ARTICLE
28 April 2021

Lawyers Need To Review SOC 2 Audit Reports!

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Foley & Lardner

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Darkreading.com asked this question "How can SaaS vendors demonstrate proof of their commitment to taking their customers' data security seriously?" because a "…2020 survey found that 52% of companies
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Darkreading.com asked this question "How can SaaS vendors demonstrate proof of their commitment to taking their customers' data security seriously?" because a "...2020 survey found that 52% of companies were using cloud services that had experienced a breach involving user data."  The April 23, 2021 report title "SOC 2 Attestation Tips for SaaS Companies" answered its question with these comments:

One way SaaS vendors can demonstrate this is by achieving attestation with SOC 2.

According to the Association of International Certified Professional Accountants (AICPA), SOC 2 is a means for SaaS vendors and other organizations to obtain reports that provide detailed information and assurance about the systems they use to process users' data.

The SOC 2 Report uses criteria from these five categories:

1. Security

2. Availability

3. Processing integrity

4. Confidentiality

5. Privacy

Reviewing the SOC 2 Report is essential to learn about data security!

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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