What is SOC 2 Type II compliance?
SOC 2 Type II Compliance is a security standard that ensures companies’ data systems and processes are secure, reliable, and confidential.
It involves evaluating the systems, procedures, and policies of a company to ensure they meet certain security criteria, such as protecting customer data from unauthorized access or malicious attacks. Companies must be able to show that they have processes in place to protect their customers’ data and information privacy.
In order to become SOC 2 Type II compliant, a company must undertake a rigorous audit process that involves implementing and demonstrating adherence to numerous technical, physical, and administrative security controls as specified by the American Institute of Certified Public Accountants (AICPA).
These controls cover a range of areas such as organizational structure and standards for governance, system operations, access control, availability, processing integrity, data confidentiality, and privacy.
During the audit process, organizations must provide evidence that they are in compliance with all relevant regulations governing their operations while at the same time maintaining an appropriate level of internal controls over their systems.
Organizations also must provide evidence of consistent review and evaluation of their existing IT systems against any potential threats.