In today's world, information security is a noteworthy concern for all organisations, including those outsourcing vital enterprise operations to third parties. Enterprises are vulnerable to data theft, extortion, and malware installation when mishandled data, particularly by application and network security providers. American Institute of Certified Public Accountants (AICPA) was the organization that created SOC 2 which stands for ‘Service Organization Control 2'.
Software development teams face a large and growing number of obstacles: shifting design requirements, organizational blockers, tight deadlines, complicated tech stacks and software supply chains. One emerging challenge that developers and IT leaders face is the need to stay compliant with regulations and control frameworks that stipulate comprehensive data security, incident response, and monitoring and reporting requirements.
The managed services provider (MSP) industry is at a pivotal moment in its history. With data management, security, and privacy regulations getting strengthened and added to the books all over the world, and with awareness of the risks associated with those issues on the rise, MSPs must take their role in compliance seriously. Any failure to do so will put individual MSPs at a competitive disadvantage, and incidents involving MSPs will be a stain on the industry’s reputation.
