Cryptocurrency Fintech News

CERtified – Cryptocurrency Exchanges Security Standard by Hacken

CERtified - Cryptocurrency Exchanges Security Standard by Hacken

The cybersecurity of cryptocurrency exchanges is paramount in increasingly digital world. These platforms are responsible for large amounts of cryptocurrency tokens often worth tens of millions of dollars, belonging to thousands of unique users, making them a prime target for cyber criminals.

Read More: GlobalFintechSeries Interview with Ashish Singhal, CEO and Co-Founder at CRUXPay

To improve the overall safety of all cryptocurrency stakeholders, leading cybersecurity company Hacken has introduced the CER.live platform and CERtified cybersecurity certification standards.

First Industrywide Cybersecurity Certification Standards

Cryptocurrency exchanges are susceptible to major threats such as traditional banking cybersecurity vectors as well as weaknesses posed by inadequate blockchain implementation.

Launched by Hacken in 2018, the Crypto Exchange Ranks (CER.live) was the first platform that set the cybersecurity standards in the cryptocurrency exchanges industry.

Read More: Abrigo Adds Transparent Artificial Intelligence Scenarios, Direct File to FinCEN to its Financial Crime Prevention Software

The main objective of the CER.live platform and CERtified cybersecurity certification standard is to educate and prevent users from trading at cryptocurrency exchanges who do not invest enough into their traders’ funds security and encourage cryptocurrency exchanges to comply with the cybersecurity standards.

CERtified – Hacken’s Unique Certification Methodology

Hacken’s unique CERtified methodology provides certifications to exchanges ranging from an uncertified exchange to a 3 star certified exchange meeting the most strict cybersecurity criteria.

Read More: GlobalFintechSeries Interview with Patrick Turiano, Director of Marketing at Paysafe Group

Related posts

Award-Winning Point-of-Sale Fintech Platform LendingUSA Closes $200 Million Senior Credit Facility From Atalaya and Credit Suisse

Fintech News Desk

ApexEdge Launches Actionable Intelligence Enablement Platform that Generates Profitable Customer Engagement & Relationships for Financial Institutions and Savings for Their Customers

Fintech News Desk

Goldman Sachs Asset Management and Cleanhill Partners Acquire Majority Stake in EPC Power Corp.

Fintech News Desk
1