Better Data Risk Mitigation For SaaS Providers

Better Data Risk Mitigation For SaaS Providers

Better Data Risk Mitigation for SaaS Providers

SaaS-Security

We live in a world that is rife with internal-controls breakdowns that result in security and data breaches, which can cause tremendous business and reputational damage for organizations.

The rise of cloud computing systems has now created an even greater need for organizations to develop the right controls to protect data that reside in the ‘cloud.’ Virtually every organization leverages Software-as-a-Service (SaaS) solutions – where data can be easily accessed through a web browser.

As most technology providers are migrating away from larger enterprise data systems to the cloud, it opens the doors to vulnerabilities. With SaaS providers hosting vital client data, they need to provide the right level of assurance that their clients’ sensitive data resides in a highly trusted environment.

Created by the American Institute of Certified Public Accountants (AICPA), Service Organization Control 2 (SOC 2) reporting allows any SaaS provider to mitigate risk when it comes to managing sensitive customer data in a virtualized environment.

Going through a SOC 2 security audit and receiving a favorable report allows SaaS providers to build-in a level of controls and trust in relationships with clients. However, the challenge with SOC 2 reporting is that many SaaS providers are unaware of this reporting and that not having an audit completed can cause significant business damage.

In addition, it is often the SaaS providers’ clients who inquire about SOC 2 reporting, and an “I don’t know” response does not provide clients with the critical assurance that they seek.

Fortunately, there are new tools that help SaaS providers determine their readiness to undergo a SOC 2 security audit and gain a ‘clean opinion.’

As more organizations are seeking support from SaaS providers, we will continue to see the true value of cloud computing emerge for any business sector. Providing the right level of assurance is critical for SaaS providers to further grow their businesses, and the little secret of undergoing a SOC 2 audit is now out of the bag.

Now, is the time to make sure that all of your clients’ data is residing in a truly trusted environment, and there are solutions for meeting this goal.

By Paul L. Shifrin, CPA, is a Director of Audit Services at SC&H Group

Paul directs SC&H’s SOC/SSAE 16 auditing practice, providing companies with audit services for their outsourcing of key components of their clients’ internal controls.

(Image Source: Shutterstock)

Follow Us!

CloudTweaks

Established in 2009, CloudTweaks.com is recognized as one of the leading authorities in cloud computing information. Most of the excellent CloudTweaks articles are provided by our own paid writers, with a small percentage provided by guest authors from around the globe, including CEOs, CIOs, Technology bloggers and Cloud enthusiasts. Our goal is to continue to build a growing community offering the best in-depth articles, interviews, event listings, whitepapers, infographics and much more...
Follow Us!
FacebookTwitterLinkedInGoogle+Share

Sorry, comments are closed for this post.

Join Our Newsletter

Receive updates each week on news, tips, events, comics and much more...

Advertising Programs

Click To Find Out!

Sponsored Posts

Sponsored Posts

CloudTweaks has enjoyed a great relationship with many businesses, influencers and readers over the years, and it is one that we are interested in continuing. When we meet up with prospective clients, our intent is to establish a more solid relationship in which our clients invest in a campaign that consists of a number of

Popular

Top Viral Impact

Cloud Infographic – The Power Of Cloud Disaster Recovery

Cloud Infographic – The Power Of Cloud Disaster Recovery

Cloud Infographic – The Power Of Cloud Disaster Recovery Preventing a Cloud Disaster is one thing. Recovering from a disaster is a whole other area of concern. Today’s infographic provided by CloudVelox outlines some best practices and safeguards in order to help your business make more informed decisions. About Latest Posts Follow Us!CloudTweaksEstablished in 2009,

2014 Future Of Cloud Computing Survey Results

2014 Future Of Cloud Computing Survey Results

Engine Yard Joins North Bridge Venture Partners, Gigaom Research and Industry Collaborators to Unveil 2014 Future of Cloud Computing Survey Results SAN FRANCISCO, CA–(Marketwired – Jun 25, 2014) – Engine Yard, the leading cloud application management platform, today announced its role as a collaborator in releasing the results of the fourth annual Future of Cloud Computing Survey,

Cloud Infographic – The Internet Of Things In 2020

Cloud Infographic – The Internet Of Things In 2020

Cloud Infographic –  The Internet Of Things In 2020 The growing interest in the Internet of Things is amongst us and there is much discussion. Attached is an archived but still relevant infographic by Intel which has produced a memorizing snapshot at how the number of connected devices have exploded since the birth of the

Can I Contribute To CloudTweaks?

Yes, much of our focus in 2015 will be on working with other influencers in a collaborative manner. If you're a technology influencer looking to collaborate long term with CloudTweaks – a globally recognized leader in cloud computing information – drop us an email with “tech influencer” in the subject line.

Please review the guidelines before applying.

Whitepapers

Top Research Assets

HP OpenStack® Technology Breaking the Enterprise Barrier

HP OpenStack® Technology Breaking the Enterprise Barrier

Explore how cloud computing is a solution to the problems facing data centers today and highlights the cutting-edge technology (including OpenStack cloud computing) that HP is bringing to the current stage. If you are a CTO, data center administrator, systems architect, or an IT professional looking for an enterprise-grade, hybrid delivery cloud computing solution that’s open,

Public Cloud Flexibility, Private Cloud Security

Public Cloud Flexibility, Private Cloud Security

Public Cloud Flexibility, Private Cloud Security Cloud applications are a priority for every business – the technology is flexible, easy-to-use, and offers compelling economic benefits to the enterprise. The challenge is that cloud applications increase the potential for corporate data to leak, raising compliance and security concerns for IT. A primary security concern facing organizations moving