Difference Between SOC 1 and SOC 2 Reports: Which One Does Your Business Need?

In today’s digital landscape, businesses rely on third-party service providers to handle sensitive financial data and customer information. To ensure that these providers maintain proper controls and security measures, organizations often require SOC (System and Organization Controls) reports. However, many businesses struggle to understand the difference between SOC 1 and SOC 2 reports and which one is appropriate for their needs.
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