SOC 2 Compliance stands for System and Organization Controls 2, a framework developed by the American Institute of CPAs (AICPA). The purpose of this framework of SOC2 report is to provide the health status of a company’s data handling. This framework is not industry-specific, but covers any company whose customer data resides in the cloud.
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Data protection has been an important priority for businesses, but compliance with complex regulations like GDPR has always been challenging for them. The problem is they claim to be prepared for data protection regulations, their measures are only half-hearted. According to a survey of 205 business leaders in the UK and US confirmed, just 34%
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The issue of data privacy in healthcare has gained momentum soon after digitalization became a buzzword. With the increasing scale and complexity of data breaches, preserving patient’s privacy came at the forefront. The impact of such incidents were not just limited to patients, healthcare businesses too faced the brunt as the average cost of breach
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The increase in online payments has created a new security risk for consumers. It has put their payment-related data at risk. According to Stripe, 9,000 data breaches occur every day. In 2006, card payment companies such as Visa, Mastercard, AmEx, Discover, and JCB came together to set up the PCI Council, which was entrusted with
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