What is SOC for Cybersecurity?
Reputational damage, disruption of business operations, fines, litigation, and loss of business can all be consequences of a cybersecurity attack. Because of these consequences and the vast threat landscape, the AICPA saw a need in the industry that it could fill: a general use report that describes an organization’s cybersecurity risk management program and verifies the effectiveness of its controls. Thus, SOC for Cybersecurity was created. In April 2017, the AICPA announced its new cybersecurity risk management reporting framework, paired with a market-driven, voluntary SOC for Cybersecurity examination.
Benefits of a SOC for Cybersecurity Report
What organizations do, who they are, and what data they possess opens them up to new levels of cyber risks. Managing cybersecurity risks is challenging, even with a sophisticated cybersecurity risk management program. Organizations should do everything possible to prevent, detect, and mitigate cybersecurity risks. It’s more important than ever to demonstrate the extent and effectiveness of your organization’s cybersecurity risk management program. So, how could a SOC for Cybersecurity report benefit your organization? We believe these are the top four benefits of undergoing a SOC for Cybersecurity examination.
A SOC for Cybersecurity audit will help protect your organization from cyber risks. Is any portion of your business conducted in cyberspace? If so, you’re open to new, complex threats and SOC for Cybersecurity was developed with you in mind. At its core, the purpose of a SOC for Cybersecurity assessment is to analyze the extent of effectiveness of your organization’s cybersecurity risk management program and better prepare it for the evolving threat landscape.
On top of protecting your organization from cyber risks, a SOC for Cybersecurity audit will help move your organization into the future. We’re seeing a shift in everyday language. It’s not all about information security anymore – it’s about cybersecurity. Cyber risks and threats impact businesses of any size in any industry, anywhere around the globe. A SOC for Cybersecurity assessment could help your organization to keep up with trends and mature your organization.
Want to find out if your organization could benefit from a SOC for Cybersecurity examination? Download now to learn the remaining two benefits of a SOC for Cybersecurity report.