Meiran Galis on Data Security, SOC 2 and ISO 27001 [Podcast]




Compliance Perspectives show

Summary: By Adam Turteltaub<br> <br> Improving data security at your organization doesn’t just protect you, it can also increase your business, explain Meiran Galis, Chief Executive Officer of <a href="https://scytale.ai/">Scytale</a>. Customers increasingly want to know that their business partners’ systems are secure and that critical data will not get stolen or held hostage in a ransomware attack.<br> <br> To ensure that they are meeting data security standards and can provide their customers the assurance that they seek, many organizations pursue SOC 2 or ISO 27001 certification. As Meiran explains, there are key differences between the two.<br> <br> * SOC 2, he reports, has become the new gold standard for SaaS applications. It is generally considered of greater value in the US and is not technically a certification. An attestation report is made and independently certified.<br> * ISO 27001 is a traditional certification and is focused on information security management. It is more popular outside the US, especially in Europe.<br> <br> So, should your organization pursue SOC 2 or ISO 27001? That depends on where your current and potential customers are and what they require. Ask sales if prospects and customers are already wanting a certification from your organization.<br> <br> Once you decide on which certification to pursue, or if both make sense, don’t expect it to be a fast process. For small organizations it may take 250 hours of work.  For larger companies, it may take 1000 hours or more.<br> <br> Once you earn the certifications, have a plan in place to continuously monitor and periodically audit your efforts.<br> <br> Listen in to learn more about whether SOC 2, ISO 27001 or both are necessary to protect and grow your organization.