Definition
An independent audit standard evaluating a service provider's controls around data security, availability, processing integrity, confidentiality, and privacy.
Cite this definition
"SOC 2", Infusion Business Intelligence Glossary, https://www.infusionbi.com/glossary/SOC2
Business Importance
Enterprise SaaS and fintech clients frequently require a vendor's SOC 2 report as a precondition of the security review before signing an MSA.
Industry Examples
A prospective client requesting a SOC 2 Type II report during vendor due diligence before approving a BPO contract.
Related Service
How Infusion BI handles this:
Security & compliance controls
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