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ISO 27001 is an international standard for Information Security Management Systems (ISMS). It provides a framework to manage and protect sensitive information through a systematic risk management approach.
SOC 2 is an auditing procedure developed by the AICPA to ensure service providers securely manage data to protect the privacy of their clients. It focuses on five Trust Services Criteria: Security, Availability, Processing Integrity, Confidentiality, and Privacy.
ISO 27001 is an international certification for an organization’s information security management system (ISMS). SOC 2 is an attestation report (not a certification) that evaluates how a company handles customer data. ISO 27001 is globally recognized, while SOC 2 is mostly relevant to companies in North America.
It depends on your clients and markets. If you are targeting global clients or need a formal certification, ISO 27001 is essential. If your clients are mostly in the US and ask for a third-party security assessment, SOC 2 might be sufficient. Some companies opt for both to cover wider markets.
Achieving ISO 27001 certification typically takes 3 to 6 months depending on the size and complexity of your organization, existing processes, and resource availability.
SOC 2 Type I is a point-in-time audit, while SOC 2 Type II covers a period of 3 to 12 months. After the initial report, annual audits are recommended to maintain compliance and demonstrate ongoing commitment to security.