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Why Service Organization Control 2 (SOC 2) Matters
Data Security Starts with Your IT
The vast amount of digital information and the speed at which it can be shared have raised new challenges for keeping an organization’s data secure and private. To ensure that third parties that interface with your business, such as IT service providers handling your company’s data, adhere to stringent privacy and security measures, SOC 2 compliance becomes essential.
The SOC 2 auditing process reinforces operational procedures that strengthen internal processes regarding data security, availability, processing integrity, confidentiality, and privacy controls. This complex process sets in place criteria that superiorly position a service provider to handle data responsibly and securely.
American Technology Services (ATS) offers reliable and secure solutions that meet the stringent standards of SOC 2, allowing our clients to focus on their core business with peace of mind about their data safety.
As a SOC 2 compliant managed service provider (MSP) and managed security service provider (MSSP), American Technology Services is a trusted partner for navigating the complex realms of data management and protection, assuring that client data will be handled with integrity.
What is SOC 2?
Service Organization Control 2 (SOC 2) is an auditing procedure and philosophical framework developed by the American Institute of Certified Public Accountants (AICPA) to ensure that service providers securely manage data to protect the interests and privacy of their clients. A SOC 2 report focuses on a business’s non-financial reporting controls as they relate to the security, availability, processing integrity, confidentiality, and privacy of a system. SOC 2 is not simply a set of rules; it’s a philosophy that underscores the importance of healthy data management practices. By setting clear benchmarks for data handling, SOC 2 forces businesses to rethink and reimagine their approach to data management. Beyond being a form of compliance, SOC 2 represents a commitment to treating data with the care and respect it deserves, fostering trust and credibility with clients.Who Needs SOC 2 Compliance?
Beyond the industries mentioned, any organization that deals with sensitive customer data in any capacity needs to consider SOC 2 compliance. This includes traditional businesses undergoing digital transformations and start-ups dealing with customer data. Moreover, in an era of increasing regulatory oversight, demonstrating SOC 2 compliance can serve as a competitive advantage, illustrating your company’s commitment to data protection and customer privacy. Any organization that stores, processes, or transmits customer data should consider SOC 2 compliance. This includes:- SaaS providers
- Cloud service providers
- Data centers
- MSPs and MSSPs
- Financial institutions
- Health care providers
The Trust Services Criteria
SOC 2 compliance is achieved by meeting the five Trust Services Criteria. These prove an organization’s internal controls assure:- Security: The system is protected against unauthorized access.
- Availability: The system is available for operation and use as committed or agreed.
- Processing Integrity: System processing is complete, accurate, timely, and authorized.
- Confidentiality: Information designated as confidential is protected as such.
- Privacy: Personal information is collected, used, retained, disclosed, and disposed of in conformity with the entity’s commitments and system requirements.
The Priority of SOC 2 Compliance
SOC 2 compliance is not merely a regulatory requirement, but a business imperative. It’s a priority because:- It demonstrates a company’s commitment to data security and privacy.
- It gives customers and partners confidence in your organization’s data management practices.
- It mitigates the risk of data breaches, which can result in financial loss and damage to reputation.
- It may be a requirement for certain contracts or business engagements.
SOC 2 Compliance and the Role of MSPs, MSSPs, and Cloud Vendors
MSPs, MSSPs, and cloud vendors play a crucial role in the data lifecycle, making SOC 2 compliance indispensable for these service providers. It ensures they:- Have robust data protection controls in place.
- Can securely manage and safeguard customer data.
- Are in a position to demonstrate their commitment to data security, increasing customer trust and loyalty.
Why Partner with ATS?
ATS doesn’t just provide a service; we build partnerships based on trust and reliability. Our SOC 2 compliance is not just a badge we wear but a philosophy we live by. We see it as a commitment to our clients that we will not only protect their data but also align with the highest standards of data management and security. We don’t just meet SOC 2 standards, we strive to exceed them, constantly revising and improving our practices to provide the best possible service to our clients. As a SOC 2 compliant technology partner, ATS ensures:- Our services meet the rigorous security, privacy, and availability standards outlined by the AICPA.
- Our customers’ sensitive data is adequately protected.
- Our internal controls are regularly audited and updated to ensure compliance and enhanced security.