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.
SOC 2 compliance 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.
There are two types of SOC compliance reports:
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.