Financial Data Security: Deep Dive on SOC Reports

0
97

In today’s public cloud, data security and privacy are challenging to protect. Many organizations are storing a significant amount of data in the public cloud and even unmanaged environments, increasing challenges for regulatory compliance. At the same time, there are privacy mandates, such as GDPR, which can add to the complexities of governing data. Without a proper data governance program; however, organizations may face difficulties in meeting these privacy compliance mandates.

Providing independent third-party assurance, such as a System and Organization Controls (SOC) 2 report helps address these concerns and gives assurance to help organizations mitigate data security and privacy risk.

In this blog, we will give an overview of the System and Organization Controls for Cybersecurity (SOC) Reporting to help your organization better understand how it can help with data security. We will cover the SOC framework for the management and reporting of cybersecurity practices that allow companies to track and monitor the effectiveness of their information safety activities.

Rising Cybercrimes and Financial Data

No business is immune from a data breach. A study done in 2019…

Read More…