Pursuing a SOC 2 audit brings value to your organization in a lot of ways. In fact, the in-depth audit provides your organization with increased insight into your security posture while giving you a better understanding of the opportunities where you can improve the controls and processes. Not just that, a SOC 2 audit also provides the organizations with a competitive advantage while boosting their organization’s reputation so that your customers and prospects can be rest assured as they know that your organization takes their data’s security seriously.
However, a SOC 2 audit isn’t just a one-time exercise but the audit must be renewed yearly and maintained regularly. If you consistently renew your SOC 2 audit, then it will help you build continuity with the controls and processes. In fact, having SOC2 compliance certificate provides you with the following benefits –
- Ensure Data Security
You can implement proven SOC frameworks for protecting your organization’s data by achieving compliance.
- Maximize Customer Satisfaction
This improved data protection will give your customer a secure feeling which will ultimately help you build trust among your audience.
- Improve Organizational Credibility
You can get certified with SOC frameworks and obtain the global recognition for increasing your authority & credibility in the market.
- Determine the renewal date: The first step in renewing a SOC 2 certificate is to determine the renewal date. The renewal date is usually one year from the date of issuance of the previous certificate.
- Conduct a readiness assessment: A readiness assessment will help you determine whether you are ready to renew your SOC 2 certification. This involves reviewing your policies, procedures, and controls to ensure that they are still effective and meet the requirements of the SOC 2 framework.
- Schedule an audit: Once you have determined that you are ready to renew your SOC 2 certification, you will need to schedule an audit with an accredited auditing firm such as SOCLY.io. The auditor will perform a detailed assessment of your controls and policies to determine if they are operating effectively.
- Address any deficiencies: If any deficiencies are identified during the audit, you will need to address them before you can renew your SOC 2 certification. The auditor will provide you with a report detailing any deficiencies found and provide recommendations for addressing them.
- Submit documentation: Once any deficiencies have been addressed, you will need to submit documentation to the auditor to demonstrate that your controls and policies have been updated and are operating effectively.
- Receive renewed certification: After the auditor has reviewed your documentation and confirmed that your controls and policies are operating effectively, you will receive your renewed SOC 2 certification.
It’s important to note that the specific steps involved in renewing a SOC 2 certificate may vary depending on the auditing firm you choose and the specific SOC 2 framework you are certified against. It’s always a good idea to work closely with your auditing firm and follow their specific guidance and requirements to ensure a successful renewal.
Renew Your SOC 2 with SOCLY.io
SOCLY.io is the top issuer of SOC 2 reports in the entire world as we combine our industry expertise with a leading compliance automation software platform for making the SOC 2 audit and renewal process as seamless as possible for your team.
So, you can contact us today to speak to one of our SOC 2 experts about the SOC 2 renewal and maintenance process and prices which are 50% lesser than other platforms.
How can Socly.io Help FinTech Companies Securely Manage their Important Data?
Complying with the ISO 27001 certification can initially seem challenging and it especially looks more challenging in the highly regulated industries such as the financial services. However, at Socly.io, we empower the FinTech companies implement and obtain the ISO 27001 certification. However, we help the FinTech Companies with the services such as –
- Asset protection,
- IT management,
- Policy on security,
- Threat reduction,
- And more.
Are You Interested in Getting ISO 27001 Certified?
If you’re a FInTech Company or some other organization that is looking for getting ISO 27001 certification then schedule a meeting with our experts or check out our website’s ISO 27001 Certification section to learn more about the certification.
