Why Should Managed Service Provider’s Invest in a SOC Audit?
Managed Service Providers (MSP’s) serve the role of managing and protecting a company’s hardware, software and network infrastructure. However, they are not all the same. How do clients know if their provider has the right processes and controls in place to reliably support an organization’s operations and keep all data secure? SOC audits for MSPs take the guesswork out of verifying that service providers are qualified to get the job done.
When a company is considering outsourcing and the potential vendor has had a SOC audit done, it means that an external auditor has worked with them to review and test their processes and systems. As a vendor, MSPs depend on trust. If a client can’t trust your services, why would they choose to use it? If your organization suffers from a data breach, the negative impact to your reputation would be a ripple effect. The continuity of your business depends on securing your systems and proving that you are, in fact, a secure MSP.
When an MSP undergoes an audit, it demonstrates that they are invested in providing secure services and ensuring that their clients’ information security assets remain protected.
What Are Some Potential Risks and Consequences of Not Getting a Proper SOC Audit?
- Damage to reputation if a data breach occurs
- Loss of current clients if network has been compromised
- Loss of future sales due to not being certified
- Competitive edge to other vendors
- Potential lawsuits or fines due to cyber attacks
- Costs to investigate and notify impacted clients of a breach
Contact our team to discover how your MSP can reap the benefits of a SOC Audit!