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If your organization is looking for a way to showcase your commitment to security and compliance to the general public, a SOC 3 report might be the perfect solution. SOC 3 reports offer a high-level summary of your system and controls, tailored for sharing with a broad audience.

As you likely know, there are different System and Organization Controls (SOC) report options, such as SOC 1 and SOC 2/SOC 3. What may be lesser known is that within those SOC report options, there are also different types, referred to as Type 1 and Type 2. In other words, the specific use of “Type” as a distinguisher are different specified options for both the SOC 1 and SOC 2 reports.

Cloud computing has become an essential aspect of modern business operations, offering scalability, flexibility, and cost-efficiency. However, with the increased reliance on cloud services comes the growing need for security and compliance assurances. As such, Cloud Service Providers (CSPs) now face the challenge of proving they can securely handle customer data while maintaining reliable operations.

The American Institute of Certified Public Accountants (AICPA) has designed three distinguished SOC reports to accommodate the varying needs of service organizations, each with their own purpose and intended use. As such, when service organizations begin researching System and Organization Controls (SOC) reports, their first consideration often centers around determining which SOC report(s) is best for their needs.

Although undergoing a SOC 2 examination is not a mandatory security framework and as such, is not a legal or regulatory requirement for every business, it is often considered a necessity for companies. This is especially true for organizations that regularly store customer data and handle sensitive information.