Type I describes a vendor’s systems and whether their design is suitable to meet relevant trust principles.
Type II details the operational effectiveness of those systems.
SOC 2 certification is issued by outside auditors. They assess the extent to which a vendor complies with one or more of the five trust principles based on the systems and processes in place.
Obtaining a SOC 2 report requires an investment of both time and money for a service organization and, at some point, might seem like more work than it’s worth. However, the advantages to obtaining a SOC 2 report far outweigh the initial investment. Following are ten benefits:
Achieving and maintaining ISO 27001 compliance involves a systematic process that includes several key steps:
Valency Networks has established a proven track record of delivering exceptional network security services to clients across various industries. Our team of seasoned cybersecurity professionals brings extensive experience and expertise to every engagement, ensuring the highest quality of service and results that exceed client expectations.
The privacy principle addresses the systems collection, use, retention, disclosure and disposal of personal information in conformity with an organization?s privacy notice, as well as with criteria set forth in the AICPAs generally accepted privacy principles (GAPP)
Personal identifiable information (PII) refers to details that can distinguish an individual (e.g., name, address, Social Security number). Some personal data related to health, race, sexuality and religion is also considered sensitive and generally requires an extra level of protection.
Controls must be put in place to protect all PII from unauthorized access.
Similar to a SOC 1 report, there are two types of reports: A type 2 report on managements description of a service organizations system and the suitability of the design and operating effectiveness of controls. A type 1 report on managements description of a service organizations system and the suitability of the design of controls. Use of these reports are restricted.
A system consists of five key components organized to achieve a specific objective. The five components are categorized as follows :
Infrastructure. The physical & hardware components of a system (facilities, equipment, and networks)
Software. The programs and operating software of a system (system, application and utilities)
People. The personnel involved in the operation and use of a system (developers, operators, users and managers)
Procedures. The programmed and manual procedures involved in the operation of a system. (automated & manual)
Data. The information used and supported by a system (transaction, streams, files, databases, and tables)
The organization defines and documents policies for each relevant Trust Services Principle (Security, Availability, Processing Integrity, Confidentiality, and Privacy).
The organization communicates these policies to responsible personnel and authorized users to ensure awareness and accountability.
The organization implements procedures that put its documented policies into practice and help achieve the objectives of each Trust Services Principle.
The organization monitors its systems and controls and takes corrective actions to maintain ongoing compliance with the defined policies and objectives.
Founder & CEO, Valency Networks
Prashant Phatak is an accomplished leader in the field of IT and Cyber Security. He is Founder and C-level executive of his own firm Valency Networks. Prashant specializes in Vulnerability assessment and penetration testing (VAPT) of Web, Networks, Mobile Apps, Cloud apps, IoT and OT networks. He is also a certified lead auditor for ISO27001 and ISO22301 compliance.As an proven problem solver, Prashant's expertise is in the field of end to end IT and Cyber security consultancy to various industry sectors.
