SOC 2, ISO 27001, or PCI DSS? Choosing the Right Compliance Framework for Your Business

Achieving compliance is essential for businesses handling customer data. But with multiple security frameworks—**SOC 2, ISO 27001, and PCI DSS**—how do you choose the right one for your organization?

Understanding the Key Compliance Frameworks

Each of these compliance standards serves a different purpose and applies to different industries. Let’s break them down:

1. What is SOC 2?

**SOC 2 (System and Organization Controls 2)** is a **voluntary compliance framework** developed by the **American Institute of CPAs (AICPA)**. It focuses on **data security, privacy, and availability** for service providers that handle customer data.

Who Needs SOC 2 Compliance?

• ✅ SaaS companies handling customer data
• ✅ Cloud service providers
• ✅ Managed IT & security service providers

2. What is ISO 27001?

**ISO 27001** is an **international standard** for **Information Security Management Systems (ISMS)**. It provides a **structured, risk-based approach to security** and requires organizations to implement continuous security controls.

Who Needs ISO 27001 Certification?

• ✅ Companies operating globally that need a **recognized security standard**
• ✅ Businesses handling **sensitive customer data**
• ✅ Organizations working with enterprise clients that require strong security governance

3. What is PCI DSS?

**PCI DSS (Payment Card Industry Data Security Standard)** is a **mandatory security standard** for businesses handling **credit card transactions**. It focuses on **protecting payment data** from fraud and breaches.

Who Needs PCI DSS Compliance?

• ✅ E-commerce businesses processing credit card payments
• ✅ Payment processors and financial service providers
• ✅ Retailers handling credit card transactions

Comparing SOC 2, ISO 27001, and PCI DSS

How to Choose the Right Compliance Framework

Choosing the right security framework depends on **your business type, industry, and customer requirements**. Use this guide to determine the best fit:

• ✔ **Choose SOC 2 if...**
  • You are a **SaaS company** handling customer data.
  • Clients require **security & privacy attestation.**
  • You want to build trust and win enterprise deals.
• ✔ **Choose ISO 27001 if...**
  • You operate **internationally** and need a global security standard.
  • Your business requires a **structured information security program.**
  • You want to **align with enterprise security expectations.**
• ✔ **Choose PCI DSS if...**
  • Your business **processes credit card transactions**.
  • You are an **online retailer, fintech, or payment processor**.
  • You must comply with **payment security regulations.**

How to Achieve Compliance

Getting compliant with SOC 2, ISO 27001, or PCI DSS requires **risk assessments, security policies, and technical safeguards**.

Steps to achieve compliance:

1. Conduct a Security Gap Assessment – Identify compliance gaps.
2. Develop Security Policies – Implement **access controls, encryption, and monitoring**.
3. Perform Risk Assessments – Evaluate security threats & vulnerabilities.
4. Prepare for an External Audit – Work with **third-party assessors or auditors**.
5. Maintain Continuous Compliance – Conduct **regular security reviews and updates**.

Need Help Choosing the Right Compliance Framework?

If your business needs **SOC 2, ISO 27001, or PCI DSS compliance**, a **Fractional CISO** can provide expert guidance on achieving and maintaining compliance.