SOC1, SOC2, PCI DSS L1
Like the Government's NIST and CISA.
Like the Government's NIST and CISA.
SOC 1, SOC 2, and PCI DSS Level 1 are standards used primarily in the private sector to ensure the security, availability, and integrity of systems and data. -- They are similar to government standards like those from NIST (National Institute of Standards and Technology) and CISA (Cybersecurity and Infrastructure Security Agency) in that they all aim to enhance security and compliance, but they differ in scope and application.
BLUF:
SOC 1 and SOC 2 are types of Service Organization Control (SOC) reports, which are designed to help service organizations demonstrate the effectiveness of their internal controls.
PCI DSS (Payment Card Industry Data Security Standard) Level 1 is the highest level of PCI compliance, designed to ensure the security of cardholder data for organizations that process, store, or transmit credit card information.
SOC 1.
Purpose: SOC 1 reports focus on the internal controls over financial reporting (ICFR). They are relevant for organizations that handle financial transactions or data that could impact a client's financial statements.
Scope: The audit assesses the design and operating effectiveness of controls that are relevant to a client's financial reporting.
Types:
Type 1: Evaluates the design of controls at a specific point in time.
Type 2: Evaluates the design and operating effectiveness of controls over a period of time.
SOC 2.
Purpose: SOC 2 reports focus on the controls related to information security, availability, processing integrity, confidentiality, and privacy. They are relevant for technology and cloud service providers.
Scope: The audit assesses the controls based on the Trust Services Criteria (TSC), which include:
Security: Protection of the system against unauthorized access.
Availability: Accessibility of the system as agreed upon.
Processing Integrity: Completeness, accuracy, and timeliness of processing.
Confidentiality: Protection of information designated as confidential.
Privacy: Protection of personal information.
Types:
Type 1: Evaluates the design of controls at a specific point in time.
Type 2: Evaluates the design and operating effectiveness of controls over a period of time
PCI DSS Level 1.
PCI DSS (Payment Card Industry Data Security Standard) Level 1 is the highest level of PCI compliance, designed to ensure the security of cardholder data for organizations that process, store, or transmit credit card information.
Requirements
Scope: Applies to merchants processing over 6 million transactions annually or service providers handling large volumes of card data.
Assessment: Requires an annual on-site audit conducted by a PCI SSC-approved Qualified Security Assessor (QSA) or an internal security assessor (ISA).
Key Requirements:
Build and Maintain a Secure Network: Install and maintain a firewall configuration to protect cardholder data.
Protect Cardholder Data: Encrypt transmission of cardholder data across open, public networks.
Maintain a Vulnerability Management Program: Use and regularly update anti-virus software.
Implement Strong Access Control Measures: Restrict access to cardholder data by business need-to-know.
Regularly Monitor and Test Networks: Track and monitor all access to network resources and cardholder data.
Maintain an Information Security Policy: Maintain a policy that addresses information security for employees and contractors.