With the threat of third-party risk looming, demand is growing for Service Organization Control (SOC) reports to help organizations assess the safeguards their vendors have in place to mitigate costly data breaches and satisfy regulatory requirements. Organizations can benefit from the experience of service providers that have already been issuing SOC reports. In addition, organizations are now looking to align their SOC reports with sector-specific risk frameworks to assess risks in healthcare, cybersecurity, cloud computing, payments, and other industries.
