SOC 2 (Type I & Type II) Services

Matayo helps businesses to successfully maneuver the SOC 2 process, by corroborating they meet industry standards for security, availability, processing integrity, confidentiality, and privacy.
SOC 2 (Type I & Type II) Services

SOC 2 (Type I & Type II) Services: Ensuring Trust and Transparency in Data Security

In case your organization has sensitive customer information, showing that you take security seriously is not a nice-to-have, but rather a prerequisite. Matayo’s SOC 2 services provide comprehensive support towards meeting these demands and instilling faith in your clients and stakeholders.

What is SOC 2, Type II?

SOC 2 Type 2 is a security framework created by the American Institute of Certified Public Accountants, which looks at how a company protects data in the meantime keeping tabs on systems to operate placidly hopefully without any hitchhikes.

Key Features of SOC 2, Type II

Mobile Application VAPT Services

Security

Whether physically or virtually, security is mostly about keeping your system free from illegal access. It guarantees that your information remains private, intact, and free from any unwanted access.

Mobile Application VAPT Services

Availability

When your users need it, your system must be operational; with no unplanned downtime, and no sluggish performance. Availability guarantees that your system satisfies the performance criteria and uptime you have promised your customers.

Mobile Application VAPT Services

Processing Integrity

Nobody wants errors, delays, or missing data. Processing integrity ensures that everything your system does is accurate, timely, and properly authorized, so your data flows smoothly without issues.

Mobile Application VAPT Services

Confidentiality

Sensitive business data should always be confidential. It ensures that only the right people have access to the data, keeping it safe from unauthorized disclosure.

Mobile Application VAPT Services

Privacy

It refers to the need to manage personal data responsibly. It guarantees that any customer information is collected, stored, used, and deleted within the limits of privacy laws and your company pledge, making sure that customer data retains its confidentiality in all respects.

Type II Reporting

SOC 2 Type 2 is not only a one-time check; instead, it looks at your security measures over a period of 6 to 12 months. This is different from Type I, which is more of a snapshot in time rather than a long-term evaluation.
It’s not just about having security policies in place; it’s about proving they actually work in practice. Type II digs deep into your organization’s security controls to see if they hold up over time.
An independent third-party auditor goes through your security processes with a fine-tooth comb, making sure everything aligns with SOC 2 standards.

Once the SOC 2 audit is done, you’ll get a detailed report that includes:

  1. An opinion letter from the auditor
  2. A statement from management about security measures
  3. A description of your system
  4. Tests of your security controls and the results of those tests

Importance of SOC 2, Type II

Customers want to know their data is in safe hands. Having SOC 2 Type II shows that your organization takes security seriously, making it easier for clients and stakeholders to trust you.
A SOC 2 Certification proves that you uphold quality services, something that can help draw and keep clients and provide you with a competitive edge.
Staying compliant is absolutely essential given the growing tighter data protection regulations. SOC 2 Type II lets your company stay free from any compliance issues and satisfies industry standards.
The SOC 2 certification helps you spot and fix vulnerabilities in your systems, making sure you’re always ahead of potential security threats.
Going through the SOC 2 Type II process isn’t just about ticking boxes—it also helps fine-tune your security and data management practices, making your operations smoother and more reliable.

Who Needs SOC 2, Type II?

  • Cloud Service Providers: If you’re running a cloud-based platform like AWS, Azure, or Google Cloud, your customers want proof that their data is safe and private. SOC 2 Type II helps you reassure them.
  • SaaS Companies: Businesses offering Software as a Service manage a lot of consumer information. This accreditation shows that consumers may rely on you with their information as your security is rock solid.
  • Data Centers: If you store or manage data for other businesses, security is everything. SOC 2 Type 2 tells your clients that their data is protected and handled responsibly.
  • Managed Service Providers (MSPs): Providing IT services like data hosting and management. SOC 2 Type II proves that your security measures are legit and that you take data protection seriously.
  • Financial Services & Fintech: Managing financial data has great security obligations from payment processors to fintech businesses. SOC 2 Type II helps you stay compliant and forge trust with customers.
  • Healthcare Providers: When dealing with electronic health records (EHRs) or other sensitive medical data, the matter of privacy cannot be up for any negotiations. It helps ensure that best practices and compliance are followed for regulating patient data and for its safety.
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  • E-Commerce Platforms: Online stores collect a ton of personal and payment data. A SOC 2 certification reassures customers that their credit card details and personal info are safe, making them more likely to trust (and buy from) you.
  • Marketing & Advertising Firms: If your company is doing targeted advertising and customer database management, the data it deals with is sensitive. SOC 2 Type II is instrumental in providing the proof needed to show information remains secure and under compliance.
  • Legal Firms: Law firms deal with the utmost privileged client information, and leaks are not tolerated. With a SOC 2 Type II, you can demonstrate strict data shielding measures that keep legal documents safe.
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Why is SOC 2, Type II Important?

Competitive Advantage

Companies with SOC 2 Type II certification stand out in the market, demonstrating their commitment to high security standards.

Regulatory Compliance

SOC 2 Type II helps organizations comply with various industry standards and regulations, such as GDPR, HIPAA, and CCPA.

Risk Management

SOC 2 Type II audit process helps identify potential vulnerabilities and risks within the organization’s systems.

Mitigating Risks

Implementing the recommended controls and practices mitigates identified risks, enhancing overall security posture. Operational Improvement.

Security Practices

The certification process encourages the implementation of best practices in data security and management. Efficient Operations.

