Establishing the Criteria for SOC 2
The Key to Securing Your Customers' Data
As a business that handles sensitive customer data, you have a responsibility to protect that information from cyber threats. SOC2 (Service Organization Control 2) is a critical framework that helps businesses ensure the security, availability, processing integrity, confidentiality, and privacy of customer data.
What is SOC2 Compliance?
SOC2 compliance is a comprehensive framework that evaluates a business’s security and data management practices. It defines criteria for managing customer data based on five “trust service principles”: security, availability, processing integrity, confidentiality, and privacy.
When Should You Be SOC2 Compliant?
SOC2 compliance is an ongoing process that requires constant attention and effort. It’s essential to be compliant at all times to protect sensitive customer data from cyber threats.
Why is SOC2 Compliance Important?
SOC2 compliance is essential for several reasons. First and foremost, it helps to protect sensitive customer data from cyber threats, which can have serious consequences for customer trust and loyalty. Compliance also helps businesses establish a competitive edge in the marketplace, as more customers are demanding higher levels of security and data protection.
What Happens if You're Breached and Not Compliant?
If you’re breached and not compliant with SOC2, you could face significant legal, financial, and reputational consequences. These could include hefty fines, legal action, damage to your reputation, and lost business.
How Will a Breach Affect Your People, Customers, Reputation, and Financials?
A breach of sensitive customer data can have far-reaching consequences for your business. Your employees and customers may be affected by the breach, and your reputation could suffer as a result. This can lead to lost revenue, legal action, and long-term damage to your reputation.
The Solution: Lionfish Risk Management Enablement Platform
At Lionfish, we understand the importance of SOC2 compliance and the challenges that come with it. That’s why we’ve created a comprehensive risk management enablement platform to help businesses achieve and maintain compliance.
Our platform includes everything you need to protect your customers’ sensitive data, including risk assessments, compliance training, and ongoing support. We’ll work with you to create a customized compliance program that meets the unique needs of your business.
Schedule a Meeting for More Information
If you’re ready to take the first step toward SOC2 compliance and protecting your customers’ sensitive data, click the link below to schedule a one-on-one appointment with our team. We’ll discuss your needs and show you how our risk management enablement platform can help bring order to the chaos and ensure compliance for your business.