Understanding Your SOC 1 Report: What is a Gap Analysis?

by Joseph Kirkpatrick / December 19, 2022

A gap analysis is designed to prepare organizations for an audit. If it’s your first time going through an audit (SOC 1, SOC 2, PCI, HIPAA, HITRUST CSF, etc.), KirkpatrickPrice strongly recommends a gap analysis. This is a process of discovery, a chance to find areas of weakness, and an opportunity to gain industry insight. A gap analysis is not an audit. This process will examine your internal controls in…

Understanding Your SOC 1 Audit Report: What are Control Objectives?

by Joseph Kirkpatrick / December 19, 2022

What are Control Objectives and How are They Used in a SOC 1 Audit Report? A key aspect of a SOC 1 audit report is the concept of control objectives. Control objectives are a series of statements that address how risk is going to be effectively mitigated. According to the PCAOB, “A control objective provides a specific target against which to evaluate the effectiveness of controls. A control objective for…

PCI Requirement 7.3 – Ensure Policies and Procedures for Restricting Access to Cardholder Data are Documented, in Use, and Known to all Affected Parties

by Randy Bartels / December 19, 2022

Documentation for Restricting Access to Cardholder Data PCI Requirement 7 states, “Restrict access to cardholder data by business need to know.” Complying with PCI Requirement 7 is critical to ensuring that cardholder data is accessed only by authorized personnel. For this requirement, we’ve discussed access control systems, how to define access needs, limiting privileges based on business need to know, and how to further protect your cardholder data environment. But,…

PCI Requirement 7.2.3 – Default “Deny-All” Setting

by Randy Bartels / December 19, 2022

What is a Default "Deny-All" Setting? PCI Requirement 7.2.3 requires that your organization’s access control systems are set to a default “deny-all” setting, which means that no one is granted access, unless it’s explicitly assigned to someone. Some access control systems are set to a default “allow-all” setting, but PCI Requirement 7.2.3 requires yours is set to a default “deny-all” setting. This ensures no one is granted access unless a rule…

PCI Requirement 7.2.2 – Assignment of Privileges Based on Job Function

by Randy Bartels / December 19, 2022

What is PCI Requirement 7.2.2? We’ve discussed least privileges and business need to know a lot during PCI Requirement 7, and PCI Requirement 7.2.2 is no different. PCI Requirement 7.2.2 requires that your organization’s access control systems assign privileges based on job classification and function. If a job doesn’t require certain access to function, there’s no need to grant that access. Access control systems help protect your organization from unknowingly…