Because most of our clients rely on our systems to process or store sensitive data, ChainSys Network takes considerable care in designing its systems for the highest levels of security, reliability and scalability.
That also includes developing a comprehensive set of security measures and practices to keep our customers’ data protected and safe. In accordance with our efforts to deliver the highest quality services to our clients, we have completed the SSAE 18/ Service Organization Control 1 (SOC) Type 2 audit. This is a annual certification attestation administered by an independent auditor, who evaluates our private cloud hosting, managed services and application development services thoroughly.
These reports, prepared in accordance with AT-C section 320, Reporting on an Examination of Controls at a Service Organization Relevant to User Entities’ Internal Control Over Financial Reporting, are specifically intended to meet the needs of entities that use service organizations (user entities) and the CPAs that audit the user entities’ financial statements (user auditors), in evaluating the effect of the controls at the service organization on the user entities’ financial statements.
Use of these reports is restricted to the management of the service organization, user entities, and user auditors.
Audits take quite a long time and effort, since the overall scope is so wide. The independent auditor reviews the following AISN control areas
Because ChainSys serves financial services companies and others subject to these regulations, SOC 1 is highly applicable to the services that we provide. Use of the Type 2 report is restricted by the AICPA, but current ChainSys customers can request a copy of the report using an appropriate non-disclosure agreement
