While both SOC 2 and ISO 27001 aim to improve information security, they are distinct in their approach and geography. ISO 27001 is an international standard that focuses on the creation and maintenance of an Information Security Management System (ISMS). It is a ‘certification’ that proves a company meets global standards. SOC 2, on the other hand, is a ‘reporting framework’ more common in North America. SOC 2 is more flexible, allowing companies to design their own controls to meet the Trust Services Criteria, whereas ISO 27001 is more prescriptive. Many global companies pursue both to satisfy different markets; ISO 27001 for international credibility and SOC 2 to satisfy the specific audit requirements of US-based enterprise clients and legal departments.
