How long does it take to get soc2 compliance?

SOC 2 compliance takes 12 months for the first time. For organizations that have never conducted a SOC audit, the preparation, remediation, and documentation phases may take more time.

Do you need both SOC1 and SOC2?

Complying with SOC 1 may also be a compliance requirement. The Sarbanes-Oxley Act (SOX) requires companies listed on a public exchange to obtain SOC 1 certification. A SOC 2 report, on the other hand, is not required by any compliance framework, such as HIPAA or PCI-DSS.

What is the purpose of SOC2?

A SOC2 is used to assess an organizations information systems in terms of security, availability, processing integrity, confidentiality, and privacy.

What happens if you fail the SOC2 audit?

In the unlikely event that you fail the SOC2 audit,your customers will be slightly concerned, and this will affect your reputation. Additionally, the company may also incur significant costs as a result of adding controls that are not needed.

SOC2 Report | AWS Azure | Compliance

What is SOC2?

Developed by the American Institute of CPAs (AICPA), SOC 2 is a compliance standard that defines criteria for managing customer data based on the five "trust service principles" — security, availability, processing integrity, confidentiality, and privacy. It is one of the more common compliance standards that tech companies should meet today to compete in the market. SOC stands for Service and Organization Controls. SOC 2 specifically caters to those companies that store customer data on the cloud. Every SaaS company and any company that uses the cloud to store its customers’ information should be SOC 2 compliant. SOC 2 compliance is widely considered to be the minimum requirement when choosing a SaaS provider.

SOC2 + Cloud

SOC 2 is widely considered a technical audit. It requires companies to establish and follow strict information security policies and procedures, encompassing customer data security, availability, processing, integrity, and confidentiality. SOC 2 ensures that a company’s information security measures align with the unique parameters of today’s cloud requirements. As companies increasingly leverage the cloud to store customer data, SOC 2 compliance is becoming a necessity for a wide variety of organizations. SOC 2 emphasizes monitoring unusual system activity, authorized and unauthorized system configuration changes, and user access levels to protect customer data from known and unknown threats. In the event of a security incident, corrective actions should be taken immediately, and sufficient anomaly alerting procedures must be in place. Detailed audits should be carried out periodically, and any issue found should be remediated without delay.

Why Cloudanix?

SOC 2 emphasizes periodic audits and remediation of any issues found. Um, sound familiar? Cloudanix was precisely made to help you with this. Our automated audits perform various checks consisting of different rules on a wide variety of recipes that we provide to ensure your customer’s data is safe and you remain SOC 2 compliant. For instance, our AWS recipe of CloudFront Audit contains rules like Enable Geo Restriction, CloudFront Integrated with AWS WAF, Communication Encrypted using HTTPS, and many more. These audit rules help you comply with the SOC2 CC6.1 clause. This SOC 2 clause states that the entity should implement logical access security software, infrastructure, and architectures over protected information assets to protect them from security events to meet the entity's objectives. You can detect if you are violating SOC 2 and take corrective actions immediately by auditing these rules. All you have to do is sign up with Cloudanix. We will take care of your security audits and remediation of issues while building trust with your customers.

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Audit and Compliance

For any enterprise Audit and Compliance is a must for stakeholder and customer trust. Meeting legal requirements is not optional anymore. Following best practices is an equally important part of compliance management. Formal regulations, laws or even internal governance controls have to be in place and follow compliance standards set by HIPAA, SOC 2, GDPR, ISO 27001, etc.

Real-Time Alerting

In today's world where deployments are happening faster than ever. It is of utmost importance to know real-time as the drifts, misconfigurations, etc are created. If left unchecked, they will leave gaps for hackers and not just compromise your data but also reduce the performance and speed of deployments. Real-Time Alert mechanisms must be put in place. Depending on the severity, prioritize sending signals to multiple channels so as to not overlook the vulnerabilities created.

Remediation

Creation of custom remediation playbooks and using dozens of out of the box rules can help create a secure yet productive environment. A cloud management solution with automation capabilities that are policy driven can be configured to remedy the violations. In the same way it can also be configured to prevent them from occurring.

Insights from Cloudanix

What is SOC2 Compliance?

A voluntary set of standards that are developed by the AICPA that organizations can use to protect customer data. Visit now and learn more

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SOC2

Implementing Comprehensive Security Procedures To Protect Customer Data