Are you familiar with SOC 2 certification? This designation is becoming increasingly important for companies that handle sensitive customer data. Essentially, it is proof that a company has taken the necessary steps to protect data and maintain security. 

Any company that wants to demonstrate its commitment to data security can pursue SOC 2 certification. The price of certification varies depending on the size and complexity of the organization, but the average cost is between $50,000 and $100,000. 

The process of certification can take six months to a year, depending on the readiness of the organization. However, the benefits of certification—increased customer trust and confidence, improved processes and controls, and reduced risk—are well worth the investment.

What is SOC 2 Certification? How Can I Get Certified?

So, what exactly is SOC 2 certification? The System and Organization Controls (SOC) framework was developed by the American Institute of Certified Public Accountants (AICPA) to provide assurance that controls at a service organization meet specific criteria. A company’s management team can use SOC 2 certification as a way to demonstrate their commitment to data security and privacy best practices.

There are two main ways to go about getting SOC 2 certification. The first is to work with an accredited certification body. The certification body will assess your company’s security controls and procedures to ensure they meet the SOC 2 standards. Once the certification body is satisfied, they will issue a certificate. 

The second way to get SOC 2 certification is to have an independent auditor assess your company’s compliance. The auditor will review your security controls and procedures and issue a report. If the auditor finds that your company meets the SOC 2 standards, you will be issued a certificate indicating your compliance. 

Either way, getting SOC 2 certified can be a lengthy and expensive process, but it is well worth it to ensure the safety of your customer’s data. If you are choosing between vendors, you may also want to work with those who are SOC 2 certified to mitigate your risk.

What Are the Benefits of Having SOC 2 Certification?

When customers entrust their personal data to a company, they expect that it will be treated with care and respect. SOC 2 certification is one way to demonstrate that a company is committed to protecting customer data. 

SOC 2 certification requires companies to meet strict security requirements, and it is often seen as the gold standard within the cybersecurity industry. As a result, SOC 2 certification can help businesses to win new customers and build trust with existing ones. 

In addition, SOC 2 certification can also help businesses to attract and retain employees, as it demonstrates that the company is serious about protecting their personal information and that they take customer trust seriously. Ultimately, SOC 2 certification is a valuable asset for any business that wants to build trust with its customers and create a safe and secure environment for its employees.

Details on Getting SOC 2 Certification Through a CPA

What is a SOC 2 Type II report through a CPA? It is an independent evaluation performed by a Certified Public Accounting (CPA) firm that assesses whether a company has implemented the necessary controls to protect the confidentiality, integrity, and availability of its customer data. To achieve SOC 2 certification, a company must first select a CPA firm that is a member of the American Institute of Certified Public Accountants (AICPA). 

The CPA firm will then perform an audit of the company’s controls and issue a report detailing its findings. To be certified, a company must have implemented all of the required controls and passed all of the relevant audits. 

In addition, it must also have a documented process for monitoring and testing its controls on an ongoing basis. SOC 2 certification provides customers with peace of mind knowing that their data is being protected by a company that takes security seriously.

Why Should You Work with a Provider that is SOC-2 Certified?

SOC 2 certification is essential for any data-sensitive organization, as it provides an independent verification of the security and integrity of a company’s systems and processes. Working with a provider that is SOC-2 certified ensures your customers’ data remains safe and secure, thus reducing risk and protecting your reputation. 

Additionally, having a third-party audit will help provide peace of mind that your organization is taking all necessary steps to protect customer data. Working with a provider that has achieved SOC-2 certification is the best way to ensure you are providing a secure, trusted environment for your customers’ data. 

In conclusion, SOC 2 certification provides assurance to customers and other stakeholders that an organization meets specific criteria for data security and privacy best practices. It is essential for any organization that deals with sensitive or confidential customer information, as it helps protect their reputation and reduce risk. 

If your company is interested in learning more about why it’s important to work with a provider that has SOC 2 certification, call TAG Solutions today. We are SOC-2 certified and offer a full suite of managed services to support your company. Contact us today!