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The Business Case for SOC 2

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Business Case for SOC 2

Overview

SOC 2 Reporting represents one of the fastest growing and most popular forms of providing information assurance over a company’s Information System to prospects, clients, partners, and other stakeholders. In an age where third-party due diligence is a business imperative, organizations are increasingly being pressured by regulators and other stakeholders to conduct due diligence on their partners and vendors. This often comes in the form of annual security questionnaires and requirements for vendors to fill out a vendor security packets. 

In an effort to streamline this time-consuming and lengthy process, organizations often accept or require third-party assurance reporting, such as SOC 2, or information security certifications, such as ISO 27001, in lieu of or as a complement to other vendor risk management requirements.