In response to increasing societal concerns about the way businesses store, process, and protect the sensitive data they collect from their customers, governments and standardization organizations have enacted a patchwork of regulations and laws. Some of these are generic regulations (CCPA, GDPR), while others are industry specific (SOX, NERC, HIPAA, PCI DSS).
In October 2022, ISO 27001 introduced new changes. The internationally recognised standard on how to manage your information security was first launched in 2005 and underwent its last update in 2013. Since then, new technologies have emerged to dominate the business landscape, such as cloud computing, which has brought new security challenges. It’s estimated that global cybercrime is expected to grow by 15% per year, totaling a staggering $10.5 trillion by 2025.
The length of an average SOC 2 audit depends on a lot of variables, but with Vanta, customers can get a SOC 2 Type I report in weeks, and a SOC 2 Type II report within months. Audit timelines are difficult to project because each organization has different capabilities, resources, and goals. But after helping thousands of businesses tackle SOC 2 audits, we’ve developed a reliable timeline of what most customers can expect.
The advancement of digital technology benefits many individuals and businesses, making communication, collaboration, and processes faster and more accessible. However, the biggest risk of using digital technology has something to do with cybersecurity. Cyber-attacks, such as identity theft, ransomware, and malware, can be disruptive. For this reason, many individuals and companies install safety features in computer devices and software systems.
Vanta is thrilled to announce an enhanced Access Reviews solution. Thousands of customers already use Vanta’s existing access reporting to help demonstrate compliance during audits, reduce risk, and build a strong compliance and security posture. But now it’s leveled-up in a big way. The enhanced Access Reviews solution is currently in beta and available for purchase.
A SOC 2 readiness assessment is a final look at your organization’s documents, policies, processes, and vulnerabilities before your formal audit takes place. This is a crucial phase of SOC 2 compliance because your auditor will be using these materials in depth to assess your control environment. A SOC 2 readiness assessment provides answers to questions such as: Before we dive deeper into readiness assessments, here’s a quick primer on SOC 2 audits.
The cybersecurity industry is an ever-evolving landscape wherein businesses struggle to keep up with the dynamic security and cyber-threat landscape. Due to unprecedented events such as the COVID-19 pandemic, evolving IoT landscape, and the newly evolved techniques of sophisticated cybercrimes, businesses are grappling to deal with the growing cyber threats.
