SOC 2

Why this certification is essential for companies

The security of sensitive data is more important than ever for companies today. Customers expect their information to be protected and processed to the highest standards. This is where SOC 2 certification comes into play. But what exactly does SOC 2 mean and why is it essential for modern companies? And how does it differ from SOC 3?

What is SOC 2?

SOC 2 (Service Organisation Control 2) is a certification developed by the American Institute of Certified Public Accountants (AICPA). It ensures that organisations adhere to strict security, availability, integrity, confidentiality and data protection guidelines. While SOC 1 focusses on financial reporting, SOC 2 focuses on the security and protection of data.

The five principles of SOC 2

A company must fulfil five central criteria for SOC 2 certification:

  1. Security – Protecting against unauthorised access, data leaks and cyber-attacks.
  2. Availability – Ensuring that systems and services function reliably and without interruption.
  3. Processing integrity – ensuring that data is processed correctly and is not tampered with.
  4. Confidentiality – limiting access to sensitive data to authorised users.
  5. Data protection – compliance with data protection regulations and protection of personal data.

SOC 2 Type I vs. Type II

Similar to SOC 1, there are also two variants here:

  • SOC 2 Type I: Assesses the implementation of security controls at a specific point in time.
  • SOC 2 Type II: Assesses the effectiveness of these controls over a longer period of time.

What is the difference between SOC 2 and SOC 3?

SOC 3 is a certification that, like SOC 2, is based on an organisation’s security and privacy policies, but in a simplified and publicly accessible form. While SOC 2 provides detailed information about the security controls and practices implemented, SOC 3 provides a summarised version of the SOC 2 report that is accessible to the general public. The main difference between the two is that SOC 2 is specifically intended for internal and selected customer reports, while SOC 3 is ideal for organisations that want to present their security standards transparently and without publishing confidential details.

FELLOWPRO strengthens data protection and security with SOC 2

The protection of sensitive customer data is our top priority. With the successful SOC 2 certification, FELLOWPRO underpins its commitment to the highest security and data protection standards. This certification confirms that we have implemented effective and reliable controls to ensure the security and confidentiality of the data entrusted to us. Our customers benefit from independent confirmation that their data is in safe hands – a crucial factor for long-term trust and compliance.

Conclusion

SOC 2 certification is a crucial step for companies that want to ensure secure data management and high data protection standards. With the successful certification, FELLOWPRO shows that we are consistently committed to security, trust and compliance.

Would you like to find out more about how FELLOWPRO protects your data? Please feel free to contact us!

Image credits: Header- & featured image by FELLOWPRO

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