How SaaS Companies Can Build a Compliance Roadmap

My Post - 2019-08-13T153622.567.pngMeeting compliance requirements can be a challenge, but it can also open up new markets, speed your sales process, and improve your company’s overall security posture.

When it comes to improving your security maturity, compliance can be a useful part of your strategy.

Whether you’re targeting specific industry verticals or going after international customers, entering new markets requires continuous education about the latest in compliance and regulatory standards as they relate to data privacy and security. With that in mind, this post takes a brief look at key standards in order to give you insights into the security and privacy requirements that may be pertinent to the way your SaaS company engages with prospects and customers and handles sensitive data.

First Steps

If you are operating in Amazon Web Services (AWS), as many SaaS companies are, you’ll want to make sure your infrastructure is configured in accordance with CIS benchmarks and AWS best practices. Doing so can help you meet many security and compliance requirements, simplifying your compliance journey from the start.

Once you’ve secured your AWS infrastructure, your next move should be to determine which compliance regulations apply to you now and which you want to adopt in the future, and, if you are already compliant, what changes and updates you need to be aware of. This will help determine where your company should focus its compliance efforts as you move ahead.

SOC 2

As a component of the American Institute of CPAs Service Organization Control reporting platform, SOC 2’s goal is to assure that systems are configured for maximum security and privacy of customer data. SOC 2 is specifically designed for service providers storing customer data in the cloud, meaning that it applies to nearly every SaaS company. It is one of the most common compliance frameworks and, thus, is often the first that SaaS companies choose to comply with.

So what does it take to become SOC 2 compliant? SOC 2 goes beyond a simple technical audit, requiring you to establish and follow stringent security policies and procedures that encompass the security, availability, processing integrity, and confidentiality of any data stored in the cloud.

In terms of monitoring, it’s important to set up a baseline of normal activity in order to continuously monitor for any unusual behavior. Detailed audit trails will allow for deep, contextual insight into the root cause of any attacks, allowing you to remediate the issues, thereby keeping up with SOC 2 requirements.

Threat Stack Successfully Completes Type 2 SOC 2 Examination

To learn about Threat Stack’s experience achieving Type 2 SOC 2 compliance, check out:

  • Threat Stack Successfully Completes Type 2 SOC 2 Examination (blog post)
  • How to Achieve Type 2 SOC 2 with Zero Exceptions (webinar)

GDPR

The General Data Protection Regulation (GDPR) has many companies working hard to understand and comply with some of the most stringent privacy standards we’ve seen yet. With beefed up enforcement, the new framework also establishes some of the highest financial penalties for those in breach, so you’ll want to pay attention. GDPR applies to any organization, regardless of location or industry, that processes or stores the personal data of EU subjects.

Enacted by the European Parliament, the Council of the European Union, and the European Commission, GDPR is designed to harmonize data privacy laws across Europe. The mandate aims to empower individuals within the EU to regain control of their data privacy and to reshape the way organizations across Europe approach data privacy, while also addressing the export and use of data by organizations outside the EU. – Read more

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