Glossary of Compliance

Compliance Glossary

Our list of curated compliance glossary offers everything you to know about compliance in one place.

Glossary » SOC 2 » Risk Assessment

Risk Assessment

Risk assessment in SOC 2 is the process a service organization uses to identify potential gaps in their security system and non-conformities. It is used to identify and evaluate existing and potential vulnerabilities that can negatively impact the organization’s controls. This is an essential criteria in SOC 2, and the lack of a robust risk assessment process could lead to financial loss due to data theft, legal consequences, and interruption in business continuity. The steps involved in performing a risk assessment are: 

– Define your business objectives

– Identify in-scope systems

– Perform risk analysis

– Document risk responses

Additional reading

SOC for cybersecurity
Blogs SOC 2

SOC for Cybersecurity: Requirements, Report, & Examination

A growing concern for service and non-service organizations alike is the increasing threat to data. With an increase in cloud exploitation by 95% businesses are under pressure to take adequate measures against malicious actors. One way to demonstrate their seriousness toward security is through a globally accepted framework like SOC for cybersecurity.  In this article,…
CMMC Compliance Checklist
Blogs

Your CMMC Compliance Checklist: Conquer The Challenges

If you’re a defense contractor, staying compliant with the Cybersecurity Maturity Model Certification (CMMC) is important to continue working with the Department of Defense (DoD).  CMMC is expected to be finalized by late 2024 and included in contracts by early 2025, so it’s time to start preparing. To help you prepare, here’s a straightforward introduction…
What is Incident Management Policy
Blogs

Incident Management Policy – Download Free Template

Security incidents are inevitable. That doesn’t mean businesses can’t minimize the impact of these incidents soundly. Companies must be ready to respond effectively to cyber incidents to restore critical business functions. The best way to be fully prepared for incidents is by having a detailed incident management policy ready for reference. What exactly is this…

Sprinto: Your growth superpower

Use Sprinto to centralize security compliance management – so nothing
gets in the way of your moving up and winning big.

Contact sales