Securing trust through SOC 2 type 2 compliance certification

As the payment ecosystem evolves, so do the risks and regulatory demands that come with it. Achieving SOC 2 type 2 compliance reflects our unwavering commitment to safeguarding data, mitigating risks, and maintaining the highest industry standards.

At Yuno, security and compliance are at the core of how we operate. This certification reinforces our dedication to providing merchants, partners, and customers with a secure and reliable payment experience.

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What is the SOC framework?

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The Service Organization Control 2 (SOC 2) framework, developed by the American Institute of Certified Public Accountants (AICPA), sets rigorous standards for how organizations manage customer data. SOC 2 reports provide independent verification that a company has implemented proper controls for data protection, operational integrity, and regulatory compliance.

The framework is based on five Trust Service Criteria, which ensure that businesses follow best practices in security and data management:

• Security: Protecting systems against unauthorized access, data breaches, and other threats.
• Availability: Ensuring that systems and services remain operational and accessible as promised.
• Processing Integrity: Confirming that data processing is accurate, timely, and authorized.
• Confidentiality: Safeguarding sensitive business and customer data from unauthorized access.
• Privacy: Ensuring that personal information is collected, stored, and managed according to recognized privacy standards.

By adhering to these principles, businesses not only strengthen their infrastructure but also build transparency and trust with customers.

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SOC 2 type 1 vs. SOC 2 type 2: What’s the difference?

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SOC 2 reports come in two types, each serving a different purpose:

• SOC 2 Type 1: Evaluates the design and implementation of a company’s security controls at a single point in time. It verifies that policies and procedures are in place but does not assess their long-term effectiveness.
• SOC 2 Type 2: Assesses how well those controls operate over a period of time, typically six months or more. It provides a more comprehensive evaluation of whether security practices are consistently followed and effective in protecting data.

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Why SOC 2 Type 2 compliance matters for your business?

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When you work with Yuno, you can be confident that your data is handled with the highest security standards. Achieving SOC 2 type 2 compliance means:

• Stronger data security: Your sensitive information is protected by robust security measures.
• Regulatory confidence: We meet strict compliance requirements, reducing legal and financial risks.
• Enhanced trust: Independent certification validates that we operate with integrity and transparency.

Through an in-depth audit, we have demonstrated our adherence to SOC 2 type 2’s stringent requirements. This verification ensures that we are not only meeting industry standards today but are also committed to maintaining them long-term.

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Future plans: Yuno’s commitment to your security

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Compliance is an ongoing process. As cyber threats evolve, so do our security practices. Moving forward, we will:

• Conduct regular security audits to ensure continued compliance.
• Invest in cutting-edge technologies to enhance data protection.
• Provide transparency and assurance to our clients, helping them operate with confidence.

If you have any questions about how our compliance benefits your business, reach out to our team anytime. We are committed to keeping your data protected, securely stored, and handled with the highest industry standards.