#United States #New York #SOC 2 Compliance #TAC Security #Socify.ai

Introduction

TAC Security, a leading player in the cybersecurity sector, has announced the launch of Socify.ai, a groundbreaking AI-driven platform designed for SOC 2 compliance automation. This innovative solution aims to streamline and modernize the processes that organizations must undertake to be SOC 2 compliant, catering to businesses of all sizes and industries.

What is SOC 2?

SOC 2, or System and Organization Controls 2, is a set of compliance standards created to ensure that service providers securely manage data to protect the privacy and interests of their clients. The aim is to provide assurance that organizations have the necessary controls in place to safeguard data. However, achieving SOC 2 compliance often entails significant complexity and expense.

Overview of Socify.ai

Launched as part of TAC's ESOF Suite (Enterprise Security under One Framework), Socify.ai is designed to fill gaps within the current compliance landscape. Its features include support for both Type I (point-in-time) and Type II (annual recertification) assessments, ensuring that businesses maintain continuous compliance with efficient processes.

Key Features and Benefits

Socify.ai is distinguished by its security-first architecture and audit-centric design, offering several unique functionalities:

• - Audit Vault: This feature allows auditors to mark controls as pass or fail directly, which can shorten the review cycles by up to 40%.
• - Flexible Evidence Collection: The platform accommodates both automated and manual evidence collection from a variety of sources, effectively closing control gaps.
• - Built-In Policies and Procedures: With over 40 pre-prepared policy templates, organizations can reduce their dependence on external consultants significantly.
• - Cloud-Native Depth: There are more than 135 automated compliance checks aligned with SOC 2 controls across major cloud platforms such as AWS, GCP, and Azure.
• - Socify AI: This component offers searchable compliance intelligence, adding contextual assistance and guidance for remediation, stretching far beyond traditional dashboards.
• - Learning Engine: The platform continuously refines its recommendations based on past patterns and auditor input, resulting in improved accuracy and efficiency over time.

Cost-Effective Solutions

Traditional pre-audit consulting can cost companies anywhere from $6,000 to $50,000. However, TAC Security's Socify.ai plan starts at $2,700 annually, which includes CPA certification. This pricing model makes Socify.ai not only a cost-effective solution but also one that provides scalability across various compliance frameworks.

Streamlining Compliance Processes

By supporting the entire SOC 2 lifecycle, Socify.ai offers:

• - Policies and procedures aligned with SOC 2 principles.
• - Real-time compliance dashboards.
• - Centralized evidence collection.
• - Streamlined communication with auditors.
• - Instant remediation guidance through the AI Assistant.

The comprehensive nature of Socify.ai allows organizations to reduce audit preparation time by up to 40%, improve reporting accuracy by more than 40%, and cut review cycles by 30-40%. Such efficiencies can lead to significant annual savings, making compliance more accessible to organizations.

The Market Potential

The global compliance automation market is projected to reach approximately $4.2 billion by 2024, with SOC 2 solutions representing a rapidly growing segment of that market. A considerable portion of potential clients includes both nascent startups and large corporations overseeing multiple compliance frameworks.

The Vision Behind Socify

TAC Security's ambition extends beyond just providing compliance solutions. Their goal is to redefine the perception of trust and security across the global landscape. Trishneet Arora, Founder and CEO of TAC Security, voiced this sentiment passionately:

“With Socify, we've eliminated barriers associated with SOC 2 compliance, making it accessible and affordable for any business.”

In closing, with over 6,000 clients spread across 100 countries, TAC Security aims to elevate its reach even further by integrating Socify.ai into its offerings and striving to bring 10,000 companies on board within a year. As they continue to innovate, TAC Security reinforces its status as a pioneering force in the global cybersecurity arena, specifically within vulnerability management and compliance automation.

About TAC Security

TAC Security (TAC Infosec Limited) has witnessed considerable growth, highlighted by its oversubscribed $1 billion IPO. Their primary platform, ESOF, is known for its depth in cyber scoring and vulnerability assessments. As a globally acknowledged entity, TAC Security has earned notable recognition, including CREST and ISO 27001 certifications. The company endeavors to provide advanced cybersecurity solutions, ensuring continuous support for clients to build trust in the digital world.

For further details, visit TAC Security's official website.