Achieving SOC 2 compliance is the best way to ensure your customers’ information is safe and secure. LogicManager will help you determine which SOC 2 requirements apply to your organization, design controls to meet those requirements, monitor their effectiveness and report on your program.
Additionally, while many organizations don’t want or need to be SOC 2 compliant themselves, they still need to ensure that their vendors are SOC2 compliant. If this describes your business, it’s critical to know that your information is protected; but this can be a cumbersome process. LogicManager allows you to easily automate this evidence collection.
Benefits of Achieving SOC 2 Compliance
There are five Trust Services Principles, or criteria, that comprise a SOC 2 report: security, availability, processing, integrity, confidentiality and privacy. There are multiple benefits to each principle:
Data security is consistently threatened at each and every organization, so having sufficient physical and electronic controls in place to protect sensitive information is critical. Being able to provide evidence of these controls, monitor incidents and document security measures is critical to managing ongoing threats.
Does your organization provide services that other businesses rely on? Do you rely on data centers or telecommunication companies? Availability to these services is central to maintaining business operations, and in order to meet Master Service Level Agreements and avoid major downtime, it’s vital to identify negative trends in data availability.
It’s critical to demonstrate your organization’s ability to honor agreements in a timely and consistent manner. This proves that you have the measures in place to provide complete, valid and accurate delivery of services.
Just because information isn’t technically considered PII/PPI does not mean that it isn’t confidential. One of the benefits you’ll experience using LogicManager for your SOC 2 compliance needs is the ability to document and verify that you have the technical and procedural means to honor MSAs, DSAs and other contractual agreements that may include data confidentiality clauses.
To avoid fines and build confidence with customers and stakeholders alike, it’s important to build their trust. One of the most critical steps in building trust is by maintaining compliance with a variety of privacy frameworks (such a SOC 2).