What Is the Main Difference Between a SOC 2 and SOC

question 101

Essay

What is the main difference between a SOC 2 and SOC 3 report?

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Definitions:

Intellectual Property

A category of property that includes intangible creations of the human intellect, such as inventions, literary and artistic works, designs, symbols, names, and images used in commerce.

Interstate Commerce

Trade, traffic, or transportation involving the crossing of state lines within a country, especially under federal regulation in the United States.

Regulation

Rules or laws designed to control or govern conduct, often imposed by governmental agencies.

State and Federal Laws

Regulations established by state and federal governments that businesses and individuals must comply with.