SOC2

System and Organization Controls 2

Summary

Framework for managing and protecting data, especially for service providers.

Applies to

Service organizations handling client data.

Example

A cloud provider ensuring data protection for clients.

Benefits

Improved client trust, marketability.

Non-Compliance Risk

Risk of losing client trust, financial consequences.

Fines

Varies based on the level of non-compliance.

Effective date

Continuous compliance

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