SOC I (Service Organization Control 1) and SOC II (Service Organization Control 2) are auditing standards designed to help service organizations demonstrate their commitment to managing data with respect to security, availability, processing integrity, confidentiality, and privacy. SOC I focuses on internal control over financial reporting, whereas SOC II emphasizes the protection of customer data across five trust service principles. These frameworks are developed by the American Institute of Certified Public Accountants (AICPA) to provide an authoritative benchmark for service organizations to disclose their control activities and processes to clients and auditors.

Businesses need SOC I and SOC II compliance to assure clients and stakeholders of their rigorous data management and protection practices. Achieving compliance not only enhances trust and credibility in the marketplace but also sets a foundation for operational excellence by identifying and mitigating risks in service delivery. Furthermore, in an era where data breaches are costly and damaging to reputations, SOC I and SOC II serve as essential tools for businesses to demonstrate their dedication to high standards of security and privacy, ultimately helping them secure and retain customers in competitive industries.