SOC 2 Certification in Indonesia
SOC 2 Certification has become necessary in Indonesia, considering its growing economy and booming e-commerce, fintech, and IT services. In the local landscape where security data and winning trust of the customers are a priority, the importance of SOC 2 compliance can’t be overlooked. It is a must-have for all enterprises handling sensitive customers’ information. On the one hand, SOC 2 Type 1 analyzes systems’ information at a point in time, while SOC 2 Type 2 is used for a more thorough assessment over a prolonged period. This certificate shows the company applies strong security and confidentiality and maintains availability with international clients, investors, and partners. Collaborating with a SOC 2 Certification consultancy in Indonesia means attaining the certification quickly with ease.
What is SOC 2 Certification in Indonesia?
System and Organization Controls (SOC) is a globally recognized attestation standard for assessing companies’ internal controls over security, privacy, availability, processing integrity, etc. In Indonesia’s growing digital economy, where sectors like BPOs, cloud computing companies, and fintech are ruling the market, SOC 2 Certification has become an absolute necessity. Mishandled data, especially by network security providers, leads to data theft, cyberattacks, and even extortion. SOC2 reports are intended to meet the requirements of a wide range of users who need assurance about an organization’s controls.
ICFR, or international control over financial reports, verifies that the company’s controls are handled properly. This attestation builds trust among partners, stakeholders, and clients, as they are assured that the companies they partner with are taking their financial data seriously. Having this certification means a strong focus on cybersecurity, data privacy, and customer trust. Want to know how SOC 1 certification differs from SOC 2?
Quick Insights You Need To Know:
- A growing number of companies are adopting the SOC2 standard in Indonesia. Here is a 2022 report by Statista.
- This is how the Indonesian SOC Market size is growing and is projected to grow in the coming years by Verified Market Research
Why is SOC 2 Certification in Indonesia is Important?
The certification designed by the AICPA (American Institute of CPAs) assesses organizations’ abilities based on five major trust principles: confidentiality, Processing Integrity, Security, and Availability. Considering the rising data breaches and cyber threats, digitally advanced nations like Indonesia are on high alert. Not only does this mitigate risks, but it also opens global avenues for trade, builds trust and credibility, and indicates that you are following industry standards. For businesses looking to strengthen their compliance framework, other certifications like ISO 27001 Certification in Indonesia and ISO 27701 Certification in Indonesia can complement SOC 2 by further reinforcing information security and privacy management.
*Though SOC 2 certification in Indonesia is not legally binding, it is highly recommended for businesses involved in global trade that want to build repute and win trust in the market.
How to Get SOC 2 Certification in Indonesia?
The SOC2 assessment report focuses primarily on operational efficacy and security control over an extended period of 6 months to 1 year. It is meant to assess a company based on five trust criteria.
The first is security against unauthorized access, the second is processing data accuracy, the third is confidentiality of sensitive information, and the fourth is privacy (how personal data is used and disposed of). First, determine which applies to your organization. After that, check out your readiness assessment. Figure out the areas where the policies and processes are lacking. Thereafter, documentation for controls and policies will be created. Implement the requirements, and then choose a licensed audit firm. Once you are audit-ready. When you get the certification, maintain the compliance and get audits done at regular intervals.
Global Quality Services is committed to supporting you in attaining this certification and in the post-certification process, too. We understand your industry-specific needs and then tailor the strategy to meet those needs.
Why Choose Global Quality Services For SOC 2 Certification in Indonesia?
Best and Trusted Consultants: GQS has more than 20 years of experience, and we have been tagged as the best consultancy for complete support.
Highest Success Rate: A proven track record of guiding and preparing businesses for successful SOC audits.
A Comprehensive Support: GQS takes complete care of everything, from documentation to staff training, analysing gaps, suggesting corrective measures, etc.
Global Quality Services is one of the leading SOC2 consultants in Indonesia for managing your data and protecting your organization’s interests. With experts in every industry sector for implementing SOC2 standards, we assure a 100% track record of success.
FAQs
We always welcome your queries. Let us know whatever you have in mind. You can reach us via mail, social media, or simply by call. We are happy to hear your queries and comments anytime. Here are the expert answers to the most common queries we receive.
How long does a SOC2 report remain valid?
It remains valid for a year from the date of issuance. After that, you must undergo a fresh audit to maintain the certification. Long-term compliance with the certification helps you keep your brand image globally.
What is the cost of SOC2 in Indonesia?
The cost of SOC2 certification depends on several factors, such as the size of the organization, its industry type, complexity, etc. Additionally, there is an audit fee, ongoing annual maintenance, and training. Contact us to get a customized quote.
Who needs SOC2 certification in Indonesia?
Although the certification is meant for all companies handling sensitive financial data and customers’ information in Indonesia, it is especially relevant to IT companies, financial sectors, BPOs, SaaS companies, companies offering hosting services, etc.
How does SOC 2 Type 2 differ from SOC 2 Type 1?
Both attestation standards are meant to evaluate companies’ internal controls. However, they differ in their nature and scope. SOC2 Type 1 is intended to assess a company’s control over a specific point in time, and SOC2 Type 2is for an extended period, like 6 months to 12 months.
Can SOC2 Certification attract investors?
Yes. SOC2-compliant companies are the operational efficiency and control benchmark, attracting investors. Possessing this certification opens an avenue for global trade, as it is recognized internationally.
Who issues SOC2 certification in Indonesia?
It is not issued by any Government body but by CPAs, licensed public accountants, or audit firms authorized to conduct audits. These firms grant, conduct surveillance audits and renew the certificate.
Affordable and Faster SOC2 Certification is Just A Click Away!
SOC2 certification is recognized internationally, and organizations in Indonesia can benefit from it by increasing data security, meeting the requisite regulatory compliance, winning trust, managing risks, and much more. Global Quality Services has been helping companies gain market credibility and a business edge. So, look no further and partner with us today. With the best SOC2 consultancy, you can gain market exposure, attain a business edge, and ensure overall success