SOC 1, SOC 2, or SOC 2+ – Which SOC Report Is Right for Your Organization?
Understanding how your organization’s financial, IT, and operational controls are safeguarding your data is critical to building trust and transparency. For service providers, you must provide assurance that these controls are operating effectively to a wide range of audiences: board members, stakeholders, customers, and potential clients. One of the most effective ways to demonstrate this is through a System and Organization Controls (SOC) report. However, there are a number of different SOC reports, and determining which one your organization needs for a specific purpose can be a challenge. In this post, we’ll look at a brief history of SOC reports as well as each kind of report to help you choose the one that fits your organization’s needs.