September 28, 2021
Protecting consumer data should be of utmost importance for organizations. In a world of increasing cybersecurity threats and data breaches, now is the time more than ever to put policies and procedures in place to ensure your customers are protected. If a company does not take measures to protect consumer data this could leave important information vulnerable to hacks and ultimately allowing for distrust in the organization. Organizations that are Soc 2 certified can bring consumers and fellow institutions at ease knowing that all measures are being taken to keep their data safe.
Soc 2 was developed by the American Institute of CPA’s (AICPA) to provide for how organizations should manage customer data. Firms that are Soc 2 compliant pursue rigid auditing procedures to ensure that data is securely managed throughout their organization in connection with the organization’s service providers.
Security, Availability, Processing Integrity, Confidentiality, and Privacy
Managed Services, Banking and Financial Services, Software-as-a-Service (SaaS), Data Centers and Colocation Facilities, and Healthcare are all industries that benefit from Soc 2 compliance and protecting consumer data.
Step 1) Bring In Credible Outside Auditors
Step 2) Select Security Criteria for Auditing
Step 3) Building a Roadmap to Soc 2 Compliance
Step 4) The Formal Audit
Step 5) Certification and Recertification - Annual Audits
ModernTax recently received it’s Soc 2 Type I certification and is on the way to receive Soc 2 Type 2 certification. This allows for ModernTax to continue serving its clients & their customers with the highest level of security and protection.