Here’s five of the most compelling reasons why your business needs SOC 2.
Attestation of Compliance
Attestation Of Compliance (AOC) is an important concept in the world of business and compliance.
An AOC is a statement or document attesting to the compliance of a company’s frameworks with specific standards. It is most commonly used in the payment’s industry as part of compliance standards such as PCI-DSS. An AOC is required for all companies processing payments to give customers assurance that their payments are being handled securely.
The AOC document can sometimes be complex and lengthy, but it’s essential for any business that wants to process customer payments securely and confidently. This includes the security measures in place, processes for handling customer data.
What is Attestation of Compliance (AOC)
An AOC document is a written report outlining the measures taken by a company to ensure their compliance with the PCC-DSS framework. AOCs can be used to demonstrate the appropriate safeguards, compliance and best practices regarding the protection of user data and payment processing systems.
The Requirements for AOC
In order for an AOC to be issued, you must provide the necessary documentation, such as your payment processor’s certificate of compliance and other reports that verify the presence of a secure system.
Once all of your required documents are provided to auditors, they will review your data security protocols, processes, and systems along with any existing risk factors present.
After they have completed their audit, they will then issue an AOC report outlining their findings and any risks associated with your data security policy. AOC documents are valid for a certain timeframe and must be regularly updated in order to remain valid.
Role of AOC in PCI Compliance
AOC is critical for achieving PCI compliance, serving as evidence that an organization has implemented the controls necessary to ensure a secure payments’ environment. For PCI purposes, an AOC must be signed by a qualified security assessor and include evidence of successful testing of the payment system.
The document itself is quite comprehensive and contains:
- An overview of the organization’s activities related to handling cardholder data.
- Details on any relevant service provider agreements.
- A detailed report on how the organization complies with each PCI requirement.
The AOC is used to demonstrate to merchants, customers, stakeholders, and auditors that the organization has made appropriate investments towards securing cardholder data in compliance with industry standards. It provides tangible evidence that effective security controls are in place and are operating effectively. The AOC also serves as a valuable tool for insight into any potential areas of improvement in terms of security posture.
Creating an AOC Document and Report
The AOC process works like this:
- An independent assessor will verify your security processes, policies, and procedures in line with PCI DSS requirements, testing for any vulnerabilities.
- A report is then generated which outlines the status of your security controls and indicates any areas where additional measures may be need to be taken.
- The assessor will then provide an attestation of compliance from the company being assessed, which confirms 100% adherence to applicable PCI DSS standards.
By producing an AOC document and report, businesses can ensure they are meeting or exceeding all applicable payment industry security standards. This way, they can protect their customers’ data while providing convenient payment solutions.
Get your AOC in check with Scytale
Ultimately, attestation of compliance is a critical step in any business’s compliance program and should not be overlooked. AOC documents provide assurance to clients and customers that the necessary steps are being taken to maintain the highest standards of safety and security.
By following the appropriate guidelines and conducting regular document reviews, organizations can ensure that their programs meet the required standards and remain compliant.