A SOC 1 audit addresses the processing and security of shopper data across company and IT procedures. Amount 2: Relates to merchants processing amongst a single and 6 million real-entire world credit score or debit card transactions each year. They’re expected to complete an assessment annually using a Self-Assessment Questionnaire https://www.nathanlabsadvisory.com/blog/nathan/achieving-soc-2-compliance-a-crucial-step-towards-data-security/