WHAT IS SOC CYBERSECURITY?
Manage Risks and Strengthen Your Cybersecurity Posture
SOC for Cybersecurity is a set of auditing standards developed by the American Institute of CPAs (AICPA) in 2017. It is designed to help organizations demonstrate their commitment to cybersecurity and assure customers and stakeholders that their systems and processes are secure.
The SOC for Cybersecurity examination offers guidelines on how to create and document your cybersecurity risk management program, filled with controls and objectives to stay on track for prime cybersecurity.
This type of cybersecurity audit involves comprehensive cybersecurity risk management efforts that must be conducted only by a licensed CPA firm. I.S. Partners specializes in conducting SOC assessments for all types of industries.
WHO NEEDS SOC FOR CYBERSECURITY?
Cybersecurity Compliance Assessment for All Organizations
The SOC for Cybersecurity examination and report is appropriate and useful for a wide variety of organizations that rely on a critical infrastructure for core business operations.
A SOC for Cybersecurity report is for general use by a broad range of stakeholders, including management, directors, analysts, investors, business partners, and regulators. The reports provide assurance that the organization’s security posture is well-designed.
Companies that will benefit from the SOC assessment includes the following:
- Educational Institutions
- Healthcare Organizations
- Insurance Providers
- Financial Institutions/ FinTech
- Government Agencies and Contractors
- Manufacturing
- Technology
- Energy and Utilities
- Telecommunications
- Legal Services
- Transportation and Logistics
- Media and Entertainment
Solidify your cybersecurity posture with the help of experts. Contact us today.
SOLUTION
Professional SOC for Cybersecurity Audit by I.S. Partners’ Experts
SOC for Cybersecurity provides an entity-wide assessment for any type of organization. As such, a critical aspect of performing this type of cybersecurity assessment is having the experience of working with different industries to understand what they need.
I.S. Partners is one of the leading SOC for cybersecurity compliance providers, and our teams have worked with all types of industries. Allow our expert CPAs to develop an optimal path for your compliance management for SOC cybersecurity, as well as other frameworks.
Allow us to tailor SOC for cybersecurity assessment compliance according to your operations.
BENEFITS
Tailored Cybersecurity Assessment For Your Operations
SOC for Cybersecurity demonstrates a commitment to securing sensitive information and providing assurance to customers and stakeholders that their data is protected. The framework allows for transparency in cybersecurity risk management, helping address vendor and supply chain risks effectively.
I.S. Partners prioritizes providing you with the following:
WHAT’S INCLUDED
Critical Components of the SOC for Cybersecurity Assessment
I.S. Partners’ SOC for Cybersecurity Compliance Services focuses on evaluating and strengthening your cybersecurity posture according to the highest applicable standards. Fulfill all three core components of the SOC for Cybersecurity assessment.
Description Criteria
A narrative description written by management of the organization’s cybersecurity risk management program. This includes how assets are identified, risks are managed, and key control processes.
Control Criteria
Organizations may use the Trust Services Criteria (formerly Principles) as control criteria, which is commonly used to evaluate the effectiveness of a company’s cyber security controls. Your company can establish any cybersecurity framework, such as ISO 27001, Global Data Protection Regulation GDPR, or NIST CSF, which will be evaluated according to the SOC 2 TSCs.
Attestation Guide for CPAs
The AICPA developed a guide called “Reporting on an Entity’s Cybersecurity Risk Management Program and Controls” to assist CPAs engaged to examine and report on an entity’s cybersecurity risk management program, known as a SOC for Cybersecurity examination. The guide provides a framework for these engagements.
TIMEFRAME & FREQUENCY
SOC for Cybersecurity Timeframe and Frequency
Timeframe
2 to 4 months (Average)
A SOC for Cybersecurity examination usually takes between 2 to 4 months to complete from start to finish. This estimation can be longer depending on the complexity and maturity of the company.
Frequency
Annually
It is generally recommended that organizations undergo a SOC for Cybersecurity examination at least once per year. Annual examinations help provide assurance to stakeholders that the organization is continuously managing its cybersecurity risks effectively.
PRICING
SOC Cybersecurity Compliance Cost
SOC for Cybersecurity examination fees typically fall between $20,000 and $60,000. This represents the average cost for many small to mid-sized organizations undergoing an annual examination.
The total cost may also increase when readiness assessments and planning stages are factored in. Expect a higher audit cost for more complex operations.
WHY CHOOSE US
Hassle-Free and Advanced SOC Assessment Solutions
Choose I.S. Partners for your SOC for cybersecurity assessments. Our extensive expertise in implementing and optimizing robust security operations guarantees comprehensive protection against evolving threats.
With our specialized knowledge, we enhance your operational efficiency, ensure stringent compliance with cybersecurity regulations, and reinforce your commitment to security, providing assurance to your stakeholders.
Full U.S.-based team
Ensures a better understanding of the local business nuances and regulations.
No Outsourcing
Work with the same dedicated team throughout the entire process.
One-stop shop
Saves time and effort by offering all requisite services under one roof.
Nearly 20 years of experience
Gives you access to our deep industry insights and tried-and-tested methods.
Compatibility with your compliance software
Offers the flexibility to integrate with existing software like Drata, Vanta, or any other.
Software Included (FREE!)
Benefit from our proprietary software at no additional cost.
PROCESS
Steps to SOC for Cybersecurity Audit Success
A SOC for Cybersecurity audit is performed in accordance with the appropriate AICPA Statements on Standards for Attestation Engagements. Your daily efforts go a long way toward establishing and fostering an atmosphere focused on optimal cybersecurity.
I.S. Partners has developed the most optimal path to complying with SOC for cybersecurity standards. Below is a general outline of the audit process:
- Readiness Assessment: Evaluate your organization’s preparedness for a cybersecurity examination.
- Program Evaluation: Analyze the effectiveness of your current cybersecurity protocols.
- Stakeholder Communication: Maintain transparency with stakeholders about cybersecurity measures.
- Framework Adoption: Ensure the use of a recognized cybersecurity control framework.
- Continuous Monitoring: Provide real-time monitoring to detect and respond to threats.
- Incident Response: Develop and refine incident response strategies.
- Regular Audits: Conduct routine security audits and updates.
- Reporting: Generate detailed reports to review and improve cybersecurity measures.
TESTIMONIALS