"Hey, do you guys have a SOC 2 report?".
SOC 2 .... 🧦 lol, not that type of soc(k) 😉
If you are a SaaS company, you might have heard SOC 2 and even been asked by a client, "Hey, do you guys have a SOC 2 report?".
In this industry, it is pretty standard to be asked and provide a SOC 2 report to a potential client. Many clients, will not conduct business with SaaS companies, that do not have a SOC 2 evaluation completed.
SaaS companies that want to expand their client base to bigger companies, achieving SOC 2 compliance signals to a market, that you are willing to provide assurance in the form of a third-party audit report that you will protect customer information. Information your business relies on.
SOC 2 reports also give companies a leg up in providing assurance to customers in today's cybersecurity landscape. The volume of cyberattacks is increasing every year. A breach can trigger fines, damage a company's reputation, cause an exodus of customers, and much more. SOC 2 compliance goes a long way in mitigating losses from these scenarios by providing assurance that you have key processes in place. A compliant business is more likely to respond to a breach quickly, thus limiting its impact.
Yes, we know. A SOC 2 evaluation can seem like a dauting task. In reality it can be and it can also be a pretty simple process. This depends on how prepared the organization is prior to engaging an auditor.
At KlavanSecurity.com, we have helped startup Saas companies, do just this. Prepare for an audit, so that the audit can be completed in a reasonable amount of time and at the lowest cost.
If you are looking to head down the SOC2 path, contact us for a quick chat. We can explain how we prepare you for a successful evaluation by:
📍 Choosing your scope
📍 Creating or updating administrative policies
📍 Assessing the existing and setting new technical security controls
📍 Gathering the needed documentation and evidence
📍 Choosing and training the control owners
📍 Selecting the most appropriate auditors
📍 Navigating and representing you during the audit
📍 Organizing and preparing your organization for the next SOC 2 Report
Contact us today!