Standard Compliance
SOC 2 Compliance
Service Organization Control Type 2 was introduced by AICPA (American Institute of CPAs) in 2013. It is a method for guaranteeing that service providers safely manage your data to protect your company’s interests and its clients’ privacy. SOC 2 is constructed around five principles to secure consumer data: security, confidentiality, availability, integrity, and privacy. SOC 2 applies to technology-based SaaS companies as well as third-party vendors and other partners who must adhere to these standards to assure the data’s integrity.
Methodology
SOC 2 is a framework for guaranteeing that all cloud-based technology and SAAS firms have controls and policies in place to ensure client data privacy and security. External auditors offer SOC 2 attestation. Implementation will assist you with identifying the underlying abnormalities in terms of the procedures and security controls that a firm should have in place for its consumers to have confidence in them.
SOC 2 Type 1 – A Type 1 report focuses on policies and procedures for ensuring Trust Service Criteria at a certain point in time. This means that an auditor will assess a company once on a set of criteria and controls to ensure that it meets specified control requirements.
SOC 2 Type 2 – A Type 2 report is an internal control report that details how a corporation protects client information and how well those SOC 2 controls are working. Independent third-party auditors produce these reports, which address the concepts of security, availability, confidentiality, and privacy.
Why Choose Us?
Do you know what distinguishes iLeads from others? We have your trust!
We prioritize a client-centric approach and best practices for organizations being one of the top 10 cybersecurity service providers in India. We are a global leader in cybersecurity, holding multiple certifications. We specialize in compliance services and help businesses overcome challenges by providing personalized solutions. Our swift and thorough test results match the needs of today’s businesses; assuring growth by strictly following the best Compliance services.
Our Strategy?
Our main strategy at Kratikal is to help our clients achieve SOC 2 compliance with ease. We recognize the importance and value of offering complete and integrated solutions. Our competence comes in precisely handling every area of compliance, ensuring that our clients have a smooth and thorough journey. We go beyond typical industry norms by providing personalized methods that ensure full compliance. Partner with us for a comprehensive and detailed SOC 2 compliance experience backed by our unwavering commitment to quality and client satisfaction.
Our Expertise
Our team of certified cybersecurity compliance experts have hands-on experience on best of industry SIEM, network monitoring and data loss prevention tools.
Our experts have joined hands with various organizations of a wide range of industries and thus, hold expertise in standard, industry-based and regulatory compliances.
Kratikal’s compliance implementers and SOC 2 auditors are well-versed in international IT frameworks and act, hence, delivering an optimized solution unique to your organization.
Why do organization need it?
SOC 2 Compliance enables you to determine how effective the controls managing data in your environment are. Because it’s an independent audit completed by a third-party CPA firm, SOC 2 is more reliable.
The Major Benefits of SOC 2
- More Controlled and consistent processes are being developed.
- Soc 2 audit is a proactive approach to help avoid costly security breaches.
- It provides assurance that your system and networks are secure.
- SOC 2 report provides valuable insight into your organization's risk and security posture, internal control governance and many more.
Our Approach
Our cyber security approach prioritizes a layered, proactive defense strategy encompassing robust network security, vigilant endpoint protection, strict access controls, regular vulnerability assessments, employee security awareness training, and a rapid incident response plan, ensuring the protection of sensitive data and systems against evolving cyber threats by focusing on the “people, process, and technology” pillars.
GAP Assessment
Policy Drafting
Implementation
Auditing and Training
Attestation
GAP Assessment
Gap Assessment is a fact-finding process that compares a company’s present security posture to industry standards and the SOC 2 framework. Performing a gap analysis prepares you for the SOC 2 procedure. It provides organizations with the information they require, as well as suggestions for controls that may be necessary to remedy gaps.
Policy Drafting
SOC 2 outlines how to handle a customer’s data using five principles: integrity, confidentiality, availability, integrity, and privacy. Information security, access control, risk assessment, mitigation, incident policy, and other policies must be documented to obtain SOC 2 attestation.
Implementation
This is to ensure that all the policies that have been drafted are followed and implemented in the organization, as well as to encourage the client’s organization to take the reporting and attestation process to the next level. The outcomes of these evaluations are utilized to classify threats into various risk levels, allowing the client to take appropriate action.
Auditing and Training
After we’ve accomplished all the above stages, we’ll get your company SOC 2 certified. This will entail a thorough evaluation of your company’s SOC standards to ensure that they comply with the standard’s criteria. Audits are conducted to acquire information about the client and the company to identify areas that may require additional attention. Type 2 reports typically take longer than Type 1 reports because they provide proof of how a corporation operates its controls that have been indicated in the control checklist throughout time.
Attestation
Finally, we’ll help you complete the SOC 2 attestation. This necessitates a detailed understanding of the various documentation needs, as well as validation of the implementation. The CPA (Chartered Public Accountant) certifies your company as a SOC 2 TYPE 1 and Type 2 qualified company.
Benefits
Cybersecurity is important because it protects organizational assets and services from malicious attacks and safeguards all types of data, including but not limited to sensitive data, protected health information (PHI), and personally identifiable information (PII) from theft and loss.
FAQ's
How long does it take to become SOC 2 certified?
The timeline is directly proportional to the number of departments and the number of controls that are being implemented in the work environment. Usually, a Type 1 audit can take 3-4 months, while SOC 2 Type 2 can take a bit longer.
Will we get a certificate after SOC 2 external audit?
SOC 2 audit accounts attestation from an external auditor accredited to AICPA. There is no certification of compliance for the SOC 2 audit.
Is it mandatory to get both SOC 2 Type 1 and Type 2 compliant simultaneously?
If you are starting with SOC2 compliance from the scratch then your primary focus should be on becoming SOC 2 Type 1 compliant. This will make a base for your security framework on which you can further implement Type 2 controls and become SOC 2 compliant as a whole. Remember, one cannot get SOC 2 Type 2 compliance without having Type 1 attestation.
Is there a statement of applicability in SOC 2 compliance?
SOC2 compliance doesn’t have an SOA checklist. However, it does have an RFI tracker (Request for Information) sheet to map all the pieces of evidence against the SOC 2 controls.