SOC 1 is a financial audit report, SOC 2 is a security and controls report and SOC 3 report is similar to SOC 2 drafted to be presented to a general audience.
IT Vendor Risk Management is essential for organizations to assess and mitigate potential risks associated with third-party vendors. It ensures compliance, security, and performance standards are maintained, protecting against potential threats from vendor relationships.IT Vendor Risk Management involves processes and tools that help organizations evaluate third-party vendors to maintain robust risk management strategies. This category helps identify and monitor potential vulnerabilities and...
The difference is how the data is given and exactly what information of the that data is given. And I love that it answered so many questions simply.
SOC 1 is a financial audit report, SOC 2 is a security and controls report and SOC 3 report is similar to SOC 2 drafted to be presented to a general audience.