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

Blogs Cybersecurity

The rise of social engineering attacks and how to beat them

90% of phishing attacks, yes, you read that right, incorporate elements of social engineering, revealed Microsoft. Simply, social engineering is the art of manipulating people to give them what they want. So instead of hacking systems, they hack into humans, first by winning their trust, then exploiting it for their purpose, and then clearing their…

Blogs

Common Control Framework: The Complete Implementation Guide

If you handle sensitive data, you might find yourself in the alphabet soup of regulations – SOC 2, GDPR, HIPAA, NIST, CCPA, ISO, and more. Some mandatory and others voluntary, but complying with multiple frameworks is a lot of work and often spirals into chaos unless you have a methodical approach to systematically manage it…

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