Understanding SOC 2 Compliance

In today's digital era, where data security and privacy are paramount, understanding and adhering to SOC 1 and SOC 2 compliance standards has become crucial for organizations, especially for those involved in hosting and data management services. These standards, developed by the American Institute of Certified Public Accountants (AICPA), play a significant role in ensuring the security, availability, and integrity of the data managed by service organizations. For businesses, particularly those selecting hosting providers, understanding these compliance frameworks is essential for making informed decisions and maintaining customer trust. The Cavan Group looks to ensure that our clients understand the criticality of SOC1 and SOC2 compliance when looking at third-party partners.