If you provide services to customers that involves handling, processing, or storing their data, it is likely that you will be (or already have been) asked to provide a SOC 2 report. Here’s what you need to know about SOC 2 reporting and why it’s important.
A SOC 2 report provides your customers with an extra level of assurance around your controls at it pertains to five trust services categories – security and, optionally, availability, confidentiality, processing integrity and privacy.
Technology services used by modern businesses have numerous benefits, but they also introduce an additional level of risk. Customers want to know that their data will remain secure while leveraging your organization’s services. Providing a SOC 2 report demonstrates that you have taken the time to back up your service commitments with controls that are designed, implemented and operating effectively. This makes your business more trustworthy and gives you a competitive advantage over others in the marketplace that are not able to provide the same level of assurance.
Helping You Get There…
To learn more about how we help you get there with our SOC 2 reporting services, connect with a member of Boulay’s Risk Advisory Team today.