{"id":72106,"date":"2024-02-21T13:27:39","date_gmt":"2024-02-21T20:27:39","guid":{"rendered":"https:\/\/www.gpsinsight.com\/?p=72106"},"modified":"2024-02-21T14:51:59","modified_gmt":"2024-02-21T21:51:59","slug":"why-is-soc-2-important","status":"publish","type":"post","link":"https:\/\/www.gpsinsight.com\/blog\/why-is-soc-2-important\/","title":{"rendered":"Why is SOC 2 Important?"},"content":{"rendered":"

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Why is SOC 2 Important?<\/span><\/span><\/h1>\n

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What is SOC <\/span>2<\/span>, and why is<\/span> SOC 2<\/span> important? Keep your customer data safe and secure.<\/span><\/h4>\n

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Security breaches due to poor cybersecurity posture can cost upwards of $4.45 million, according to IBM\u2019s annual cost of data breach report from 2023. Customer data needs to be protected from unauthorized access and theft. SOC II audits don\u2019t just keep your data safe; they also give your company a competitive advantage \u2013 that’s why GPS Insight is SOC II certified.\u00a0<\/span>\u00a0<\/span><\/p>\n

We protect our customers\u2019 sensitive data with various security controls that meet the SOC II compliance checklist, meeting their high standards for security posture. While you\u2019re busy managing your fleet, we keep your private information safe and secure, so you don\u2019t have to worry about a breach.<\/span>\u00a0<\/span><\/p>\n

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What is SOC II?<\/h2>\n

Service Organization Control Type 2 (SOC II) is a type of cybersecurity that complies with a specific framework developed by the American Institute of Certified Public Accountants (AICPA). SOC II compliance ensures the highest standard for information security for service providers across the globe.\u00a0<\/span>\u00a0<\/span><\/p>\n

SOC II audits report on a company\u2019s data security to see if it meets the compliance framework with the established SOC II principles. SOC reports include SOC 1, SOC 2, and SOC 3, though SOC 2 is the standard.\u00a0<\/span>\u00a0<\/span><\/p>\n

SOC II is all about meeting common criteria for protecting sensitive information and data processing. GPS Insight provides high-level data protection through our security practices and security measures.<\/span><\/p>\n

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The Unique SOC II Framework<\/h2>\n

So, what\u2019s so special about this framework?\u00a0<\/strong><\/p>\n

Cybersecurity frameworks lay down the best practices for companies to follow to improve their security. Security frameworks typically include predefined protocols, and all companies using them must follow their established guidelines for a specified period of time.\u00a0<\/span>\u00a0<\/span><\/p>\n

But SOC II framework uses criteria to uphold high standards of data security through principles, not protocols. With SOC II, the framework is designed to adjust in conjunction with the company. Every individual operating model will have their own security and data protection protocols.\u00a0<\/span>\u00a0<\/span><\/p>\n

To meet SOC II compliance, those protocols need to fall under the five trust service principles: security, confidentiality, availability, privacy, and processing integrity.<\/span><\/p>\n

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The <\/span>Principles<\/span> of SOC II<\/span><\/h2>\n