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SOC 1/SOC 2 Compliance Services
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SOC 1/SOC 2 Compliance Services

SOC 1 and SOC 2 are both auditing standards that are used to assess the controls of organizations that process, store, or transmit sensitive data. SOC 1 is more focused on financial reporting, while SOC 2 is more focused on general IT controls.

  • SOC 1: This standard is designed to assess the controls of organizations that process, store, or transmit financial data. It is used by organizations that are required to report their financial information to investors or other stakeholders.
  • SOC 2: This standard is designed to assess the controls of organizations that process, store, or transmit any type of sensitive data. It is used by organizations that want to demonstrate their commitment to security and privacy to customers, partners, and regulators.

Both SOC 1 and SOC 2 audits are conducted by independent auditors who assess the organization’s controls against a set of criteria. The auditors then issue a report that details their findings.

SOC 2 reports are classified into two types:

Type I – describes the organization’s systems as well as whether the system design adheres to the appropriate trust criteria.

Type II – describes these systems’ operational efficiency.

Organizations that achieve SOC 1 or SOC 2 compliance can demonstrate their commitment to security and privacy. They can also improve their ability to attract and retain customers, partners, and investors.

What we do

Here are some of the services that RNR offers as your SOC 1/SOC 2 compliance service provider:

  • Risk assessment: We conduct a risk assessment to identify and assess the risks to an organization’s sensitive data. This includes identifying the threats, vulnerabilities, and impacts of a cyberattack or data breach.
  • Gap analysis: We conduct a gap analysis to identify the gaps between an organization’s current practices and the requirements of SOC 1 or SOC 2. This can help the organization prioritize its compliance efforts.
  • Implementation support: We as your compliance service provider can provide implementation support to help an organization implement the requirements of SOC 1 or SOC 2. This can include providing training, tools, and templates.
  • Auditing: We conduct audits to assess an organization’s compliance with SOC 1 or SOC 2. This can help the organization identify areas where it can improve its compliance.
  • Remediation: We help an organization remediate any gaps in its compliance with SOC 1 or SOC 2. This can include providing recommendations and assistance with implementing changes.

By using our services, organizations can improve their SOC 1/SOC 2 compliance posture and reduce their risk of being fined by regulators or losing customers due to a data breach. Get in touch with us.