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Ultimate Compliance Comparison

SOC 2 versus FedRamp


Explore the differences between SOC 2 and FedRamp. 

 

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Explore and contrast SOC 2 and FedRamp

SOC 2 and FedRamp are both security compliance standards used to ensure the security and privacy of sensitive data. SOC 2 is an audit standard created by the American Institute of Certified Public Accountants (AICPA) and is used to assess the security controls of service providers. FedRamp, on the other hand, is a government-mandated security compliance standard created by the U.S. Federal Risk and Authorization Management Program (FedRAMP). It is used to assess the security controls of cloud service providers that provide services to U.S. federal agencies. Both standards require organizations to meet certain security and privacy requirements, but the FedRamp standard is more stringent than the SOC 2 standard.



What is SOC 2?

SOC 2 is an auditing and compliance standard developed by the American Institute of Certified Public Accountants (AICPA). It is designed to help organizations assess and report on the security, availability, processing integrity, confidentiality, and privacy of their systems and services. The standard is based on the Trust Services Principles and Criteria, which are designed to ensure that organizations are transparent and accountable in how they manage customer data and other sensitive information. The SOC 2 report provides assurance to customers and other stakeholders that the organization is following best practices for the security, availability, processing integrity, confidentiality, and privacy of their systems and services.



What is FedRamp?

FedRamp is a government-wide program that provides a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services. It was developed by the U.S. General Services Administration (GSA) in partnership with the Department of Defense (DoD) and the National Institute of Standards and Technology (NIST). The goal of FedRamp is to reduce the cost, time and complexity of security compliance for cloud service providers, while increasing the trustworthiness of cloud services. It provides a standardized set of security requirements and a consistent authorization process to facilitate the secure adoption of cloud services across the federal government. FedRamp also provides a centralized repository of security authorization packages, continuous monitoring plans, and other security-related documents. The program is designed to ensure that cloud service providers meet the security requirements of federal agencies, while also providing a secure and reliable cloud environment for government data and applications.



A Comparison Between SOC 2 and FedRamp

1. Both SOC 2 and FedRamp are compliance frameworks that are designed to ensure the security and privacy of customer data.

2. Both frameworks require organizations to implement controls and processes to protect customer data.

3. Both frameworks require organizations to document and monitor their security and privacy processes.

4. Both frameworks require organizations to establish and maintain a risk management program.

5. Both frameworks require organizations to demonstrate compliance with the applicable requirements.



The Key Differences Between SOC 2 and FedRamp

1. SOC 2 is a set of standards used by auditors to evaluate the security and operational controls of service providers, while FedRamp is a government-wide security assessment and authorization program.

2. SOC 2 focuses on the security, availability, processing integrity, confidentiality, and privacy of customer data, while FedRamp focuses on the security of cloud-based services and products.

3. SOC 2 is managed by the American Institute of Certified Public Accountants (AICPA), while FedRamp is managed by the Federal Risk and Authorization Management Program (FedRAMP).

4. SOC 2 provides a framework for organizations to assess their security and operational controls, while FedRamp provides a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services.

5. SOC 2 is a voluntary program, while FedRamp is a mandatory requirement for cloud services used by the federal government.



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