Is ISO 27001 equivalent to SOC?

Is ISO 27001 equivalent to SOC?

No, ISO 27001 and SOC are not equivalent. ISO 27001 is an international standard that provides a framework for establishing, implementing, operating, monitoring, reviewing, maintaining, and improving an Information Security Management System (ISMS). It helps an organization to identify, manage, and reduce the security risks associated with its information assets.

SOC 2 is an audit standard developed by the American Institute of Certified Public Accountants (AICPA). It is designed to ensure that companies have implemented the necessary controls to protect customer data. It evaluates the design and effectiveness of a company’s controls related to security, availability, processing integrity, confidentiality, and privacy.

While both standards focus on protecting customer data, they have different objectives. ISO 27001 focuses on the development and implementation of an ISMS, while SOC 2 focuses on the evaluation of the effectiveness of security controls. Therefore, the two standards are not equivalent.