In today’s data-driven world, ensuring your client’s data security is of paramount importance. This is where SOC 2 auditors come into play. The article explores the seven best SOC 2 auditors in 2023, a valuable tool to store and manage client data effectively and securely.
What Does SOC 2 Audit Mean?
A SOC 2 audit is an assessment performed by an independent auditor to evaluate a service organization’s data management practices. The goal is to ensure that they comply with the five Trust Services Criteria – security, availability, processing integrity, confidentiality, and privacy. The audit verifies whether the systems used to process users’ data maintain these principles, providing assurance to clients that their sensitive data is handled responsibly. This evaluation is crucial for companies dealing with valuable client data, particularly in tech and related industries.
Who Needs It?
SOC 2 compliance is vital for SaaS and cloud-based service providers or businesses that store customer data in the cloud. It’s especially crucial for businesses operating in fields such as healthcare, finance, and technology, where data security is paramount.
However, it isn’t limited to these sectors. Any organization that handles, stores, or processes customer data, especially personally identifiable information (PII), should consider SOC 2 compliance. This includes companies in e-commerce, telecommunications, and those providing IT and data management services.
SOC 2 compliance not only assures clients of data safety but also offers businesses a competitive edge, demonstrating a commitment to data security and integrity.
Why Do Organizations Need It?
Organizations need SOC 2 audits for a variety of reasons, all linked to data security and business reputation.
- Establish Trust and Confidence: SOC 2 reports serve as evidence that a service organization has robust data security measures in place. This builds trust with clients and partners, who can be confident in the organization’s commitment to protect their data.
- Legal and Regulatory Compliance: For certain industries like healthcare or finance, demonstrating SOC 2 compliance is often a regulatory or legal requirement. Non-compliance can lead to heavy penalties and loss of operating licenses.
- Business Efficiency: The process of preparing for a SOC 2 audit often helps organizations identify and correct potential weaknesses in their data management and security protocols, leading to increased efficiency.
- Competitive Advantage: With increasing data breaches, clients are more concerned about data security. Companies with SOC 2 compliance can leverage this as a competitive advantage, showing their commitment to data protection.
- Risk Management: Regular SOC 2 audits can help organizations identify risks and vulnerabilities early, allowing them to manage and mitigate these risks effectively.
Top 7 SOC 2 Auditors
Having established a solid understanding of what a SOC 2 audit is and why it’s important, let’s dive into the specifics of the top SOC 2 auditors in the market. Here are our top picks for the year 2023.
|Name of the SOC2 vendor
|SOC 2 Audit Support, SOC 2 Compliance Software, Consultancy
|User-friendly interface, excellent customer service, comprehensive audit assistance
|SOC 2 Compliance Software, Security Management
|Robust security protocols, streamlined compliance management, real-time monitoring
|SOC 2 Compliance Automation, Security Compliance Software
|Automation of compliance tasks, continuous control monitoring, robust integrations
|SOC 2 and ISO 27001 Compliance Software, Security Management
|Streamlined compliance processes, extensive integrations, continuous monitoring
|Automated Security Compliance, SOC 2 and ISO 27001 Software
|Automated evidence collection, customizable policies and procedures, user access reviews
|GRC Software, SOC 2 Compliance, Risk Management
|Centralized risk management, automated compliance workflows, real-time data analytics
|Cyber Asset Management, SOC 2 Compliance Automation
|Simplified compliance management, graph-based visualizations, extensive integrations
A Closer Look at the Best SOC 2 Auditors
Let’s delve into each of our top picks, exploring their services and distinctive features that set them apart.
Impanix is a recognized leader in the field of SOC 2 audit support and compliance. Their primary focus is to help businesses navigate the complex landscape of SOC 2 compliance through their user-friendly software and expert consultancy services.
Key Features of Impanix:
- Comprehensive Audit Assistance: Their team of professionals provides guidance throughout the SOC 2 audit process, ensuring seamless navigation through compliance requirements.
- User-friendly Interface: The platform is intuitive and easy-to-use, simplifying the process of compliance management.
- Outstanding Customer Service: Impanix is known for its stellar customer support, assisting businesses at every step of the compliance journey.
Impanix shines with its user-friendly approach and exceptional customer service, but businesses seeking more automated features might want to consider other options.
Sprinto offers a comprehensive suite of SOC 2 compliance services, with a strong emphasis on security management. They blend traditional methods with innovative technologies to deliver a robust and streamlined compliance solution.
Key Features of Sprinto:
- Streamlined Compliance Management: Their platform makes the SOC 2 compliance process smooth and efficient, with easy-to-follow steps and instructions.
- Robust Security Protocols: Sprinto implements stringent security measures, ensuring your data remains secure throughout the compliance process.
- Real-time Monitoring: Their services include continuous monitoring capabilities, alerting businesses when there is a deviation from compliance.
Sprinto stands out for its robust security and real-time monitoring features, however, businesses seeking more tailored consultancy services might want to explore other vendors.
Drata is renowned for its advanced SOC 2 compliance automation capabilities. By employing cutting-edge technology, they significantly reduce the time and resources required for SOC 2 compliance.
Key Features of Drata:
- Automated Evidence Collection: Drata excels at automatically collecting the necessary evidence for SOC 2 audits, making the process more efficient.
- Continuous Control Monitoring: With Drata, you get continuous monitoring, alerting you whenever a system falls out of compliance.
