SOC (System and Organization Controls) certification is not mandatory for all businesses. However, it may be required by certain industries or customers to demonstrate that a company has implemented effective controls to protect sensitive data and information.
 
For example, healthcare providers and organizations that handle electronic health records are required to comply with HIPAA regulations, which include requirements for protecting patient health information. SOC 2 certification can help demonstrate compliance with HIPAA's security and privacy requirements.
 
Similarly, companies that process credit card transactions are required to comply with the Payment Card Industry Data Security Standards (PCI DSS). SOC 2 certification can help demonstrate compliance with PCI DSS's security requirements.
 
In addition to industry-specific requirements, some customers may require SOC certification as part of their vendor selection process. For example, a company may require its vendors to have SOC 2 certification to ensure that their data and information is protected by appropriate controls.
 
While SOC certification is not mandatory for all businesses, it can be a valuable tool for demonstrating security, privacy, and compliance capabilities to customers and stakeholders.