SOC 2 vs SOX: Understanding the Difference Between Two Key Compliance Frameworks | #soc 2 vs SOX
ERM stands for Enterprise Risk Management, a strategic framework that helps organizations identify, assess, and manage risks across all departments. Unlike traditional risk management, ERM takes a holistic view—linking risks to company-wide goals and ensuring leadership makes informed, proactive decisions.Understanding ERM mean is essential for businesses that want to stay ahead in a world filled with uncertainty.
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SOC for Cybersecurity and SOC 2 are both AICPA reporting frameworks, but they serve different audiences. SOC for Cybersecurity is a general-use report designed to assess an organization’s overall cybersecurity risk management program, providing assurance to a broad range of stakeholders. In contrast, SOC 2 is a restricted-use report focused on service organizations, evaluating their adherence to Trust Services Criteria (TSC). While SOC 2 primarily addresses service providers’ controls for data security and privacy, SOC for Cybersecurity is applicable to any organization looking to demonstrate robust cybersecurity practices. Both reports enhance trust but serve different compliance needs.
