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SOC 2 refers to a set of audit reports that demonstrate the level of conformity of information security controls’ design and operation against a set of defined criteria (TSC), whereas ISO 27001 is a standard that establishes requirements for an Information Security Management System (ISMS), which is a set of practises for defining, implementing, operating, and improving information security.
Definition- ISO 27001 is a standard that sets standards for an Information Security Management System (ISMS). SOC 2 refers to a series of audit reports that demonstrate the level of conformance to a set of defined criteria (TSC).
Applicability- In different parts of the world. SOC 2 for the United States, ISO 27001 for the rest of the world.
Industry-specific applicability- ISO 27001 is for businesses of any size or industry, SOC 2 is for service organisations of any industry
Compliance- SOC 2 is certified by an ISO certification organisation, while ISO 27001 is confirmed by a registered Certified Public Accountant (CPA).
Purpose- SOC 2 is designed to demonstrate a system’s security level against static principles and standards, whereas ISO 27001 is designed to define, implement, operate, regulate, and enhance total security.