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Security Standard

SOC 2

Service Organization Control 2

Global
Effective: January 1, 2010
Updated: January 1, 2022

Overview

SOC 2 is an auditing framework developed by AICPA for service organizations that store, process, or transmit customer data. It evaluates controls relevant to security, availability, processing integrity, confidentiality, and privacy (Trust Services Criteria). SOC 2 reports are widely used by SaaS providers and cloud services to demonstrate security posture to customers.

IAM Requirements

CC6.1: Logical and Physical Access Controls

  • Implement logical access security software and infrastructure
  • Control access to protected information assets
  • Prevent unauthorized access from outside system boundaries
  • Manage identification and authentication of users

CC6.2: User Access Administration

  • New user registration and authorization process
  • Modification of access based on role changes
  • Timely removal of access when no longer needed
  • Periodic access reviews

CC6.3: Role-Based Access

  • Define and assign user roles
  • Implement least privilege principle
  • Segregate incompatible duties
  • Approve and document access exceptions

CC6.6: Authentication

  • Authenticate users before granting access
  • Implement multi-factor authentication where appropriate
  • Manage credentials securely
  • Monitor for authentication anomalies

Compliance Checklist

1
Select applicable Trust Services Criteria
2
Define system description and boundaries
3
Identify and document controls
4
Implement access provisioning procedures
5
Deploy multi-factor authentication
6
Establish access review processes
7
Implement change management controls
8
Deploy logging and monitoring
9
Conduct security awareness training
10
Perform risk assessment
11
Conduct readiness assessment
12
Engage CPA firm for SOC 2 audit

Penalties for Non-Compliance

No direct penalties, but inability to provide SOC 2 report can result in lost business opportunities and customer trust

Quick Facts

Region
Global
Effective Date
January 1, 2010
Enforcing Body
American Institute of Certified Public Accountants (AICPA)

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