Independent audit confirms Yieldstreet’s commitment to exceeding industry standards around data security and privacy
NEW YORK–(BUSINESS WIRE)–Yieldstreet, a leading private market alternative investment platform, today announced the successful completion of its System and Organization Controls (SOC) 2 Type 2 attestation for Yieldstreet’s customer data protocols. This achievement reflects the company’s ongoing commitment to the highest levels of data security.
The audit was independently conducted by Mazars USA LLP to provide reasonable assurance that Yieldstreet’s service commitments and system requirements were achieved based on all five Trust Services Criteria as set forth by American Institute of CPAs (AICPA): Security, Availability, Processing Integrity, Confidentiality, and Privacy.
The SOC 2 Type 2 report is intended to meet the needs of a broad range of users that need detailed information and assurance about the controls at Yieldstreet relevant to security, availability, and processing integrity of the systems Yieldstreet uses to process users’ data and the confidentiality and privacy of the information processed by these systems.
“With Security being the minimum requirement for a SOC 2 audit, our ability to successfully obtain a SOC 2 Type 2 on all five trust services criteria further demonstrates Yieldstreet’s commitment to our customers and business partners on data security,” said Azret Deljanin, Vice President of Infrastructure and Security at Yieldstreet. “This is the gold standard. It’s a testament to how we’ve ensured that data security and privacy are baked into everything we do, even as we continue to experience rapid growth across our platform.”
Prior to this most recent attestation, Yieldstreet successfully completed its SOC 2 Type 1 attestation, which was also conducted by Mazars USA LLP.
Yieldstreet requires sensitive financial data from its investors to empower them to grow their wealth outside of the stock market by curating private market alternatives from some of the top investment managers, all on one easy to use platform.
For more information on Yieldstreet’s investor community and offering performance, click here.
Yieldstreet believes that private market alternatives should be a fundamental part of an investment portfolio. The company empowers investors to grow their wealth outside of the stock market by curating private market alternatives from some of the top investment managers, all on one easy to use platform.
Yieldstreet provides access to a broad range of private market options to help investors diversify beyond the ups and downs of the stock market. Its award-winning platform provides access to investment products across a range of asset classes such as Real Estate, Venture Capital, Private Credit, and Art.
Since inception, offerings on Yieldstreet have historically delivered an annualized net return of 9.61%*, in line with their targets. Past performance is not indicative of future results. For disclosure regarding this return figure, detailed platform performance and asset class insights, click here.
* Any historical returns, expected returns, or probability projections may not reflect actual future performance. All securities involve risk and may result in significant losses. This internal rate of return (“IRR”) represents an average net realized IRR with respect to all matured investments, excluding our Short Term Notes program, weighted by the investment size of each individual investment, made by private investment vehicles managed by YieldStreet Management, LLC from July 1, 2015 through and including July 18th, 2022, after deduction of management fees and all other expenses charged to investments.
Yieldstreet provides access to alternative investments previously reserved only for institutions and the ultra-wealthy. Our mission is to help millions of people generate $3 billion of income outside the traditional public markets by 2025. We are committed to making financial products more inclusive by creating a modern investment portfolio.