Neumetric

SOC 2 Report

SOC 2 Report Simplified

What Is SOC 2 Report?

SOC 2 Report is an attestation report that measures how well a company adheres to specific security and privacy controls. The report is used by Organisations to show their commitment to protecting customer data. The SOC 2 report is based on the AICPA’s Trust Services Principles and Criteria. The report evaluates a company’s controls in five key areas: Security, Availability, Processing Integrity, Confidentiality and Privacy.

A SOC 2 report is an independent third-party assessment of an Organisation’s data management and security practices. The report validates that an Organisation has implemented robust information security controls to protect the privacy, confidentiality, integrity, and availability of its data.

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Why is SOC 2 Report worth your time?

At Neumetric, we understand that you may not know why this report is worth your time. That’s why we’ve compiled a list of the top 5 reasons for why you should have a SOC 2 report:

  1. A SOC 2 report shows that your Organisation is committed to meeting the highest standards of security and privacy protection.
  2. It increases customer confidence by demonstrating that your Organisation has implemented controls that protect consumer data from unauthorised access and disclosure.
  3. It enables your Organisation to demonstrate compliance with legal requirements related to privacy and security of consumer data collected electronically or stored in electronic form.
  4. It helps attract new customers who require your services and products.
  5. It allows for more efficient processing of requests for information under various state statutes such as GLBA, FCRA, HIPAA, etc.

Steps involved to obtain SOC 2 report

Our customised procedure will help you establish the credibility of your business, become SOC 2 Compliant and implement necessary actions in your organisation to get your SOC 2 Report.
Assessment & Identification
Neumetric’s InfoSec team undergoes training from the organisation to understand their business. Once  complete, Neumetric starts creating ISMS policies that are required for the SOC 2 Certification. A Gap Assessment is conducted on the organisation while the ISMS Policies are reviewed and approved by the management. An Implementation Plan is prepared based on the Gaps identified for SOC 2 Compliance.
Key resource planning for certification
Based on the Implementation Plan, the gaps are remediated and the defined policies and procedural documents are implemented to bring procedural and cultural changes in the organisation. Post implementation, internal audit is conducted to review the closed gaps, newly defined processes and adherence to the SOC 2 Compliance. 
Auditor & Audit handling
Audit is scheduled with a reputed certifying body to conduct the external audit. Once they are satisfied with the compliance, SOC 2 Report will be issued for the organisation. The external audit is handled by Neumetric’s team of experts who are experienced in managing such audits for various standards and also relevant training is provided to the stakeholders to face the external auditors.

Benefits of Neumetric's SOC 2 Certification Service

Getting a SOC 2 report is not a trivial task, and it is not something that you should do yourself. There are many factors that need to be considered when preparing for a SOC 2 Audit and the auditors who will be conducting the audit are trained professionals who understand exactly what they need to look for.
If you are looking for an external party to help with these audits, then Neumetric is here to help. We have been providing SOC 2 Certification Services for over 5 years and have helped our Clients get their SOC 2 Reports on time and within budget. Neumetric can help you get the SOC 2 Report by using our services in the following areas:

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Frequently Asked Questions

Type 1 SOC 2 reports provide a snapshot of an Organisation's controls at a specific point in time. They are typically used to provide assurance to clients or customers that the Organisation has adequate controls in place.

Type 2 SOC 2 reports are an evaluation of a service Organisation’s controls. The report is based on the AICPA’s Trust Services Principles and Criteria, which are used to measure how well a service Organisation meets the security, availability, processing integrity, confidentiality, and privacy principles. A Type 2 report requires a service auditor to perform tests of the service Organisation’s controls over a period of time.

If you're a company that handles sensitive information or data, and you want the public to know how seriously you take your security and privacy obligations, then you need a SOC 2 report.

SOC 2 audits are performed by qualified, independent parties. These parties are called "auditors," and they act as neutral third-party evaluators of service providers' controls and processes. They are accredited by the American National Standards Institute (ANSI) to perform audits of service organizations' adherence to the SOC 2 standard.

Neumetric's SOC 2 Report Service ensures that your organisation will receive the Certification Report in 9 months (depending on the size of the Organization).

  • Robust security assurance for your clients
  • Long-term cost savings and loss prevention
  • Protection from potential reputational damage
  • Streamlined regulatory compliance efforts

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