DUBAI, UAE- Binance has recently demonstrated its unwavering commitment to upholding robust security standards in the cryptocurrency industry. The organization announces the successful completion of the System and Organization Controls (SOC) 2 Type II compliance audit, a significant step in its ongoing efforts to enhance security practices.
The audit, conducted by the trusted third-party assessor A-LIGN, involved a meticulous multi-month assessment of Binance's controls and practices, specifically focusing on systems protection and data security. The outcomes of this independent audit not only validate the well-designed and appropriately implemented nature of Binance's controls but also affirm their day-to-day operational effectiveness, earning global recognition.
Given Binance's crucial role as a custodian of users' digital assets and data, the organization recognizes the pivotal importance of establishing and maintaining robust security protocols on its platform. The SOC 2 audit serves as tangible evidence that Binance is fulfilling this responsibility diligently, reinforcing its commitment to user security. Furthermore, Binance is proactively reinforcing its systems by integrating a comprehensive suite of cutting-edge security measures, encompassing stringent access management, advanced encryption, and a resilient incident response protocol.
According to Jimmy Su, Chief Security Officer at Binance, the crypto industry's growth and maturation over the years have revealed a gap in understanding and perception. Su emphasizes the need for collective efforts within the industry to effect positive change, with Binance positioning itself at the forefront of such endeavors. The SOC 2 Type II audit is acknowledged as a pivotal example of Binance's dedication, with an assurance that it signifies ongoing, rather than final, steps in their commitment to security standards.
Binance's commitment to building trust, confidence, and reliability in the blockchain ecosystem is further underscored by the industry-standard accreditations it has recently achieved. In the past year alone, Binance secured ISO 27001 and ISO 27701 certifications for information security governance and privacy information management across several jurisdictions. Additionally, Binance successfully completed the SOC 2 Type I audit earlier in March. To ensure sustained conformity with established standards, the organization will undergo annual surveillance audits.
These notable accreditations, achieved through the collective efforts of Binance's Security Governance team, exemplify the organization's high standards across various compliance and security domains.