Investor Confidence

SOC 2 Type II certification provides assurance to investors that the organization takes data security seriously.

SOC 2 Type 1 and Type 2 FAQs

What is SOC 2?

SOC 2 (Service Organization Control 2) is fundamentally a security framework to benefit service organizations by making sure that customer data is secure and safe from malfeasance. The entire framework is governed by 5 key principles that ensure the safe handling of data: security, availability, processing integrity, confidentiality, and privacy.

What is the difference between SOC 2 Type 1 and Type 2?

SOC 2 Type 1 is a snapshot— it checks if your security controls are designed properly at a single point in time.

SOC 2 Type 2 is the real test— it looks at how well those security controls actually work over a period of time (usually 6-12 months).

General SOC 2 FAQs

What is SOC 2?

SOC 2 (Service Organization Control 2) is a security, and compliance framework developed by the AICPA. Simplistically, it helps businesses to prove that they have been applying the right controls so that customers’ data are always further secure, private, and accessible whenever needed.

Who needs SOC 2 compliance?

Those businesses or organizations that not only store but also process and transmit sensitive user data. It is particularly needed by SaaS companies, cloud-based service providers, and third-party vendors.

What are the five Trust Service Criteria (TSC) in SOC 2?

The following are the top 5 Trust Service Criteria (TSC) in SOC 2:

  1. Security (this one’s mandatory)
  2. Availability
  3. Processing Integrity
  4. Confidentiality
  5. Privacy

Although not legally required, many groups take their business with the vendor with SOC 2 compliance very seriously. It is undoubtedly a part of their vendor risk management procedures.

Who conducts a SOC 2 audit?

A firm of Certified Public Accountants specializing in SOC reporting should conduct the audit. You need an outside expert to warrant that the security controls you use meet SOC 2 evidence.

SOC 2 Type 1 FAQs

What is SOC 2 Type 1?

The inspection of the controls at a specific time is termed Type 1 SOC 2. That is, the auditors will provide their opinion on the design and placement of controls as of the date of the SOC 2 audit. It is based more on whether the systems exist and whether they were designed properly, rather than whether they work effectively over time.

How long does a SOC 2 Type 1 audit take?

Usually around 2–3 months, but it really depends on how ready the company is.

What’s in a SOC 2 Type 1 report?

The report has three main things:

  1. A breakdown of the company’s security controls (what they’re doing to keep things safe).
  2. A statement from management saying, “Yep, these are our controls.”

The auditor’s take on whether those controls are designed effectively.

Why bother with SOC 2 Type 1?

It makes a strong statement that you are really interested in security, which earns the trust of customers. It also gives a good head start if you are stepping into the world of compliance management. Just think of it as the paving for harsher audits.

Can I just skip Type 1 and go straight to Type 2?

Strictly speaking, yes, you can skip, but most companies don’t. Type 1 is a sort of warm-up-it allows you to ensure your controls are in order before you tackle the deeper, longer Type 2 audit. Skipping it might mean you’ll walk into Type 2 not knowing your controls are in operation, and that is not fun.

SOC 2 Type 2 FAQs

What is SOC 2 Type 2?
Also known as Service Organization Control 2, the SOC 2 Type 2 report highlights how cloud-based service providers deal with sensitive, confidential data. It gives detailed insights into the efficiency of security controls’ operations over a time interval of 6-12 months.
How long does it take to achieve SOC 2 Type 2?

It usually takes 6 to 12 months, depending on how long you track and test your security measures before the endmost audit.

What does the SOC 2 Type 2 audit check?

It evaluates their real perforfmance over time rather than only proving they exist, going a step beyond the previous type.

How often do companies need a SOC 2 Type 2 audit?

Most businesses do it once a year to stay compliant and reassure customers that their security is still solid.

Why is SOC 2 Type 2 better than Type 1?

Type 1 only proves that security measures are in place at a single moment, while Type 2 shows they actually work overtime—giving customers more confidence in your security.

Implementation & Compliance FAQs

How does SOC 2 differ from ISO 27001?

While SOC 2 is a security audit report mostly utilized in the United States, ISO 27001 is a worldwide security certifying tool.

How do companies get ready for SOC 2?

They first look for security flaws, fix weak points, staff training, and make use of security tools such as multi-factor login and activity tracking.

What if a company doesn’t pass the SOC 2 audit?

They get a report on what’s missing, fix the issues, and request another audit to get certified.

Is SOC 2 only for U.S. businesses?

Of course not, companies worldwide use SOC 2, but it’s more common in North America.

Can SOC 2 reports be shared publicly?

No, they are privileged and only shared with trusted clients and partners under an agreement.

Security & Technical FAQs

Does SOC 2 require penetration testing?

Not technically, but it’s a smart move. It helps spot security weaknesses before hackers do.

What tools help with SOC 2 compliance?

Organizations use such tools as Splunk and Sumo Logic for monitoring purposes, CrowdStrike and SentinelOne for security, and a solution provider amongst these actually includes Drata, Vanta, and Tugboat Logic to reduce SOC 2 compliance pain.

What are common SOC 2 audit issues?

The usual culprits: weak security policies, bad access controls, no incident response plan, and not keeping an eye on third-party vendors.

Does SOC 2 require encryption?

Absolutely! You should ensure that the data is locked down both when it’s in storage and when it’s being sent somewhere.

How much is the price of a SOC 2 audit?

The SOC 2 audit cost depends on your company’s size and setup. However, you can expect to pay anywhere from $20,000 to $100,000.