VENDILIGENCE™

System and Organization Controls (SOC) Assessment

Our SOC Assessment provides an in-depth analysis of your vendor's SOC reports, assisting you in ensuring their control environment is secure and compliant. This assessment allows you to easily understand your vendor's controls, helping protect your sensitive data and maintain regulatory compliance.

Expert Analysis
Regulatory Compliance Assurance
Comprehensive Control Coverage
Focused and Efficient

Expert Analysis

Our team of information security professionals, including CTPRPs, CISMs, CISAs, CISSPs, ABCPs, and more, meticulously reviews your vendor's SOC reports. They evaluate the effectiveness of controls, identify gaps, and provide actionable insights in a focused and readable format.

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Regulatory Compliance Assurance

Our assessment helps you ensure that your vendor's controls meet industry standards and regulatory expectations. This aids in maintaining compliance and avoiding regulatory issues, with clear gap and exception callouts for quick identification and resolution of potential issues.

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Comprehensive Control Coverage

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Focused and Efficient

Our SOC Assessment is designed to concentrate on essential information, making it straightforward and user-friendly. This approach facilitates a more effective evaluation process for your examiners or auditors.

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Subservice Organizations

We review the reliance on external entities for service delivery by the vendor, highlighting their use and helping to easily discover potential areas of increased risk arising from this third-party service.

Organization and Administration

We review the involvement of senior management in IT security, employee adherence to policies, thoroughness of background checks, and effectiveness of vendor management practices, providing insights into the administrative controls and their enforcement.

Information Systems

We look to validate that comprehensive security measures including, IDS/IPS, antimalware defenses, web application firewalls, and encryption practices, are in place. We also review change, incident, and patch management procedures, assisting you in ensuring robust information system security.

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Data Center and Resiliency

We assess physical security measures and environmental controls such as electronic access, security personnel, cooling systems, and fire suppression, as well as the robustness of backup procedures to maintain data integrity and operational uptime.

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Control Objectives and Activities

Our assessment helps you focus on the effectiveness of specific control activities by reviewing exceptions found in SOC reports and assessing overall impact and providing a detailed and easy to digest summary of any issues found.

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Complementary User Entity Controls (CUECs)

This section details organizational responsibilities in maintaining controls that complement those of the vendor, helping to foster a comprehensive security strategy that covers all aspects of user and vendor responsibilities.

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STEP 1

Gather Essential Information

We start by collecting foundational details about each potential vendor, such as corporate address, key contacts, and a brief description of their services. This helps us understand the vendor's business identity and operational scope.

STEP 2

Analyze SOC Report

Our team conducts a detailed review of your vendor's SOC report, focusing on key areas such as subservice organizations, organization and administration, information systems, data center and resiliency, control objectives and activities, and complementary user entity controls (CUECs).

STEP 4

Facilitate Informed Decision-Making

You receive a comprehensive document detailing the findings from the SOC assessment, available directly on the Venminder platform, and is downloadable to easily share offline. This information aids your organization’s leaders in making informed decisions.  

Technology Standards and Frameworks

NIST 800-53 Rev. 5

ISO/IEC 27001:2022

NIST Framework for Improving Critical Infrastructure Cybersecurity version 1.1

AICPA Trust Services Criteria

Center for Internet Security - Critical Security Controls

Regulations, Statutes, and Laws

EU General Data Protection Regulation

New York Department of Financial Services 23 NYCRR 500

Health Insurance Portability and Accountability Act

Interagency Guidelines Establishing Information Security Standards

Directive (EU) 2022/2555 on Measures for a High Common Level of Cybersecurity Across the Union

New York Department of Financial Services - 23 NYCRR 500

Industry Guidance

FFIEC IT Examination Handbook - Operations Booklet

FFIEC IT Examination Handbook - Business Continuity Booklet

OSFI B-13 Technology and Cyber Risk Management

Interagency Guidance on Third-Party Relationships (Board, FDIC, & OCC) 06.2023

Free Sample

System and Organization Controls (SOC) Assessment

Get a sample copy of this risk assessment to see how Venminder can reduce your work and help you identify potential gaps at your vendor before they disrupt your business or your customers.

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