Contact K3 today to learn about our SOC2 and Virtual Chief Information Security Officer (vCISO) services to support for company. We’re here to help!