SOC2 (Service Organization Control 2) is an auditing procedure that ensures service providers securely manage data to protect the interests of an organization and the privacy of its clients. SOC2 is specifically designed for service providers storing customer data in the cloud, making it pertinent for data management and privacy. Reference: SOC2 and its role in auditing and ensuring secure data management by cloud service providers are part of the compliance standards and regulations included in the CompTIA Cloud+ certification material.