Understanding Technology Risk and the Growing Need for SOC Reports

To be more competitive, entities are outsourcing specific tasks or entire business functions to third-party service organizations. Although a company can delegate responsibility to service organizations, it is important to remember that you are still accountable for ensuring appropriate controls are in place.

One of the key strategies for understanding and monitoring controls at a service provider is to request a third-party compliance report like a System and Organization Control (SOC) report. 

Our professionals shared ways you can utilize the most common compliance reports to help you develop an effective third-party risk management program to consistently assess and manage your technology risks. If you missed the live event, you can find the recording and slides below.

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