Reasons for Startups to build a Cybersecurity Program for SOC 2 compliance in 2023
A startup should build a cybersecurity program and aim for SOC 2 compliance for several reasons.
Firstly, cybersecurity is increasingly important in today’s digital age, where sensitive data and company assets are at risk of being compromised by hackers. By implementing a cybersecurity program, a startup can protect itself and its customers from data breaches, financial losses, and damage to its reputation.
Secondly, achieving SOC 2 compliance demonstrates to customers and stakeholders that the startup takes cybersecurity seriously and has implemented controls to secure its systems and protect sensitive data. This can build trust and confidence in the company, which is especially important for startups that may be less well-known and are trying to establish themselves in the market.
Thirdly, many industries have regulatory requirements for cybersecurity, and achieving SOC 2 compliance can help a startup to meet these requirements. For example, in the healthcare industry, HIPAA regulations require that certain security controls be in place to protect patient data. Achieving SOC 2 compliance can help a startup to demonstrate that it is in compliance with these regulations.
Finally, achieving SOC 2 compliance can also provide a competitive advantage for a startup. In an increasingly crowded market, being able to show that the company has taken steps to secure its systems and protect sensitive data can differentiate it from its competitors.
In conclusion, building a cybersecurity program and aiming for SOC 2 compliance is important for startups for a number of reasons. It can protect the company from data breaches and financial losses, build trust and confidence with customers and stakeholders, meet regulatory requirements, and provide a competitive advantage.
Don’t know how or where to start for this? We’re working with startups of all round sizes build their cybersecurity programs and attain a SOC 2. Contact today to discuss how we can work with you.
Want to get started on your own instead? Our partners at RealCISO have a SOC 2 readiness assessment with an auditor now available in their platform. Try them out for free at https://www.realciso.io/compliance/