Why does my company need a SOC 2 report?

‍Securing a SOC 2 report that conforms to American Institute of Certified Public Accountants (AICPA) guidance is a greatway to show your customers and prospects that your security practices can protect their data.

How do we prepare for a SOC 2?

SOC 2 reporting has typically been a multi-stage, costly process involving many hours of preparation, time-intensive interviews and gap assessments, many fixes and process changes, and the collection of detailed proof that you uphold your security controls. That’s all before the on-site audit itself, which includes more interviews and additional evidence collection, followed by your auditor’s time to write the report documenting this lengthy process and representing your achievement of a clean SOC 2 audit. But it doesn’t need to be this way anymore!

Vanta is “security in a box” for technology companies — a suite of interconnected tools currently running the security of companies from only two founders to hundreds of employees and multiple offices.

The SOC 2 Compliance Checklist with Vanta

1. Building your SOC 2 report: Start with the Trust Service Criteria.

Your SOC 2 report will be built from a selection of the five Trust Service Criteria, according to your customers’ needs and your unique business model. Vanta will help walk you through this process.

• Every SOC 2 report includes the Security category.
• The other categories that you could include in your SOC 2 report are Availability, Processing Integrity, Confidentiality, and Privacy. Vanta will help you choose which areas are necessary to include. Our Trust Services Category guide provides more detail on these choices.
  

2. Let your technology do the talking.

When you work with Vanta, you get to use automated checks that are designed to the SOC 2 standard. First, we build a list of rules tailored to your company. Then we connect to your company’s infrastructure, admin, and key services to continuously monitor your systems and services. We’ll then walk you step-by-step through the process of closing any gaps in your security implementation, so your holistic security hums before audit time.

3. Talk with Vanta and your auditor.

You could spend days (or weeks!) walking an auditor through your company’s systems and processes. Or, when you work with Vanta, your engineers and the Vanta team get on a call with your auditor — and get on the same page about the details of your systems in just a couple of hours.

4. Vanta reviews your continuously monitored data with your auditor...

… and you emerge on the other side with a complete SOC 2 report with less time and effort and more security assurance.

5. You’re done!

With Vanta, what used to be a costly and time-consuming process — preparing for your SOC 2 audit, getting audited, and waiting for your audit report — is transformed into an automated part of your business that runs in the background.

Preparing for a successful audit with Vanta

Vanta ensures you run running a tight ship today and in the future — and that you don’t lose unnecessary time preparing for and working through a lengthy manual audit process.

A smooth, automated audit and a squeaky-clean SOC 2 report are the direct outcomes of working with Vanta; beyond that, using Vanta speaks volumes in terms of how you do business and how you protect your clients’ data. With Vanta, you’re able to maintain the highest levels of security compliance while staying focused on your company’s — and your clients’ — big-picture goals.

Get secure so you can get back to business.

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‍At Vanta, we’re working to secure the internet, increase trust in software companies, and keep consumer data safe.

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