GLOSSARY

SOC 2

Terms

Annex A Controls

Attestation of Compliance (AOC)

Compliance risk management

Cardholder Data (CHD)

Cardholder Data Environment (CDE)

Compliance software

General Data Protection Regulation (GDPR)

HIPAA Business Associates

HIPAA Compliance

HIPAA Covered Entities

HIPAA employee training

HIPAA Risk Assessment

HIPAA Rules: Breach Notification Rule

HIPAA Rules: Enforcement Rule

HIPAA Rules: Omnibus Rule

HIPAA Rules: Privacy Rule

HIPAA Rules: Security Rule

HIPAA Safeguards

HIPAA Sanctions

Health Information Technology for Economic and Clinical Health Act (HITECH)

ISMS Governing Body

ISO 27001 security standard

ISO 27001 Internal Audit

ISO 27001 Key Performance Indicators (KPIs)

ISO 27001 Management Review

ISO 27001 Nonconformities

ISO 27001 Risk Assessment

ISO 27001 Risk Treatment Plan

ISO 27001 Stage 1 Audit

ISO 27001 Stage 2 Audit

IT security policy

Information Security Management System (ISMS)

Protected health information

Payment Card Industry Data Security Standard (PCI DSS)

Qualified Security Assessor (QSA)

Report on Compliance (ROC)

Security questionnaire

SOC 2 Type I report

SOC 2 Type II report

SOC Trust Services Criteria

Self-Assessment Questionnaire (SAQ)

Service Provider

Statement of Applicability

Vendor assessment

Vendor management policy

What is SOC 2?‍

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Developed by the American Institute of CPAs (AICPA), SOC 2 defines criteria for managing customer data based on five “trust service principles”—security, availability, processing integrity, confidentiality and privacy.

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SOC 2 reports are unique to each organization. In line with specific business practices, each designs its own controls to comply with one or more of the trust principles. These internal reports provide you (along with regulators, business partners, suppliers, etc.) with important information about how your service provider manages data.

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There are two types of SOC reports:

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Type I describes a vendor’s systems and whether their design is suitable to meet relevant trust principles as of a specified date
Type II details the operational effectiveness of those systems throughout a specified period.

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You may want to pursue a SOC 2 report if you handle customer data and/or you work with larger enterprises who will want to ensure that you are a secure vendor.

Vanta is the easy way to get SOC 2, HIPAA, or ISO 27001 compliant. Over 2,000 fast-growing companies trust Vanta to automate their security monitoring and get ready for security audits in weeks instead of months. Simply connect your tools to Vanta, fix the gaps on your dashboard, and then work with a Vanta-trained auditor to complete your audit. We'll guide you throughout the process and help tailor your security monitoring and compliance to meet the needs of you and your customers. Vanta was founded in 2016 and headquartered in San Francisco.