I am pleased to announce that Waident successfully completed its SOC 2® (System and Organization Control 2) examination and received a report dated May 31, 2024.
What is SOC 2 certification?
The Service Organization Control for Service Organizations (or SOC 2) is an important framework for assessing and reporting on the security, availability, processing integrity, confidentiality, and privacy controls of a service organization. It is a critical attribute top companies expect when choosing an MSP—less than 5% of MSPs have been designated SOC 2.
This certification is crucial for top companies when selecting a Managed Service Provider (MSP).
Benefits of having an MSP that has passed a SOC 2 certification
Although MSPs are not required to obtain SOC 2 certification, my advice is clear: seek out a partner with SOC 2 certification. This choice enhances your security posture, reduces your cyber insurance costs, and earns trust of your partners and clients.
4 Key benefits of working with a SOC 2 certified MSP:
- Robust controls and practices in security: Clients can have peace of mind knowing that their data and systems are managed by an MSP that adheres to industry-leading security and availability controls. This means your business is running, people are productive and data safe.
- Compliance readiness: SOC 2 compliance supports clients in meeting their regulatory requirements, providing a solid foundation for their own compliance efforts.
- Competitive advantage: By choosing a SOC 2 compliant MSP, clients gain a competitive edge in their respective markets, demonstrating their commitment to data protection and risk mitigation.
- Improved operational efficiency: Adherence to SOC 2 requirements drives internal process improvements, resulting in better risk management and overall operational efficiency.
The bottom line:
When selecting an MSP for your business, SOC 2 certification should be a critical factor in your decision-making process. It guarantees robust data security measures, compliance with industry standards, effective risk management, and enhanced trust. By prioritizing SOC 2 certification in selecting an MSP partner, you’re investing in the long-term success and security of your business.
Read our SOC 2 2023 examination completion release here.
Interested in obtaining a copy of our SOC 2 report? Contact us.
