SOC (Service Organization Control) Reports

Service Organization Control (SOC) reports are independent audits that assess how a service provider manages data to protect the privacy and interests of its clients. There are different types of SOC reports, such as SOC 1, SOC 2, and SOC 3, each focusing on specific aspects like financial reporting, data security, or overall compliance. These reports help businesses evaluate the controls in place to safeguard sensitive information, ensuring transparency and trust between service providers and their customers. Essentially, they serve as a quality assurance tool to confirm that a company is handling data responsibly and securely.