The SOC 2 Type II report confirms VGS's commitment to upholding rigorous standards for our customers.
VGS is pleased to announce that we successfully completed the SOC 2 Type II assessment after undergoing a comprehensive annual review that confirmed our fulfillment of all system requirements based on the trust services criteria outlined by the AICPA. This annual assessment is part of VGS's unwavering commitment to upholding elevated security standards.
VGS's SOC 2 Type II report resulted from a thorough examination of our internal controls and systems pertaining to the five Trust Services Criteria (TSC) outlined by the AICPA:
- Security
- Availability
- processing integrity
- Confidentiality
- Privacy.2
A SOC 2 examination is a report on controls at a service organization relevant to security, availability, processing integrity, confidentiality, or privacy. SOC 2 reports are intended to meet the needs of a broad range of users who need detailed information and assurance about the controls at a service organization relevant to the security, availability, and processing integrity of the systems the service organization uses to process users' data and the confidentiality and privacy of the information processed by these systems.1
VGS's Director of Security & Compliance
As a universal gateway and PCI-compliant vault, VGS empowers our customers by tokenizing sensitive payment data, limiting compliance scope, and consolidating payments to unlock revenue and business opportunities. As one of the world's largest tokenization providers by volume, VGS prioritizes providing customers with an elevated, secure experience that upholds the industry's latest security standards and best practices. Successfully undergoing annual SOC 2 Type II attestation since 2018 demonstrates the ongoing commitment and investment VGS makes to assure trust and security to the customers we serve.
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- “SOC 2® - SOC for Service Organizations: Trust Services Criteria,” AICPA & CIMA, 2024, https://www.aicpa-cima.com/topic/audit-assurance/audit-and-assurance-greater-than-soc-2.
- Emily Bonnie, “SOC 2 Type II Compliance: Definition, Requirements, and Why You Need It,” Secureframe, April 6, 2023, https://secureframe.com/blog/soc-2-type-ii.
