Page 23 - Cyber Defense eMagazine January 2024

How Small and Mid-Sized Businesses Can Achieve System

and Organization Controls (SOC 2) Compliance

Steps To Implement Cyber Controls and Processes

By Juliana Spofford, General Counsel and Chief Privacy Officer, Aidentified

In today’s tech world, it is often difficult to determine which businesses you can rely on to keep your data
secure, and the matter continues to grow in importance as the cost of cybercrime is predicted to hit $8
trillions globally in 2023. Cybersecurity threats are on the rise, with ransomware, malware and threats
from artificial intelligence and machine learning software foremost in our minds, and supply-chain threats
are on the rise for all companies.

With growing security concerns, obtaining a System and Organization Controls (SOC 2) report, a gold
standard for implementation of cybersecurity controls and processes, instills trust and attracts customers
by proving that a company’s security framework is reliable. Every business wants their customers and
partners to rest assured knowing that security controls have been independently evaluated and rigorously
tested in areas such as:

• Incident response
• Disaster recovery

Cyber Defense eMagazine – January 2024 Edition 23
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