ISO 27001 and SOC 2 type 2 are both frameworks and certifications for information security that can help organizations demonstrate their commitment to protecting their customers’ data. However, they have some key differences that should be considered when choosing which one to pursue.

ISO 27001 is an international standard that specifies the requirements for implementing and managing an information security management system (ISMS). It covers all aspects of an organization’s security, including people, processes and technology. It also requires a risk assessment to identify and implement appropriate controls from a list of 114 best practices. ISO 27001 is applicable to any organization of any size or industry, and it is recognized worldwide as a mark of excellence in security.

SOC 2 type 2 is a set of audit reports performed by an independent Certified Public Accountant (CPA) or accountancy organization. It validates the internal controls related to the information systems involved in providing services, based on five categories called Trust Service Criteria (TSC): security, availability, processing integrity, confidentiality and privacy. SOC 2 type 2 reports also show whether these controls operate as expected over a period of time (usually between 6 months and 1 year). SOC 2 type 2 is mainly used by service providers in the United States, especially in industries that require higher compliance standards, such as finance.

Some of the main differences between ISO 27001 and SOC 2 type 2 are:

Definition: ISO 27001 is a standard that establishes requirements for an ISMS, while SOC 2 type 2 is a set of audit reports that prove conformity to defined security pillars.

Geographical applicability: ISO 27001 is international, while SOC 2 type 2 is mostly used in the United States.

Applicability by industry: ISO 27001 is for any organization of any size or industry, while SOC 2 type 2 is for service providers from any industry.

Compliance: ISO 27001 is certified by an ISO certification body, while SOC 2 type 2 is attested by a licensed CPA.

Purpose: ISO 27001 is intended to define, implement, operate, control and improve overall security, while SOC 2 type 2 is intended to prove the security level of systems against static principles and criteria.

Both frameworks have some similarities as well:

They both aim to protect the confidentiality, integrity and availability of information.

They both require documentation of policies, procedures and evidence of compliance.

They both involve external audits by independent third parties.

They both can help organizations gain trust from customers, partners and regulators.

Choosing between ISO 27001 and SOC 2 type 2 depends on several factors, such as the nature of your business, your target market, your customer expectations and your budget. Some organizations may benefit from pursuing both certifications to cover different aspects of their security and meet different requirements. However, this can also entail more time, resources and complexity. Therefore, it is important to weigh the pros and cons of each option carefully before making a decision.

Aventra Group, we strike for both as we are moving forward ensuring our clients’ safety and peace of mind when dealing with data security.

SOC 2 Type 2 

ISO 27001