Service Organization Control 2 (SOC 2)
SOC 2 is a framework for managing data security based on five "trust service principles":
- Security: Protecting against unauthorized access.
- Availability: Ensuring systems and information are available for operation and use as committed or agreed.
- Processing Integrity: Ensuring system processing is complete, valid, accurate, timely, and authorized.
- Confidentiality: Protecting information designated as confidential.
- Privacy: Protecting personal information in accordance with the organization's privacy notice and principles consistent with the AICPA's Generally Accepted Privacy Principles (GAPP).
SOC 2 reports are intended for a broad audience, including current or potential customers, partners, and regulators. They demonstrate an organization's commitment to maintaining a high level of information security.
Payment Card Industry Data Security Standard (PCI DSS)
PCI DSS is a set of security standards designed to ensure that all companies that accept, process, store, or transmit credit card information maintain a secure environment. The standard is mandated by the card brands and administered by the Payment Card Industry Security Standards Council. Its key goals include:
- Building and Maintaining a Secure Network & Systems
- Protecting Cardholder Data
- Maintaining a Vulnerability Management Program
- Implementing Strong Access Control Measures
- Regularly Monitoring & Testing Networks
- Maintaining an Information Security Policy
PCI DSS compliance is required for any entity that handles credit card data, with the aim of reducing fraud and protecting cardholder information.
International Organization for Standardization (ISO) 27001
ISO 27001 is an international standard for managing information security. It provides a framework for an information security management system (ISMS) to enable an organization to manage its information security by addressing people, processes, and technology. The standard includes aspects such as:
- Risk Management
- Security Policy
- Asset Management
- Human Resources Security
- Physical & Environmental Security
- Communications & Operations Management
- Access Control
- Information Systems Acquisition, Development & Maintenance
- Information Security Incident Management
- Business Continuity Management
- Compliance with Legal & Regulatory Requirements
ISO 27001 certification demonstrates that an organization has identified risks, assessed implications, and put in place systemized controls to limit any damage to the organization.
Key Differences
Scope and Focus
SOC 2 focuses on five trust principles relevant to security, availability, processing integrity, confidentiality, and privacy of a system. PCI DSS is specifically concerned with the secure handling of cardholder information across organizations. ISO 27001 provides a comprehensive approach to information security management across all types of information, not just financial data.
Geographical Recognition
ISO 27001 has global recognition, while SOC 2 is more commonly recognized in the United States. PCI DSS is globally recognized where cardholder data is involved.
Certification
ISO 27001 and PCI DSS involve formal certification processes. SOC 2 results in a report by an external auditor, which is not a certification but a detailed review of controls as they relate to the trust principles.
Applicability
PCI DSS is mandatory for any organization that handles credit card data. ISO 27001 and SOC 2 are voluntary standards that organizations can choose to comply with to demonstrate their commitment to information security.
Business-Specific Security Standards
Each of these frameworks and standards serves to ensure that organizations have the necessary controls and processes in place to protect sensitive data and information systems. Depending on the nature of the business, an organization might need to comply with one or more of these standards to meet regulatory requirements, protect customer data, and build trust with stakeholders.
Conclusion
Understanding and applying these security measures is vital for any business looking to safeguard its digital presence and make informed decisions. Rollin prioritizes the integration of these protocols to protect your web assets. Contact us for insights into our security practices and how we can support your online protection requirements.
