SOC 1 is a financial audit report, SOC 2 is a security and controls report and SOC 3 report is similar to SOC 2 drafted to be presented to a general audience.
IT Vendor Risk Management ensures that external vendors meet security and compliance requirements for organizations. It helps mitigate risks associated with outsourcing IT services, safeguarding against potential data breaches and ensuring business continuity. Organizations rely on IT Vendor Risk Management to assess, monitor, and mitigate risks posed by third-party vendors. This solution evaluates potential threats, helping businesses implement strategies to manage and mitigate these risks...
The difference is how the data is given and exactly what information of the that data is given. And I love that it answered so many questions simply.
SOC 1 is a financial audit report, SOC 2 is a security and controls report and SOC 3 report is similar to SOC 2 drafted to be presented to a general audience.