Contact Sales: 325-223-9500    |    Customer Portal
Download a Resource

SOC3 Overview

About This Resource

SOC3 Overview What is a SOC Report? There are actually three types of SOC reports; SOC 1, SOC 2, and SOC 3. The first of the SOC reports, SOC 1, provides a formal audit of a company’s self‐imposed controls for financial transactions.

The shortfall with SOC 1 is that the relevance of the audit solely depends on the controls formulated and included by the service provider and the credibility of the auditor. With the emergence of new technology services and cloud computing entities, the need was recognized to protect against the over‐application of SOC 1 by standardizing the adherence to the industry standard Trust Services Principles, Security, Availability, Processing Integrity, Confidentiality and Privacy.

In recent years SOC 2 Type 2 has become the industry best practice for ensuring security of highly sensitive cloud‐hosted data. SOC 2 significantly expands on SOC 1 but may not be cost-effective for smaller organizations who are unable to readily meet the demands of the five Trust Services Principles and an in‐depth audit of their security protocols.

Register to Download

* = Required Field

You May Also Like...

SaaS Environment

Learn about the TimeClock Plus SaaS Environment.

Security Overview

Learn about TCP's security framework based on industry best practices and widely adopted security principles.

SOC3 Overview

What is a SOC Report? Why the need for a SOC report? Which report should I require? Find out these answers and more.

TimeClock Plus Software Fact Sheet

Adopt the simplicity of our integrated time collection devices; your employees will thank you.

Dashboard

See it in Action

See how you can empower your people with proven workforce management solutions.

Watch a Demo Video