Capitalizing on a Valuable Marketing Tool
What is a SOC 3 Report?
Similar to a SOC 2, a SOC 3 report focuses on the controls relevant to the AICPA’s Trust Services Criteria over security, availability, processing integrity, confidentiality, and privacy. Unlike a SOC 2, a SOC 3 report can be made publicly available for marketing an organization’s compliance and operations surrounding security. In order to obtain a SOC 3 report, an organization must first have a SOC 2 review completed.
What is the Difference Between a SOC 2 and SOC 3 Report?
The main difference between a SOC 2 and SOC 3 report is that a SOC 3 report has a significantly less detailed description of controls related to compliance and operations. Additionally, a SOC 3 does not include detailed testing procedures or results of testing.
Who Would Benefit from a SOC 3 Report?
Organizations whose primary goal is marketing their system/product against an industry-approved standard should select this reporting option. A SOC 3 report is a good fit for an organization if they want to make their report generally available (i.e., posted on the public internet).