Across industries, new digital business models have emerged—many, in response to the pandemic—as companies innovate to meet shifting customer needs. Huge amounts of customer data are suddenly being pumped into new systems, many of them cloud-based.
Companies may find themselves contending with demands for more transparency regarding their data security and privacy practices to build trust with customers in these new digital environments. Enhancing controls over data, including use of emerging technology, is essential. How can you help protect customer data as digital business practices continually evolve?
More companies are discovering the advantages of System and Organization Controls (SOC) Reporting to proactively provide clients with third-party assurance over their processes and controls related to data and security, confidentiality and privacy.
Consider these three examples:
PwC offers a range of attestation services to help companies provide assurances regarding the security, availability, confidentiality, processing integrity, and privacy of their data. In addition to providing SOC reports, PwC also can assist your organization with:
We can help you assess the declarations made by management to customers regarding performance to advise on what type of reporting will meet your needs.
Our professionals will conduct interviews, review policies and procedures, perform walkthroughs, select samples for testing, and identify any control gaps and provide recommendations to help improve the efficiency and effectiveness of your SOC reports.
We can help determine the existence of auditable evidence needed for your SOC report and perform remediation testing.
Receive advice and assistance in developing formal project plans and tracking and monitoring progress for all of your organization's SOC reporting. PwC can also provide assist in working with external auditors, coordinating stakeholder interaction, and Identifying areas for improvement.
Contact a member of our team to learn more about how PwC can assist your organization with SOC reporting.