SOC2 Type II Assessment Services | Microminder Cyber SecuritySOC2 Type II Assessment Services

What is SOC2 Type II?

SOC 2 Type II Consultancy and Assessment Services

SOC, or System and Organisation Controls for cybersecurity, is a reporting framework developed by the American Institute of Certified Public Accountants (AICPA). Previously known as Service and Organisation Control, it demonstrates that your organisation’s security control systems sufficiently protect client data.

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SOC2 Type II audits are based on AICPA Trust Service Criteria

SOC2 Type II principles regarding data, namely:

Security
Availability
Confidentiality
Processing integrity
Privacy

With ever-changing cyber threats, it’s important to stay SOC2 Type II compliant to ensure you:

Maintain security controls over the long run.
Constantly train employees on data control systems
Identify new cybersecurity challenges
Maintain robust IT security features

Benefits of Being SOC 2 Compliant

Most organisations have to cooperate with third-party vendors to provide essential services. Before forming a partnership that will involve information sharing, a key feature they look for is reliable security solutions. Can they trust your organisation to protect their data?

SOC2 Type II compliance offers several advantages to organisations:

Helps your company improve your cybersecurity solutions and build more resilient IT environments.
Builds your reputation as it prevents cyberattacks, data breaches and potential data losses.
Assists security teams in building robust security systems to prevent financial losses in the form of lost revenue, customers, investors and business opportunities.
Protects your organisation’s system data, finances, operational strategies and intellectual property.
Provides you with a competitive advantage by demonstrating your commitment to security to existing and potential clients.
Allows IT and security personnel to focus on core, profit-making activities instead of worrying about data security.
Assures customers that their information is fully protected by providing transparency and helping maintain trust.

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SOC2 Type I vs SOC2 Type II

You might be curious about the difference and similarities between SOC2 Type I vs SOC2 Type II.

Similarities	Difference
Controls: Both these reports focus on an organisation’s non-financial controls in relation to Trust Services Criteria.	Period of Coverage: Type 1 focuses on security controls at a specific point in time. SOC2 Type II, on the other hand, reports on the company’s controls usually over a specified period of time - usually three to twelve months.
Scope of Attestation: SOC2 Type I & II both report on the effectiveness of internal controls based on your organisation’s objectives. They also provide proof that the controls are designed and implemented appropriately.	Scope of Attestation: In addition to attesting to the proper design and implementation of controls, SOC2 Type II also verifies the effectiveness of your controls.
Trust Principles: Both SOC2 reports are based on the five trust criteria regarding customer data.	Results: Unlike SOC2 Type I, SOC2 Type II provides the results of each test as Type I does not involve any testing.

Many organisations are required to provide SOC2 Type II certification to their stakeholders. However, it’s not a compulsory requirement like other standards, such as HIPAA for health care services or PCI DSS for financial services.

For organisations without any previous SOC2 compliance requirements, it is advisable first to attain a SOC2 Type I certification. They can then have enough time to prepare sufficient documentation for system description for SOC2 Type II audits & reports. It will also allow their environment to mature over time.

Microminder’s SOC Type II Readiness Assessment Solution

Microminder helps organisations prepare for a SOC2 Type II audit and receive certification that will assure customers, vendors, contractors and other stakeholders that your controls are implemented properly.

Our infosec teams conduct SOC2 readiness assessments to ensure your organisation is in line with AICPA Trust Services Criteria. After the assessment, we provide audit remediation services followed by a final assessment to compare your SOC2 compliance levels.

We follow a methodical step-by-step approach to assessments. Here’s an outline of our process:

Help your organisation create an appropriate audit scope and determine objectives to define:

Who will be audited?
When will the audit begin and end?
Where will the audits take place?

Assist you in collecting the necessary information to describe the most important part of your systems or services.

Support your security teams to determine the most salient TSCs for your specific organisation. Because security is the only mandatory TSC that must be adhered to, we engage with your teams to determine which of the other criteria is suitable.

Conduct the actual assessment based on the established scope, objectives and previously agreed upon trust service principles.

The assessment process involves a security analyst examining your organisation’s:

Systems
Procedures
Control

During this analysis process, we collect and record important business procedures typically included in a SOC2 Type II audit.

After a comprehensive readiness assessment, our team of security experts will help you address any shortcomings you may have identified. We perform a gap analysis and evaluate your revised position in comparison to the initial assessment.

Some of the common activities we conduct include:

Recommending and selecting appropriate controls after a comprehensive risk analysis.
Developing appropriate policies and procedures and updating existing ones.

Some of the common activities we conduct include:

Recommending and selecting appropriate controls after a comprehensive risk analysis.
Developing appropriate policies and procedures and updating existing ones.
Examine your organisation’s compliance in terms of your businesses’ chosen TSCs.
Helping you find solutions to remediate problems identified during the first assessment to ensure you meet the standards necessary to earn your SOC2 Type II certification.

From our experience, it can take months to complete a gap analysis and then correct the issues discovered. Although each company has its own unique requirements

Microminder performs these key activities:

1
Interview employees to identify their level of knowledge about SOC2 Type II compliance.
2
Effectively implement data security controls.
3
Establish and maintain control policy and procedure documents.
4
Revise organisational processes.
5
Train new and existing staff about security controls.

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Perform a final SOC2 Type II readiness assessment to confirm the proper implementation and functioning of new security controls. We refer to the previous SOC2 assessment and remediation activities to identify any additional areas of remediation. Ideally, fixes should be minimal and quick to remediate.

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Client Testimonials

What our clients say about us

Clients in over 20 countries have secured their businesses from online threats with our cybersecurity services. Excellent customer support and cost-effective pricing are just a few of the reasons we’ve established long-lasting, highly successful relationships with our varied clients. Read our company testimonials to learn more about our unique capabilities and why so many clients have chosen us as their go-to provider for security solutions.

Claire Lee

Practice Manager - Amsel and Wilkins LLP

Microminder's in depth and broad scope pen testing truly provided us with some valuable insights that uncovered key business risks and highlighted necessary actionable intelligent changes that needed to be implemented within our business to combat any potential cyber-attacks from adversaries and prevent any breaches. This exercise helped us to enhance our cyber security posture and test our system’s resilience. We are quite pleased with our engagement with Microminder.

Julie Cockbill

Head of Operations - InfinityBlu dental

Microminder's 24/7 managed security services got deployed with such ease and immediately gave us an eagle eye view into our security logs and events, highlighting any indicators of compromise, effectively automated our response and correlated the incidents with full context, thereby triaging and eliminating all false positives. Our team are amazed at the speed and accuracy of Microminder’s Open XDR technology and skilled staff.

Tina Patel

Head of Integrations – Dental Beauty Partners

Our priority is business continuity and security, especially considering our operations across our 30+ practices. Microminder helped us with a tailored managed security services that aligned with our business needs. Their technology is at the forefront of the industry and that allows us to fully put our trust in their cyber security experts. We are glad to have Microminder as an extension of our technology team!

Philipp Mussbacher

Security Engineer & solutions consultant – Anonymous

Due to the fact that we work a lot with sensitive data in a business context, information security plays a big role for us. Due to the difficult labour market situation and the urgency to improve our security, we have chosen Microminder's CISO as a Service model and are very happy with it. Our virtual CISO manages to ensure stability and quality on the security side as well as legal requirements and compliance. I can only recommend Microminder's service.

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