How much does SOC 2 certification cost in 2026? Budget guide
The cost of SOC 2 certification is a critical consideration for businesses in 2026. Due to its complexity, there is no fixed price tag. This process demands significant time and financial investment, which is essential for robust cyber security measures.
Particularly noteworthy is that over 353 million individuals in the U.S. were affected by data breaches, data leaks, and exposures in 2023, highlighting the urgent need for strict security protocols.
Source: U.S. annual data compromises and affected individuals from 2005 to 2023
As companies expand and gain traction in the market, the demand for such cyber security certifications from stakeholders amplifies. However, understanding the financial implications of SOC 2 compliance can be challenging.
In this guide, we’ll discuss the average costs associated with SOC 2 audits, offering clarity and insights to help you seamlessly navigate this essential aspect of modern business.
How much does SOC 2 certification cost?
The total cost of SOC 2 certification in 2026 typically falls between $30,000 and $150,000. However, these costs depend on several critical factors, which are as follows.
- Size and complexity: Larger organizations require higher costs due to extensive systems and data.
- Scope: Evaluation can cover specific aspects or the entirety of operations, impacting costs accordingly.
- Operational complexity: Complicated infrastructures lead to extended assessment timelines and increased expenses.
- Number of Trust Services Criteria (TSC): Assessing all TSCs versus selecting relevant ones affects costs.
- Type of compliance: Type II assessments are more comprehensive and costly than Type I.
- Auditor experience: Geographic considerations and expertise influence overall expenses.
Moreover, continuous security compliance extends beyond certification, necessitating ongoing monitoring programs for information security management systems. The cost of these programs depends on your preferred operational approach:
- Utilize internal resources and expertise for manual implementation.
- Engage consultants or external assistance for periodic internal audits.
- Invest in continuous monitoring tools for streamlined management.
SOC 2 certification cost (Type 1)
In a SOC 2 Type 1 audit, the auditor evaluates your protocols, procedures, and controls to ensure the safety and security of customer data. Costs vary based on organization size, system complexity, audit preparedness, and auditor selection.
Initial expenses typically start at $5000 for up to 3 TSCs and can reach $25000 for more than 3 TSCs. While cost-conscious, prioritize experienced auditors for optimal results, as SOC 2 compliance emphasizes security posture and industry standards.
Quick link: SOC 2 Type 1 Vs. SOC 2 Type 2
SOC 2 certification cost (Type 2)
SOC 2 Type 2 assessments span 3-12 months, incurring slightly higher expenses. Costs range from $7000 to $50000, influenced by organization size, system complexity, audit preparedness, selected TSCs, and auditor type.
Consider additional expenses like readiness assessments and overheads when budgeting for SOC 2 Type 2 compliance.
Learn more about SOC 2 with our SOC 2 compliance hub.
Additional SOC 2 certification costs
The costs extend beyond this, necessitating consideration of additional factors. However, in the end, investing in this audit proves worthwhile.
1. Cost of lost productivity
SOC 2 disrupts usual tasks, leading to challenging productivity loss. Key personnel spend significant time on meetings, audits, and remediation, affecting primary duties.
2. Staff training
Investing in security training, which can cost up to $15,000 per session, equips employees to handle threats effectively. New security tools may require additional training, which requires both time and money.
3, Readiness assessment
Though optional, a readiness assessment, starting at around $10,000, provides valuable insights into SOC 2 readiness, highlighting weaknesses and suggesting improvements before the audit.
4. Security tools
Investing in security tools such as MDM, antivirus software, and password managers, ranging from $48 to $25,000 depending on the solution, enhances overall security posture and prepares for the SOC 2 audit.
5. Legal fees
Reviewing legal agreements, including contractor, employment, and customer agreements, is essential to ensure compliance with SOC 2 requirements, potentially incurring legal fees for the review process.
Download your free SOC 2 checklist.
Tips to reduce SOC 2 certification cost
Here are some quick tips to reduce SOC 2 certification expenses:
- Limit the scope: Focus on essential areas to reduce assessment breadth.
- Do in-house preparation: Utilize internal resources for initial compliance groundwork.
- Find a cost-effective service: Seek affordable audit providers without compromising quality.
- Invest in automation: Implement automated processes to streamline compliance efforts and reduce manual labor.
Here’s a table detailing the estimated average costs for the whole process:
Cost |
|
| SOC Type 1 Audit | $5,000 – $25,000 |
| SOC Type 2 Audit | $7,000 – $50,000 |
| Security Tools | Variable |
| Staff Training | Up to $15,000 per session |
| Readiness Assessment | Around $10,000 |
| Legal Fees | Variable |
Quick link: Guide to SOC 2 controls list
Simplify SOC 2 certification for enhanced security and trust with CyberArrow
SOC 2 certification enhances cyber security measures and attracts potential customers and clients by building trust. The cost of SOC 2 certification is an essential consideration for businesses aiming to enhance security while remaining cost-effective.
Leveraging the CyberArrow automated platform streamlines SOC 2 implementation, facilitating efficient compliance for both emerging SaaS companies and established enterprises. With CyberArrow, SOC 2 attestation becomes effortless, nurturing trust and expanding business horizons worldwide.
By automating the implementation and certification of 50+ security standards, including ISO 27001 and PCI DSS, CyberArrow offers a zero-touch audit approach to achieving leading certifications.
See what our clients has to say about CyberArrow GRC:
Enjoy reading these cyber secuirty memes.
FAQs
Who needs SOC 2 certification?
While not mandatory, SOC 2 certification is desired by organizations handling sensitive data or operating in regulated sectors, presenting security and compliance dedication to clients and stakeholders.
How much does a SOC 2 audit cost for SMBs?
SOC 2 audits for SMBs cost around $91,000 for <50 employees and $186,000 for 50-250 employees. These figures reflect the investment required for compliance and security standards in different-sized SMBs undergoing SOC 2 certification.
How long does a SOC 2 audit take?
The duration of a SOC 2 audit depends on the complexity of the organization. Typically, a Type 1 audit takes 1-3 months, while a more comprehensive Type 2 audit can last 3-6 months, depending on the scope of the assessment.
