As the need for enterprise-ready, Industry-specific technology rises,Companies must remain vigilant towards ever-present cyber-security risks especially those enabling the world’s most mission-critical enterprises.
The attainment of the SOC2 Type II compliance validates ChainSys’s adherence to the highest industry standards for data securit
After a rigorous evaluation and auditing process, ChainSys is pleased to announce that we have received our SOC 2 Type II attestation. SOC 2 Type II is the most comprehensive system and certification within the Systems and Organization Controls protocol. Since our founding, ChainSys has always placed an emphasis on top-level security, thus leading us to pursue this certification soon after our founding.
SOC 2 engagements are based on the AICPA’s Trust Services Criteria. SOC 2 service auditor reports focus on an organization’s non-financial reporting controls as “They relate to security, availability, processing integrity, confidentiality, and privacy of a system.”
During November 1st 2022, we announced our completion of the SOC 2 Type I engagement. This process involved a comprehensive evaluation of every security practice, including our vendor management program. By utilizing ChainSys internally, we were able to identify all cloud applications within our business and utilize this information to drive a complete tech audit for each application.
While proving a company has adequate policies and procedures in place, Type I is a snapshot in time, failing to provide proof of continuous adherence to these controls and processes. Because of this, ChainSys immediately began pursuing our Type 2 certification after receiving Type 1 attestation. SOC 2 Type II evaluates a company’s policies and procedures over a specified time period in order to ensure continued compliance and reliability.
The certification process evaluated every aspect of our business — from accessing the building, employee’s devices, data management of the cloud, server network monitoring, to employee on-boarding and continuous training. The SOC 2 Type II approval process was truly a team effort, involving every employee in the company.
After a rigorous evaluation over the last six months, ChainSys received its SOC 2 Type II attestation, proving ChainSys’s continued adherence to security.
Security is of utmost importance at ChainSys. SOC 2 applies to every SaaS company as it was specifically designed for service providers storing customer data in the cloud. This recent attestation proves our commitment to lead the industry in data and cloud security.
If you’re a ChainSys customer, please contact your account representative to receive a copy of the SOC 2 report. If you aren’t currently a ChainSys customer, please contact our team, and a representative will reach out to you with details.
