SOC 2, or Service Organization Control 2, is a framework created by the American Institute of CPAs (AICPA) focused on data security. It is specifically designed for service providers storing customer data in the cloud, emphasizing the importance of managing customer data based on five trust service criteria: security, availability, processing integrity, confidentiality, and privacy.
The five trust service criteria are pivotal to understanding SOC 2 compliance requirements. Each criterion addresses different aspects of data management, ensuring comprehensive protection and governance.
SOC 2 compliance is crucial for companies looking to build strong relationships with their clients. It demonstrates a commitment to maintaining high standards of data security and can be a significant differentiator in a competitive market.
Achieving SOC 2 compliance involves several key steps that organizations must follow. These include conducting a risk assessment, developing policies and procedures, implementing security measures, and preparing for the audit process.
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