SOC 1 is a financial audit report, SOC 2 is a security and controls report and SOC 3 report is similar to SOC 2 drafted to be presented to a general audience.
What is vendor risk management? Vendor risk management (VRM) is the policy of ensuring that the relationship between service providers and IT organizations does not create an opportunity for interruptions in business productivity, profitability, and performance. The VRM process indicates that organizations should consistently monitor, manage, and assess their risk potential from outside vendors and any third-party suppliers that provide IT products, services, and solutions or that have...
The difference is how the data is given and exactly what information of the that data is given. And I love that it answered so many questions simply.
SOC 1 is a financial audit report, SOC 2 is a security and controls report and SOC 3 report is similar to SOC 2 drafted to be presented to a general audience.