SOC 2 compliance: Everything your organization needs to know
Businesses nowadays handle huge volumes of data. A lot of this data is customer information. From credit card details to addresses and phone numbers, businesses use and store a lot of customer information. It is no surprise then that businesses and users are equally worried about the safety of their data. Why is it important to store data securely? What happens if data is leaked? Improperly stored data could leave an organization vulnerable to cyberattacks. Such attacks not only have financial repercussions but can also harm a company’s reputation. SOC 2 ensures that your service providers manage and store your data securely. It ensures that organizational practices and controls are effectively implemented to ensure the security and privacy of customer data.