SOC FOR CYBERSECURITY
SOC Report for Cybersecurity and Why It’s Needed
The SOC Report for Cybersecurity is a fairly new entry to the field of SOC reporting, but one that seems to be rising in popularity.
Based heavily upon the framework used for SOC 2 security reporting, the SOC for Cybersecurity is designed especially for enterprise-level publicly traded corporations and large nonprofit entities, and more specifically for the board members and/or upper level managers of these organizations.
Its purpose is to communicate what enterprise-level controls are in place to accomplish cybersecurity throughout the organization and how well these controls are working in practice.
The auditors at Maloney + Novotny bring together decades of experience from information technology and cyber security organizations, which make us highly qualified to provide SOC for Cybersecurity Reports to our clients.
Because of this specific audience, most SOC for Cybersecurity reports are meant for informational purposes only, to help the organization see what processes are in place and help inform what improvements should be made.
For that reason, in most cases the reporting process includes a Readiness Assessment followed by issuing the SOC report, but does not include the Type 1 or Type 2 audit found in most SOC 1 and SOC 2 reports.
The Readiness Assessment is an overall assessment across a number of prescribed criteria that provides an understanding of the relevant systems and controls in place that help you deliver your services, while protecting electronically stored data. We also look for any possible gaps in operational controls that should be addressed or corrected.
During the RA, we work with you to look at the controls in place at your organization and provide a baseline that can help you to spot deficiencies and make improvements.
Most clients that request this type of SOC report are seeking an organized framework that will help make it easier to communicate how they’re accomplishing cybersecurity throughout their organizations, and whether the controls in place are working as they should.
In most cases the engagement ends with the RA, after which the client uses the results to make changes within the organization’s cybersecurity controls.
The auditors with Maloney + Novotny bring together decades of experience from information technology and cyber security organizations, which make us highly qualified to provide SOC for Cybersecurity Reports to our clients.
Who Benefits from SOC Cybersecurity Reports
- Enterprise-level publicly traded corporations
- Large non-profit organizations
- Third-party Vendors
- Cloud Providers