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Financial Considerations and Cost-Benefit Analysis
While the cost of SOC 2 compliance can vary widely depending on the size and complexity of your organization, it's important to view this investment through the lens of long-term benefits. Typically, readiness consulting services can range from $20,000 to $60,0001. However, achieving compliance can lead to significant cost savings by preventing data breaches, which can be financially devastating. Furthermore, companies that are SOC 2 compliant often find it easier to attract and retain clients, as they demonstrate a commitment to data security and privacy.