SOC 3 report address the same subject areas as a SOC 2 report, but, in a shortened version that can be used in a service organization’s promotional efforts and on its website. SOC 3 reports can serve as a marketing tool, with potential customers for instance, to show the organization has appropriate controls in place to mitigate risk to information security.
When your service organization obtains a SOC 3 report, it enhances the confidence among sellers and buyers alike. These customers and stakeholders gain confidence and place trust in your organization and its systems. This document allows you to reduce risk and provide assurance to the management and boards that need confirmation. The SOC 3 also provides a competitive advantage by giving your company independent verification by trusted professionals.