Audits and compliance are just part of doing business for financial organizations. Clients and partners must know that they can trust you to manage their critical information, keep it secure, and maintain its confidentiality. Frameworks like Systems and Organization Controls, or SOC, help organizations meet these expectations in a standardized way. 

While SOC 2 is generally the more popular all-purpose attestation for businesses, SOC 1 attestation is just as necessary, if not more, for financial service providers. 

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SOC 2 is one of the most well-known and well-respected compliance frameworks for businesses wanting to show partners and clients that they take security seriously. With the help of expert auditors and supportive security professionals, SOC 2 can quickly become a standard part of doing business in nearly any industry. 

Organizations attempting to meet SOC 2 requirements will find that they will always seek one of two types of SOC 2 reports, Types 1 and 2. Learn more about these reports here. 

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Last November, the unveiling of CMMC 2.0 raised many questions but also brought a lot of relief. Streamlining security around Controlled Unclassified Information (CUI) will help defense agencies and contractors better secure their systems without burdening them with operational overhead. This is crucial for organizations who want to support these agencies but don’t know much about either NIST SP 800-171 or NIST SP 800-172, the core documents of CMMC.

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