Companies are increasingly turning to software-as-a-service (SaaS); IDG predicts that organizations' share of SaaS apps will rise to 36% by the end of 2021, up from 24% in mid-2020.
This growth reflects the advantages organizations see in SaaS. For example, businesses can use SaaS to achieve faster deployment times than they can with on-premises software. In addition, SaaS solutions can run with a Web browser on any type of device, and operational management is minimal. There are no lengthy installation processes or equipment updates. There aren't even upfront hardware costs; organizations can use pay-as-you-go plans to scale their SaaS solutions, including investments in security technology and expertise.
Many employees are using the cloud to access business applications remotely, and organizations want to make sure their data remains safe in the process. A 2020 survey found that 52% of companies were using cloud services that had experienced a breach involving user data. The last thing businesses want is to work with a cloud service provider with a record of user data stolen in a breach.
This raises an important question: How can SaaS vendors demonstrate proof of their commitment to taking their customers' data security seriously?
SOC 2: An OverviewOne way SaaS vendors can demonstrate this is by achieving attestation with SOC 2. According to the Association of International Certified Professional Accountants (AICPA), SOC 2 is a means for SaaS vendors and other organizations to obtain reports th ..
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