Binance Achieves SOC 2 Type II Compliance

The leading supplier of blockchain and cryptocurrency infrastructure, Binance, is pleased to announce the successful completion of its System and Organization Controls (SOC) 2 Type II compliance assessment, marking a significant step towards strengthening security standards within the cryptocurrency sector. Third-party assessor A-LIGN’s successful completion of this assessment highlights Binance’s dedication to enhancing security protocols worldwide.

Through a thorough assessment of Binance’s data security and system protection procedures, the SOC 2® Type II audit was conducted. The audit results verified Binance’s daily operating efficiency in addition to confirming the suitability and efficacy of the company’s controls. Binance’s security processes are already well acknowledged for their strict adherence to industry standards, but this independent audit lends even more credence.

Binance’s Pivotal Role as a Custodian

Binance bears a significant responsibility in creating and sustaining strong security procedures since it is the keeper of users’ digital assets and data. Binance has demonstrated its steadfast commitment to meeting this obligation with the successful completion of the SOC 2 audit. Innovative security features, such as strict access control, sophisticated encryption methods, and a robust incident response process, are being added to the organization’s security architecture on a continuous basis.

Jimmy Su, the Chief Security Officer of Binance, stressed the value of group initiatives inside the cryptocurrency space to close the perception and knowledge gap. In order to show that cryptocurrency platforms can match and even beyond the regulations found in traditional regulated businesses, Binance, as the industry leader, understands the necessity to spearhead these initiatives. Su emphasized that Binance’s dedication to bringing about constructive transformation is exemplified by the SOC 2 Type II audit.

Binance’s acquisition of industry-standard accreditations is indicative of its commitment to fostering trust, confidence, and dependability within the blockchain ecosystem. Binance obtained ISO 27001 and ISO 27701 certifications for privacy information management and information security governance from several jurisdictions in the last year. Prior to the newly reported audit, the business also finished the SOC 2 Type I audit earlier in March. The Binance Security Governance team was instrumental in securing these accreditations, which serves as further evidence of the organization’s strong standards in the compliance and security sectors.