SOC 2 Compliance for Startups: A Strategic Guide
For startups, achieving SOC 2 (Service Organization Control 2) compliance might seem like a daunting task amidst the many challenges of scaling a new business. However, obtaining SOC 2 certification can provide significant benefits, including enhanced customer trust, improved security practices, and a competitive edge in the marketplace. This article provides a strategic guide to help startups navigate the SOC 2 compliance journey effectively. What is SOC 2? SOC 2 is a framework designed by the American Institute of Certified Public Accountants (AICPA) that sets standards for managing and protecting customer data. It is specifically tailored for technology and cloud-based companies that handle sensitive information. SOC 2 compliance is based on five Trust Service Criteria (TSC): Security: Protection against unauthorized access and data breaches. Availability: Ensures that systems are operational and available as agreed. Processing Integrity: Validates that data processing is accura