Why Banks and Other Financial Institutions Need a SOC 1®* Report
For banks and financial institutions, obtaining a SOC 1® report is one of the most effective ways to demonstrate that your organization is reliable, transparent, and secure.
Microsoft SDPR Compliance is a Natural Extension of Our Quality Compliance Services.
If your organization is looking to partner with Microsoft, Auditwerx can help you demonstrate your compliance with the Microsoft Supplier Data Protection Requirements (SDPR) and the Supplier Security & Privacy Assurance (SSPA) program.
Your organization must certify compliance before starting work and recertify on a yearly basis or if the scope of your services changes.
For organizations new to compliance or trying to navigate new business processes as they relate to compliance, a readiness assessment/gap engagement will provide the needed guidance to ensure compliance prior to an assessment.
The readiness process identifies any gaps in your controls and allows you to address those gaps before going through your assessment. This can provide efficiencies to the ultimate assessment process and help save time, cost, and avoid unanticipated gaps or expansion of scope.
Do you have questions about the Microsoft SDPR or SSPA?
The Microsoft Supplier Security and Privacy Assurance (SSPA) Program exists to communicate Microsoft’s data processing instructions to current and potential suppliers. These instructions are referred to as the Microsoft Supplier Data Protection Requirements (SDPR).
The Microsoft Supplier Data Protection Requirements (SDPR) are the standards that Microsoft suppliers must follow in order to securely process, transmit, or store data within the Microsoft ecosystem.
Your organization will need to certify compliance with the Microsoft SDPR ahead of becoming a Microsoft supplier or vendor, and will need to recertify on a yearly basis thereafter.
Your organization may also receive a request to recertify compliance if the scope of your work with Microsoft changes.
After joining the Microsoft SSPA program, and certifying compliance with the Data Protection Requirements, additional compliance attestations like PCI DSS may be requested, depending on the scope of data that your organization processes.
Download our free information on the qualities to look for in a SDPR assessor and how Auditwerx can help support your compliance initiatives.
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For banks and financial institutions, obtaining a SOC 1® report is one of the most effective ways to demonstrate that your organization is reliable, transparent, and secure.
You handle the most sensitive data imaginable—medical histories, personal identifiers, and financial records. Because patient trust is the foundation of care, demonstrating that your internal controls are rigorous and reliable is not just a regulatory necessity; it is a moral imperative.
A CMMC mock assessment serves as your technical rehearsal, helping you uncover hidden weaknesses before the official evaluators arrive. Learn how to navigate this process effectively.