SOC for the Supply Chain: Strengthening Security and Compliance
To aid organizations, its customers, and business partners, in identifying, assessing, and addressing supply chain risks, the AICPA has developed a solution to cultivate greater transparency in the supply chain —a flexible, market-driven, and voluntary privacy framework commonly known as SOC for supply chain. This framework helps organizations exchange information about their supply chain risk…
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Feb 11, 2024
Why SOC 2 for SaaS Companies is the Need of the Hour
$4.87 million! That’s the average cost of a cloud-based data breach with a lifecycle of over 200 days. With a cyber attack happening every 39 seconds, cybersecurity has become a widely debated subject, with security, compliance, and risk management as the top priorities going forward. That’s where SOC 2 comes in. A SOC 2 SaaS…
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Feb 08, 2024
A Quick Guide to SOC 2 Vendor Management
Over the last two years, it is estimated that 98% of organizations have experienced a data breach attributed to third-party risks. Organizations often overlook the importance of vendor management while framing the risk management process. And this can come with devastating consequences. At some point, cyber threat actors try to exploit and gain access to…
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Feb 07, 2024
Aceing Risk Assessment Ahead of Your SOC 2 Audit
In the cult movie Wall Street, Gordon Gekko unapologetically proclaims, “I don’t throw darts at a board. I bet on sure things.” Don’t worry. This isn’t an article in adoration of his shameless villainy. We want to point your focus to what he was quite good at – hedging his risks before making a play….
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Jan 14, 2024
Proving Compliance: Why SOC 2 Evidence Collection Matters
Years ago, collecting evidence was a walk in the park. But we can’t say the same now as most of the data is stored on the cloud. Not to mention the tedious effort involved; almost all application is constantly exposed to risk consistently. A need to secure sensitive information and demonstrate it to present a…
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Jan 09, 2024
SOC 2 vs NIST: What’s the Difference?
The world of the cloud has enabled the B2B environment with agility, interoperability, integration capabilities, and more. But, this also demands increased security abilities to protect the confidentiality and integrity of sensitive data and comply with the globalcom standards. Often choosing the right compliance framework to demonstrate this becomes a blocker for business owners. Choosing…
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Jan 08, 2024