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SOC 1 and SOC 2 compliance demonstrate to customers and stakeholders that the company has adequate controls in place to protect their data and resources, maintain system security, and protect confidential information.
SOC 2 (System and Organization Controls 2) compliance is an auditing framework established by the American Institute of Certified Public Accountants (AICPA) that evaluates the security, availability, processing integrity, confidentiality, and privacy of an organisation’s systems and services. It is designed for service organisations, particularly those that provide cloud computing, data centre hosting, and other technology-related services, to demonstrate their commitment to maintaining strong internal controls over their systems and the data they process.
SOC 2 compliance is based on five Trust Services Criteria:
To achieve SOC 2 compliance, an organisation must undergo an independent audit by a certified public accounting firm, which evaluates the organisation’s controls against the relevant Trust Services Criteria. The resulting report assures clients and stakeholders that the organisation has robust controls to protect their data and maintain the quality of their services.
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