In an era where data security and privacy are paramount, organizations must continuously uphold the highest standards of cybersecurity and compliance. Trust Your Supplier (TYS) is proud to announce the successful completion of its SOC 1 and SOC 2 Type 2 examinations for the fifth consecutive year—with no exceptions. This achievement underscores TYS’s unwavering commitment to securing sensitive data and maintaining the integrity of its platform for all participants.

Why SOC Compliance Matters
System and Organization Controls (SOC) examinations are rigorous audits designed to evaluate a company’s ability to safeguard customer data. Conducted by A-LIGN, a trusted technology-enabled security and compliance firm, these examinations assess internal controls related to security, availability, processing integrity, confidentiality, and privacy.

SOC 2 compliance is particularly critical for businesses handling sensitive data, as it provides assurance that an organization has implemented effective policies, procedures, and controls to mitigate risks. Unlike traditional cybersecurity assessments that focus on specific technical configurations, a SOC 2 report evaluates how an organization as a whole addresses and manages security-related risks.

TYS’s Ongoing Dedication to Security
As a trusted provider of supplier information management solutions, TYS undergoes SOC 1 and SOC 2 audits annually. These evaluations ensure that our platform meets industry-leading security and compliance standards in areas such as:

• Information Security – Protecting customer data from unauthorized access and threats.
• Access Control – Ensuring only authorized users can interact with sensitive information.
• Supplier Management – Enabling verification that third-party partners uphold stringent security measures.
• Business Continuity & Disaster Recovery – Maintaining operational resilience in the face of disruptions.
• System Backup & Data Integrity – Ensuring data availability and protection against loss.

Accessing SOC Reports
TYS remains committed to transparency and security by providing its SOC reports to current clients upon request and potential clients under a non-disclosure agreement.

By consistently achieving SOC 1 and SOC 2 compliance, TYS continues to build trust with its partners, reinforcing our mission to provide a secure, reliable, and compliant supplier management ecosystem. Please contact us if you are interested in learning more about how TYS ensures data security and compliance.

Learn more about TYS’s stringent data security standards.

In the fast-paced landscape of business operations, the secure exchange of information stands as a cornerstone of success across all industries. Cybersecurity, confidentiality, and data privacy remain paramount concerns, particularly in the realm of document exchanges and data transfers. Trust Your Supplier (TYS), a flagship initiative under the purview of Chainyard, acknowledges the critical nature of these issues within its network of participants. To bolster this commitment, TYS and Chainyard proudly announce the successful completion of SOC 1 & SOC 2 Type 2 examinations for the fourth consecutive year with no exceptions, reaffirming its dedication to meeting the most stringent data security requirements.

The examination was conducted by A-LIGN, a technology-enabled security and compliance firm trusted by more than 4,000 global organizations to help mitigate cybersecurity risks.

What is SOC 2 report?
A SOC 2 report  addresses risks associated with the handling and access of data, and can be used by a variety of organizations of any size (e.g. SaaS, colocation, data hosting, etc.) Rather than a cybersecurity assessment that evaluates specific technical configurations, a SOC 2 report focuses more on how an organization implements and manages controls to mitigate the identified risks to the different parts of an organization.
The SOC 2 audit testing framework is based off of the Trust Services Criteria (TSC), which are used to identify various risks (points of focus) an organization should consider addressing. Based on the TSCs the organization selects to be in-scope, the third-party compliance and audit firm evaluates whether the organization has the appropriate policies, procedures and controls in place to manage the identified risks effectively.

In order to pass a SOC 2 examination and receive a letter of attestation successfully, it means an organization is addressing controls in areas such as information security, access control, vendor management, system backup, business continuity and disaster relief, and more.

Trust Your Supplier & Chainyard performs SOC 1 and SOC 2 audits on an annual basis and reports are available to current clients upon request and to potential clients upon execution of a non-disclosure agreement. If you are interested in viewing these SOC reports, please contact us.