What are the SOC 2 requirements for business?
Service Organization Control 2 (SOC 2) is a compliance standard for organizations to manage and protect sensitive data accordingly. With NordPass, you can implement robust, secure credential management practices and work toward achieving SOC 2 attestation.
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The main SOC 2 requirements: what you must know
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Disclaimer: The following list includes a selected subset of the SOC 2 requirements that NordPass can help implement. For a full list of controls, please consult the SOC 2 standard.
User authentication
Require users to authenticate themselves with unique identifiers like usernames and passwords, and implement multi-factor authentication (MFA) as an additional security step.
Authorization and role-based access
Assign users specific roles and permissions based on their job responsibilities. Limit access to sensitive data and functionality on need-to-know principles based on job functions.
Audit logging and monitoring
Monitor access logs for any suspicious or unauthorized behavior and set up alerts or notifications for potential security incidents.
Data access controls
Add access controls and authentication mechanisms to allow only authorized users access to personal data. Monitor and audit access to detect unauthorized or suspicious activity.
Access management
Review access permissions regularly and update them to ensure consistent alignment with the organization’s policies.
Password policies
Enforce strong password policies, such as the minimum length, complexity requirements, and update frequency.
Data breach response
Establish and maintain data breach response procedures, such as incident detection, containment, investigation, and notification of all affected parties.
Simplify your SOC 2 compliance strategy with NordPass
NordPass makes it easier to centralize your organization’s password management practices, ensuring you are prepared for the SOC 2 compliance reporting process.
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Use NordPass' Password Generator to create unique and complex passwords based on company password policies. Store them in the XChaCha20-encrypted vault for convenience and security, helping businesses adhere to SOC 2 requirements.
Enforce multi-factor authentication for all employees to access the encrypted vault, adding an additional layer of security to all company credentials stored in NordPass.
Add an extra layer of security to your accounts. NordPass Authenticator provides genuine second-factor authentication, allowing you to generate one-time codes without relying on third-party apps and share MFA-protected accounts with colleagues securely.
Assign different roles to employees in the NordPass application, limiting the actions they can do and the information they can access. You can assign all members one of the 3 unique roles: Owner, Admin, or User.
Apply granular access controls to credentials in NordPass and securely share them, restricting access to high-risk, sensitive data to select users. Set time-limited access, ensuring users only access information for a limited period.
Keep detailed audit logs of user activity, including vault access and sharing, with NordPass' Activity Log, which helps organizations monitor credential use, track who accessed specific passwords, and log any changes made to them.
Get an overview of all shared credentials and folders in the organization in the Sharing Hub. See who created them, who they were shared with, and what access rights users have.
Set a company-wide Password Policy that all organization members must follow. The Password Generator generates credentials accordingly, meaning that the password length and character requirements are locked based on this policy.
Find compromised email addresses and domains with the Data Breach Scanner. Check saved passwords against a database of leaks with Exposed Passwords and get notified if a match is found. Admins can monitor exposed credentials without accessing sensitive user data..
Synchronize NordPass with Splunk® to automatically transfer Activity Log data or extract reports as JSON payloads via API. This allows for centralized logging and analysis of security events and incident investigation.
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NordPass is a trusted choice for organizations prioritizing security and compliance. With ISO/IEC 27001:2022 certification, a SOC 2 Type 2 audit, and an independent audit by Cure53, NordPass Business demonstrates an in-depth understanding of the compliance journey.
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Frequently asked questions
SOC 2 comprises two types: Type 1 attests to compliance with the established security practice during a specific point in time, while Type 2 requires compliance between 3 to 12 months. Therefore, the process of acquiring SOC 2 attestation can be lengthy and requires consistent adherence to the compliance requirements.
Businesses that provide services and systems to their customers and handle their sensitive data and systems, such as cloud service providers, software-as-a-service businesses, data management and analytics providers, or financial institutions, may consider getting attested to SOC 2.
A SOC 1 report attests to the organization’s financial reporting practices, while a SOC 2 report attests to the organization's compliance with requirements for managing and protecting user and customer data.
This content is provided for informational purposes only and should not be considered legal or other professional advice. It is intended to offer general guidance on the SOC 2 attestation and how NordPass may assist in implementing relevant security controls. However, it does not cover the full scope of SOC 2 requirements or provide a definitive compliance solution. While every effort is made to ensure that the information is accurate and up-to-date, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, or applicability to your specific circumstances. Reliance on this information is strictly at your own risk. NordPass does not guarantee SOC 2 attestation, as compliance is determined by an independent third-party audit and depends on the organization's overall security posture. The use of NordPass solutions can support security best practices and compliance efforts, but compliance ultimately depends on various factors, including company policies, evolving regulations, and implementation measures. For personalized advice regarding SOC 2 compliance, consult a qualified legal or cybersecurity professional. In no event will we be liable for any loss or damage, including, without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits, arising out of, or in connection with, the use of this article. This article does not establish a client-professional relationship between Nord Security Inc. and the reader.