System and Organization Controls (SOC) Assessment

Understand the effectiveness of your vendor's controls based on an assessment of your vendor's SOC reports.

SOC reports have become the go-to evidence request for organizations when performing due diligence and ongoing monitoring of their third party’s technical controls. Collecting, analyzing and understanding these SOC reports is crucial to ensure the vendor is a safe partner. Venminder has a highly trained and qualified staff of security professionals who assess the vendor’s SOC reports and provide a comprehensive assessment regarding the vendor’s internal controls.

A comprehensive assessment regarding your vendor’s internal controls: Venminder’s team assesses the controls outlined within the SOC report and notes whether those controls are suitably designed and operating effectively. Know if your vendor is not maintaining a well-formed control environment.

**Increased efficiency, reduced workloads and costs: **We understand that hiring certified staff to perform SOC reviews can be costly or simply too time-consuming on limited internal resources. When you partner with Venminder, our team becomes an extension of your staff and at a fraction of the cost.

Highlighted areas of concern: Venminder will guide you on recommended next steps where we see areas of concern so you can ensure the vendor remediates those issues.

Assessment includes:

• Overall risk rating of the vendor’s control environment
• Individual risk ratings on a vendor’s:
• Reporting Period
• Organization and Administration
• Information System
• Data Center
• Control Objectives and Activities
• Subservice Organizations
• Complementary User Entity Controls (CUEC/UCC)
• Areas of concern
• Recommended next steps
• Created and signed by a certified expert