When reviewing vendor certifications for handling and processing of company data, which of the following is the BEST Service Organization Controls (SOC) certification for the vendor to possess?
When reviewing vendor certifications for handling and processing of company data, which of the following is the BEST Service Organization Controls (SOC) certification for the vendor to possess?
When reviewing vendor certifications for handling and processing of company data, the best Service Organization Controls (SOC) certification for the vendor to possess is SOC 2 Type 2. This certification evaluates not only the design of the security controls but also their effectiveness over a period of time, typically six months to a year. SOC 2 Type 2 offers comprehensive coverage of the vendor's ability to manage data securely and maintain privacy which is critically important for handling and processing company data. Therefore, it is the most stringent and sought-after certification for ensuring the vendor has adequate security measures in place.
C is correct - sharing my notes from Prabh Nair (check out his coffee shot video) There is no type 1 or 2 for SOC 3, and it's used high-level report generally available on public domain/ website. SOC 1 & 2 has type 1 and type 2. Type 1 is the design of control while Type 2 is the effectiveness of the control. SOC 1 is good for financial/ books of account. SOC 2 talks about IT
C is correct
C https://www.strongdm.com/blog/soc-1-vs-soc-2
min 6 month
C is correct
C is my answer based on he data protection purposes of SOC 2 type ii SOC 2 offers a Type 1 and Type 2 report. The Type 1 report is a point-in-time snapshot of your organization’s controls, validated by tests to determine if the controls are designed appropriately. The Type 2 report looks at the effectiveness of those same controls over a more extended period - usually 12 months.
Yep - I like C
Data handling is SOC2 type 1 or 2 but type 2 is prefered. SOC 2 Type II (3 - 12 months monitoring period). Assesses the effectiveness of security processes by observing operations for at least three months. 6 - 12 months recommended.
Answer is C: When reviewing vendor certifications for handling and processing of company data, the best Service Organization Controls (SOC) certification for the vendor to possess is the SOC 2 Type II certification. This certification is the most stringent in regards to data security and privacy, and is the most highly sought after by companies. It provides assurance that the vendor has appropriate processes, procedures, and controls in place for the data that they process. It also provides assurance to customers that the vendor is upholding the standards set by the American Institute of Certified Public Accountants (AICPA). The SOC 2 Type II certification is the gold standard in regards to data security and privacy, and is the best certification a vendor can possess.
C is correct answer.
I think the answer is D (SOC3) because SOC2 reports are always for internal mgmt, not for outsiders. Here, we are the outsiders and the organization will only share SOC3 with us. SOC3 reports are always type-II.
C is the most detailed one and can validate that in the previous year the vendor performs fine according to soc 2 type 1 requirements
SOC 2 Type 2