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What is the difference between ISO 27001 and SOC2

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- ISO27001 is certified by an ISO certification organisation (also called as certification body), while SOC2 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.

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