How Important is SOC-2 Compliance? – Insights for IT Professionals

How Important is SOC-2 Compliance?

Clouding computing is simplifying the lives of the digital population in many ways than one. It is easy to store and retrieve data and share files with colleagues or customers, not to mention the easy automatic software integration. 

The benefits can be easily tainted by the security concerns because the data shared on the cloud could be sensitive or proprietary. To address those security concerns, AICPA developed SOC-2 that all cloud-based businesses and SaaS companies should comply with. Why is this compliance important?

Helps monitor all operations

The most significant benefit of SOC-2 compliance is that it ensures your data is kept safe and shared discreetly. One way to accomplish this is by monitoring every attack you know of and even those unknown to you. The comprehensive monitoring functionality can help provide all-around protection from a host of attacks.

Monitoring unknown attacks can be done by identifying any abnormal activities and scrupulously analyzing the data presented. When monitoring everything known and unknown to you, it will be easier to prevent catastrophic events like Wannacry and NotPetya.

Incident prevention

SOC-2 compliance ensures that incidents that threaten customer data or infringe privacy policies are resolved. Whenever an incident starts taking shape, it should be handled while it is still at the buds. 

There is a variety of SOC 2 compliance services that can be implemented by companies using the cloud. JupiterOne has easy to use and cost-efficient software for businesses that need these services. The software removes the need for excess tools and reduces the response time significantly.

Timely alerts of abnormal activities

Alerts are a great way to identify threats before they become a large problem and spiral out of control. Alerting systems can be a pain, however, because there might be false positives sounding alarms. To ensure that this does not happen, SOC-2 compliant companies use parameters that signal activities out of the norm for each industry. 

That uses a lot of industry data about the operations and trends specific to the type of business and sector. The end result is a flawless system sounding alerts on issues that actually need your attention. The alerts notify you with ample time to resolve the issues and do not alarm users on false positives.

Detailed audit results

Audit trails that should be implemented as part of SOC-2 compliance ensure that there is enough information about every attack. The compliance requirement of conduction audit trails provides the security provider information that can expedite the process of remedying awry situations. 

Security providers can also use the data to provide more advanced defenses for future implementation. The data provided answers the who, what, when, where, and how of a security attack. 

One of the best results that are returned by the detailed audit results is information about the perpetrator. That data can be used if you would like to lay charges against the attacker.

Forensic data

SOC-2 compliance requires cloud-based security services to have data forensics that is actionable regarding attacks that have been identified. The forensic data should include the origin of the attack and other parts of the system that were affected. All that forensic data can help make predictions on where the attack might spread, making it easier to curb a widespread catastrophic event. 

The forensic data can also be used to detect future threats and mitigate the impact it could have on the system. Above that, the data improves the implementation of corrective measures of the security system. In the future, the forensic data can be used to create new parameters that will be implemented on the abnormal activities alarms.

Leave a Reply

Your email address will not be published. Required fields are marked *