Cybersecurity best practices with SOC Certification:
Securing Business Houses with innovation and authenticity
In 2023, India saw a scary jump in cyberattacks. The Indian Computer Emergency Response Team counted over 1.5 million cases. This number went way up from past years. It showed weak spots in digital systems and made clear the need to protect data better.
Amidst these backdrops, the System and Organization Control Certification comes out as an internationally accepted framework for business houses.
SOC Certification stands for…
The American Institute of Certified Public Accountants created the SOC certification. This checks how well a company handles cybersecurity, privacy, data processing, and keeping things secret.
Types of SOC Certifications
The SOC Certification has three main types: SOC 1, SOC 2, and SOC 3.
- SOC 1 looks at how a company controls financial reporting when it handles money for clients.
- SOC 2 is for tech companies, SaaS providers, and services that deal with sensitive client info.
- SOC 3 is a public version of SOC 2, and it gives a basic overview of security practices
Difference between SOC 2 Type 1 and Type 2 certification:
There are only minor differences between security certifications like Type 1 and Tye 2 attestations. We can say that SOC 2 Type 2 certificate is more comprehensive when compare to the Type 1. Type 2 evaluates the implementation controls and policies whereas the attestation process will last between 3 to 12 months. Having said that, both the certifications must follow a mandatory audit process to get attested.
Timeline to get SOC 2 certification – The entire certification process will take only months. The standard timeline for Type 1 certification is 1 to 3 months and for Type 2 it is 3 to 12 months. The timelines can be changed according to the time taken by your organization and the time taken by auditor to complete the audit.
4 steps to achieve SOC Certification:
- Readiness Assessment, by evaluating your current controls, policies, and procedures to identify gaps, to highlight non-compliance areas, and necessary improvements.
- Implementing Controls, by addressing gaps through measures like access controls, data encryption, incident response protocols, and employee training.
- SOC Audit, through a qualified auditor to assess compliance, review documentation, and test control effectiveness, either over time (Type 2) or at a single point (Type 1).
- Ongoing Compliance, of SOC certification through periodic policy updates, and annual audits to ensure sustained compliance and improvement.
Why are Indian businesses more interested in SOC 2 certification?
As India’s IT and SaaS sectors grow in cloud services and data processing, adhering to strong security protocols becomes crucial. SOC 2 compliance boosts an organization’s credibility and gives it an edge by showing its commitment to customer privacy protection.
Also, with India’s changing regulatory scene focusing on data privacy and protection, getting SOC 2 certification puts companies in a position to tackle compliance duties head-on and reduce possible risks. It also helps them match global data security standards and meet the tough demands of international clients.
Though the Personal Data Protection Bill is still being discussed, companies are taking the lead by adopting international standards like SOC 2. This helps them stay ahead of compliance needs and lower potential legal risks.
How GQS can be your ally in achieving SOC Certification…
Global Quality Services, a top security solutions company, knows how much SOC certification and compliance matter.
- SOC 1 certification looks at controls for financial reporting. GQS helps businesses check and boost their financial reporting controls. This makes sure they follow the required standards.
- To get SOC 2 certified, GQS shows businesses how to put key information security practices in place. These line up with the Trust Services Criteria to keep customer data safe.
- SOC 3 reports sum up SOC 2 for the public. GQS helps create these reports. They show the company’s commitment to security rules without giving away sensitive details.
As a reliable partner, GQS will be your ready-to-go associate in providing the necessary expertise and guidance within this journey.
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