What are SOC reports?

Learn more about SOC Reports: https://scytale.ai/glossary/soc-reports/

SOC stands for Service Organization Controls, and it is a type of audit report issued by a third-party auditor.

SOC reports are designed to provide assurance to customers that their data is secure and protected from risks. SOC Reports are divided into three different types: SOC1, SOC 2, and SOC 3.

SOC 1 reports provide assurance about the security, availability, and confidentiality of a company’s internal controls, while SOC 2 and SOC 3 reports provide assurance about the security, availability, and confidentiality of a company’s systems and services.

SOC 2 reports are more detailed and require more rigorous testing than SOC 3 reports. When a company decides to get a SOC report, they must select the type of report they need based on their specific needs. The selection process can be complicated and should be done with the help of a knowledgeable professional.

Once the type of report is selected, the auditor will then conduct a thorough audit and issue the corresponding report. SOC Reports are an important part of a company’s security and compliance program.

The reports provide assurance to customers that their data is secure and protected from risks. It is important for companies to ensure that they are up-to-date with their SOC Reports in order to maintain their customers’ trust.

#soc2 #audit #report