What Is SOC 2 Type II Compliance?
According to a recent IBM report, cybersecurity breaches cost an average of $4.2 million in 2021, making data security a critical concern for businesses across all industries. In particular, organizations that outsource essential business operations to third-party vendors like SaaS and cloud computing services should be even more concerned about data security. When these third-party vendors mishandle the data and networks entrusted to them, it leaves your organization vulnerable to cyberattacks. To avoid this, your organization needs an auditing procedure to ensure providers manage your data securely. SOC 2 Type II compliance is one such procedure and a minimal requirement for a security-conscious organization with SaaS providers.
In this guide, we discuss SOC 2 Type II compliance, its benefits, and how to attain continuous compliance.
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