- Extensive Integrations: Drata’s platform integrates with a wide range of vendors, allowing for seamless coordination and more comprehensive audit coverage.
Drata is particularly strong in automated evidence collection and extensive integration capabilities, but for those seeking more risk assessment features, other vendors might be more suitable.
Secureframe offers a powerful platform for SOC 2 and ISO 27001 compliance, featuring streamlined processes and extensive integrations. Their main goal is to simplify and speed up the process of achieving compliance.
Key Features of Secureframe:
- Streamlined Compliance Processes: Secureframe’s platform is designed for ease of use, guiding businesses smoothly through the compliance process.
- Extensive Integrations: Secureframe’s platform integrates with over 100 vendors, making it easy to gather the necessary evidence for audits.
- Continuous Monitoring: Secureframe provides continuous monitoring capabilities, promptly notifying businesses about any deviations from compliance standards.
Secureframe is ideal for businesses seeking a solution that streamlines the compliance process and offers wide-ranging integrations. However, businesses desiring more personalized consultancy might want to consider other auditors.
Vanta has carved a niche for itself in the realm of automated security compliance. They offer comprehensive services for SOC 2 and ISO 27001 compliance, making the process smooth and hassle-free.
Key Features of Vanta:
- Automated Evidence Collection: Vanta’s platform excels in automatically gathering the necessary evidence for SOC 2 audits, reducing the manual effort required.
- Customizable Policies and Procedures: Vanta allows businesses to customize their security policies and procedures, providing a more tailored approach to compliance.
- User Access Reviews: Vanta’s solution includes user access reviews, enabling businesses to regularly check and maintain appropriate user access controls.
Vanta is an excellent choice for those who value automated features and customizable policies. However, businesses seeking traditional methods of audit assistance might prefer other vendors.
ZenGRC provides a holistic GRC solution with a strong emphasis on SOC 2 compliance and risk management. They offer a centralized approach to risk management, making it easier for businesses to stay compliant.
Key Features of ZenGRC:
- Centralized Risk Management: ZenGRC’s platform provides a central location for managing risks, making it easier to identify and address potential issues.
- Automated Compliance Workflows: Their platform automates many compliance-related tasks, reducing the workload for businesses.
- Real-time Data Analytics: ZenGRC offers real-time analytics, providing businesses with up-to-date insights into their compliance status.
ZenGRC stands out for its centralized risk management and real-time analytics, but those looking for more extensive integrations with other systems might want to consider other vendors.
JupiterOne is a leader in the field of cyber asset management and SOC 2 compliance automation. Their services are designed to simplify the compliance process while providing robust protection.
Key Features of JupiterOne:
- Simplified Compliance Management: JupiterOne’s platform makes SOC 2 compliance management straightforward and easy-to-understand.
- Graph-Based Visualizations: Their unique graph-based visualization tools provide clear, easy-to-interpret insights into your compliance status.
- Extensive Integrations: JupiterOne’s platform integrates with numerous other systems, allowing for a more comprehensive approach to compliance.
JupiterOne is a strong contender for businesses seeking a simplified approach and robust integration capabilities. However, businesses that prefer more traditional, hands-on audit assistance may want to consider other options.
Each of these SOC 2 auditors offers unique strengths. Choosing the right one requires understanding your business’s specific needs and how each auditor’s services and features align with those needs.
Factors to Consider While Choosing The Right SOC 2 Auditor
Choosing the right SOC 2 auditor is crucial for your business. Here’s a step-by-step guide to help you in this important decision:
- Affiliation with the AICPA: The American Institute of Certified Public Accountants (AICPA) sets the standards for SOC 2 audits. Therefore, ensure that your chosen SOC 2 auditor is affiliated with the AICPA. This affiliation indicates that the auditor is recognized and operates according to established professional standards.
- Experience and Reputation: A reputable SOC 2 auditor with vast experience is more likely to conduct a comprehensive and effective audit. Experience often translates to expertise in identifying security threats and weaknesses. Look into their track record, the industries they have served, and the feedback from their previous clients.
- Approach for SOC 2 Auditing: Different auditors might have different approaches to SOC 2 auditing. Some may use more traditional methods, while others might leverage innovative technologies to automate parts of the process. Understand their approach, and consider if it aligns with your company’s needs and preferences.
- Understand Your Needs: The first step is to understand your business’s specific needs and requirements. Determine what kind of data you handle and what level of security is required. This understanding will guide your decision-making process.
- Evaluate Services and Features: Consider the services and features each auditor offers. Do they offer continuous monitoring? How robust is their compliance software? Do they provide assistance with the audit process? Make sure the features align with your needs.
- Evaluate Cost: While cost shouldn’t be the only factor in your decision, it’s certainly an important one. Make sure to understand all the costs involved and ensure they fit within your budget.
By following these steps, you can make a more informed decision and choose the SOC 2 auditor that’s the best fit for your business.
Choosing the right SOC 2 auditor is crucial to achieving compliance and securing your business data. Each of the auditors discussed above offers unique strengths and capabilities. While they’re all excellent options, it’s important to choose the one that best fits your business’s specific needs and preferences.
If you are looking to implement any of the Infosec compliance frameworks such as SOC 2 compliance, HIPAA, ISO 27001, and GDPR compliance, Impanix can help. Book a Free consultation call with our experts or email us at [email protected] for inquiries.