soc 1 vs soc 2

When it comes to compliance and security, two of the most common acronyms you’ll see are SOC 1 and SOC 2. But what do they mean? What’s the difference between them? Let’s take a closer look.

SOC 1 stands for Service Organization Control 1. It’s a type of audit that assesses controls at a service organization that are relevant to the security and processing of customers’ financial information. In other words, it helps ensure that the service organization is handling its clients’ data properly and securely.

SOC 2, on the other hand, stands for Service Organization Control 2. This type of audit goes a step further than SOC 1 and assesses controls related to security, availability, processing integrity, confidentiality, and privacy of a service organization. So while SOC 1 focuses specifically on financial information, SOC 2 looks at a wider range of data.

Now that you know the difference between SOC 1 and SOC 2, you can decide which type of audit is right for your organization. If you’re handling financial data, then SOC 1 is probably the way to go. But if you want a more comprehensive assessment of your controls, SOC 2 is the better choice. Learn more about SOC 1 vs SOC 2 from Trustnet.

soc 2 type 1 vs soc 2 type 2

In addition to SOC 1 and SOC 2, you may also see the terms SOC 2 Type 1 and SOC 2 Type 2. So what’s the difference between them?

SOC 2 Type 1 is an attestation report that provides assurance that a service organization has put in place the necessary controls and procedures. SOC 2 Type 2, on the other hand, is a report that not only attests to the controls and procedures in place, but also provides evidence that those controls are effective. In other words, SOC 2 Type 2 goes a step further than SOC 2 Type 1 and provides greater assurance.

DME Management software