SOC 1, SOC 2, and SOC 3 Reports: Know the Differences

System and Organizational Controls (SOC) reports help your financial institution confirm that vendors can deliver products and services safely, ethically, and in compliance with regulatory expectations. However, knowing which SOC report to request (and why) can be confusing since different SOC reports serve different purposes.

Why Use This Resource?

• Learn the key differences among SOC 1, SOC 2, and SOC 3 reports
• Choose the correct type of report based on your organization’s needs
• Understand the scope of each report type
• Make informed vendor risk decisions related to due diligence, audits, and compliance

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