A lot of businesses are digitalizing their work processes and needs tools that will increase efficiency and costs. Cloud networking is the biggest solution to this problem most companies meet but this technology needs to be secured.
To secure cloud-based SaaS systems, the AICPA developed an audit that service providers should pass to get SOC-2 compliance. The audit ensures that the SaaS product has all-around protection, how does it do this?
Protection from unauthorized access
SOC-2 audit ensures that access control in your SaaS product is secure and will not let intruders in easily. The audit ensures that the access control of a certain system is exactly what has been advertised. Also, since the cloud can be vulnerable to attacks, the SaaS product should meet specific encryption levels to keep hackers at bay.
Security is the most important factor of SOC-2 compliance and you should give your full attention when managing or developing a SaaS product. To address all security concerns all at once, you can use SOC 2 compliance software by JupiterOne.
Privacy policies
Confidentiality is also one of the foremost concerns that SOC-2 compliance addresses with SaaS developers. It is very important to ensure that you have clear privacy policies because customers will be storing sensitive data on the SaaS product. For example, proprietary information like business plans, source code, and a lot of other confidential data might be sent or stored using your service.
Therefore, it is essential for SaaS developers to include their privacy policy on the site and follow through with it. The SOC-2 edit follows up on this and ensures that everything is happening as promised on the privacy policy.
Incident management
Unforeseen accidents might happen, like sophisticated cyberattacks, so each SaaS provider should have a contingency plan for that. They can easily use cloud security software that has incident management on their features list. The incident management should take place promptly to minimize the damage of malicious software or hacks.
In most cases, when a hack is countered at the beginning, it does not usually have a strong effect. The SOC-2 audit ensures that systems are in place to manage those types of incidents. Part of the incident management should include how the situation will be remedied if it does cause a wide negative impact.
Accurate alerts of intrusion
The chosen cloud security system provider should have data-driven alerting systems that will sound an alarm when something out of the norm happens. The alarms can be annoying when they sound false positive alerts all the time. Thus, you need a system that uses a data-driven approach to filter through all false positives and alert only real threats.
Security systems that operate on those principles use company-specific data to easily identify what abnormal activity should be flagged. The security threats if flags also include attacks that the system has never seen before, so it scans for the known and unknown.
Benefits of protecting your SaaS product in accordance with SOC-2
How can your business benefit from passing a SOC-2 audit and being compliant? The company will have recognition and trust amongst customers because of the security measures.
Also, SaaS cloud security systems prevent attacks so the company saves considerable amounts of money when an attack does happen.
Think about the clientele you would lose and the funds that would be spent when an attack cripples your system. Thinking about the bigger picture will help you see that SOC-2 compliance is essential for all companies using the cloud for their business.