SOC 2 is important because it holds businesses to a standard that protects consumer data. It allows the consumer to have peace of mind knowing that a company is vetted and approved, showing that they are handling data responsibly.

This type of certification is essential for companies that store data in the cloud, as well as those that offer SaaS subscriptions.

Companies that handle healthcare information fall under patient-protection laws and HIPAA, so having SOC 2 compliance and certification is a good step for them to show they are protecting patients’ information.

SOC 2 is not required, but it is a way of communicating the degree of care a company is taking to the consumer. 

High profile data breaches are in the news all the time, and it seems easier than ever for criminals to compromise private data.

Companies should test all web applications and software to make sure they stand up to hacking, DDos attacks, and any other attempts at compromising customer information.

When a company does have a data breach, it lowers public opinion of them and users can experience identity theft.

That could ruin their credit or lose them their retirement savings!

It is up to companies who use this data to conduct business to protect their users. A SOC 2 certification can go a long way to building user confidence.