What Does SOC 2 Stand for?

It stands for System and Organization Control 2 which is a reporting framework established by American Institute of Certified Public Accountants in 2010. Its purpose is to guide auditors in evaluating security protocol effectiveness of an organization. This report is for companies that handle customer data and store that data in the cloud. It covers security, privacy, confidentiality, processing integrity and availability. These trust service principles define the criteria used to manage customer data.

The purpose of SOC 2 is to help customers trust their service provider. Companies complying with this framework can be trusted and given projects where they receive customer data of their clients.…