While outsourcing can drive efficiency and innovation, it also introduces significant risks, particularly concerning data security and compliance. Many security frameworks have taken up the responsibility of helping organizations manage threats in this context, and SOC 2 is no different. 

This article explores the intersection of SOC 2 compliance and third-party vendor risk management, providing advanced insights for business and technical decision-makers.

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In 2023, the American Institute of CPAs (AICPA) launched a revision of its SOC 2 standard. This revision focused specifically on security issues and emphasized “points of focus” to boost SOC 2 audits’ ability to address modern security threats.

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Modern enterprise relies increasingly on a complex network of vendors and service providers to handle their infrastructure. From security and cloud computing to applications and logistics, these providers will often take the most important data that the enterprise generates or processes. 

That’s why organizations must look at their vendors with more scrutiny. For example, getting involved with vendors that adhere to SOC 2 standards is a solid way to ensure that these providers maintain proper data security practices.

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