SOC 2+ Audit
SOC 2+ (Plus) is an enhanced version of the standard SOC 2 audit, providing a more comprehensive assessment of an organization's security controls. It combines SOC 2 criteria with additional industry-specific requirements, offering a broader evaluation of a company's risk management and compliance practices.
The primary purpose of SOC 2+ is to ensure that service organizations meet stringent security, availability, processing integrity, confidentiality, and privacy standards. It goes beyond the basic SOC 2 framework by incorporating extra criteria tailored to specific industries or regulatory needs.
While SOC 2 focuses on the five Trust Services Criteria, SOC 2+ expands this scope. For example, a healthcare-related SOC 2+ audit might include HIPAA compliance checks. Similarly, a financial services SOC 2+ could incorporate elements from the Payment Card Industry Data Security Standard (PCI DSS).
This expanded audit helps organizations demonstrate their commitment to robust security practices and regulatory compliance. It's particularly valuable for companies operating in highly regulated industries or those seeking to differentiate themselves in competitive markets.
Key differences between SOC 2 and SOC 2+:
1. Scope
SOC 2+ covers a broader range of criteria beyond the standard Trust Services.
3. Complexity
SOC 2+ audits are generally more complex and time-consuming due to additional criteria.
2. Customization
SOC 2+ can be tailored to specific industry requirements or regulations.
4. Reporting
SOC 2+ reports provide more detailed insights into an organization's security posture.
Organizations considering a SOC 2+ audit should carefully assess their specific needs and industry requirements. While more comprehensive, the additional complexity and resources required for SOC 2+ may not be necessary for all businesses.
Industries requiring SOC 2+ audits
SOC 2+ audits are crucial for various industries handling sensitive data. Let's explore the key sectors where these assessments are particularly vital:
SaaS Providers
Software-as-a-Service (SaaS) companies often deal with vast amounts of customer data. These firms must prioritize SOC 2+ audits to ensure robust security measures. For instance, a CRM platform storing client information needs to demonstrate:
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Stringent access controls
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Encryption protocols
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Regular security updates
Data Centers and Cloud Services
As custodians of vast data repositories, these entities face heightened scrutiny. SOC 2+ audits help verify:
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Physical security measures​
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Data backup procedures
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Disaster recovery plans
Financial Services
Banks, investment firms, and fintech startups handle sensitive financial data daily. SOC 2+ audits are indispensable in this sector, focusing on:
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Transaction security​
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Fraud prevention mechanisms
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Compliance with financial regulations
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United Kingdom, SW20 8DN
​company number: 12435469