SSAE 18 SOC Reports

Service Overview

SSAE 18 SOC REPORTS

Many organizations today increase their scope and productivity by outsourcing tasks to service organizations. However, when user entities outsource functions to third parties, some risk is “outsourced” as well.

Delegating operations, such as customer support and IT enterprising, to third-party service organizations can be an efficient and cost-effective way to meet your organizational needs, but it invites a level of risk.  It’s ultimately your business’s responsibility to ensure the security of any sensitive data, so it i essential to understand how your service organization protects your information. Read More

Our Approach

MegaplanIT’s Service Organization Control (SOC) Reports make it easy to ensure that the interests of your business are protected by your third-party partners. Many organizations today increase their scope and productivity by outsourcing tasks to service organizations. However, when user entities outsource functions to third parties, some risk is “outsourced” as well. That’s where SOC Reports come into play and provide substantial benefit to your organization. Our wide range of SOC reporting options will help you understand the big picture, so you can be confident that your information will remain secure, confidential, and available throughout the lifecycle of your business relationship.

SOC Reporting Made Simple

Delegating operations to third-party service providers can be an efficient and cost-effective way to achieve your organizational goals, but it also invites risk. It’s ultimately your organization’s responsibility to ensure the security of sensitive data and assets, so it’s essential to understand how your third-party partners protect your information.

Our Service Organization Control (SOC) reports make it easy to ensure the interests of your business are protected by third-party partners. Our wide range of SOC reporting options will help you understand the big picture, so you can be confident your information will remain secure, confidential, and available throughout the lifecycle of your business relationship.

We understand that SOC Reporting can be complex and challenging. That’s why we provide a comprehensive pre-assessment that evaluates your readiness and streamlines the SOC Reporting process. Our pre-assessments set clear expectations for your service organization’s audit—including time and cost estimates—so we’ll be able to narrow the scope to meet your goals and objectives.

Key Benefits

SSAE 18 SOC REPORTS

Ensure sensitive information remains secure & confidential

Control third-party security risks

Comprehensive pre-assessment validates your readiness

A wide range of SOC reporting options available

Which SOC report is right for you?

SOC 1 Reports

Project Report Timeframe

Seeking a cost-effective method of preparing for a service audit.

Planning to perform an initial Type 2 service audit.

Your service organization currently identifies control vulnerabilities using an internal reporting system.

Your organization has not recently performed an audit (financial or regulatory) that included IT controls.

Type 1 Reports

Type 1 reports focus on the effectiveness of policies and procedures in place at a service organization at a specified point in time and (1), confirm that controls are actively in place, (2), measure the effectiveness of the controls, and (3), assess how fairly the service organization’s management has presented the controls to you.

Type 2 Reports

Type 2 reports cover policies and procedures currently in operation and test their effectiveness over a period of time. These reports include everything from the Type 1 report (examination and confirmation of controls in place) plus an analysis of the operating effectiveness of controls over a specified period of at least six consecutive months.

SOC 2 Reports

Outlining The Controls

Requiring third party verification.

Your organization operates a system that is critical to your customers.

Your organization prefers a detailed audit report.

Your organization's system does not affect your customer's financial reports.

Your organization desires that the audit be performed based on the five Trust Services Principles.

Outline The Controls

➥ Confidentiality

➥ Security

➥ Processing

➥ Integrity

➥ Availability of information

SOC 2 reports provide evidence for your customers and other stakeholders that effective controls are in place which meet worldwide security concerns. 

SOC 2 reports are intended for a wider range of audiences than SOC 1 reports but are not available to the general public. Their availability is restricted to those who have a demonstrated need for the information contained therein, and these reports are often a component of regulatory oversight, vendor management programs, and internal corporate governance. 

SOC 3 Reports

Trust Services Reports

Your organization's reputation relies on the ability to keep information secure, accurate, and private.

Your organization operates a system that is critical to your customers.

Your organization desires an independent review that allows you to display the SOC 3 seal on your website.

Your organization employs more than ten people and/or exceeds $2 million in annual revenue.

Trust Services Reports

SOC 3 reports, also known as Trust Services Reports, are more general and are intended for a broader audience than the other reporting options. They’re designed for anyone interested in a CPA’s opinion about the availability, security, and processing integrity of controls at a service organization. 

SOC 3 Reports are often used for marketing purposes, distributed online, or posted on a service organization’s website to prove that they have controls in place to manage risks associated with outsourcing services. 

What Our Customers Say

Our Security Consultant was extremely well organized, knowledgeable, personable and responsive. Our IT Director was extremely satisfied. I shopped for year one and MegaplanIT was the most reasonable and all-encompassing and you felt they were in it for a long term relationship. Do not hesitate to hire MegaplanIT they are very approachable and responsive. I heartily recommend them.
Travel Related Technology & Payment Solutions
CEO
For the past four years, we have partnered with MegaplanIT for our annual PCI-DSS Level 1 audit. In addition to that annual work, we have also found them to be a great source of advice and best-practice recommendations; their expertise has helped us conceptualize and plan the robust, secure systems that our customers count on each day. Their team is a pleasure to work with, and we highly recommend their people and services.
Payments and Software Company
Chief Technology Officer
From sales to the final report (and everything in between), working with MegaplanIT has been a pleasure. Their vast PCI knowledge, along with their fast response times far exceeded my expectations. They truly understand PCI, and how that applies to our virtual environment. They are a great partner, and always try to make themselves available when we need them. A truly professional and dedicated team!
Payment Technology Merchant Acquirer
CEO

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At MegaplanIT, we understand the demands of your business. You need your data to be accessible to your organization, yet impenetrable from the outside. You also have to comply with increasingly stringent information security regulations, which are vital not only to your security but to your success. On top of that, you’re still, well—running a business.

Our innovative IT security and compliance solutions are designed to deliver customized, cost-effective service on time—because your priorities are our priorities. With a highly qualified team of PCI-DSS QSAs, Penetration Testers, and Information Security Consultants here at MegaplanIT, we will assess your unique company and business environment and design a path to security that will fit all of your needs.

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