Cryptocurrency exchange Binance has been awarded an internationally acknowledged safety accreditation, ISO/IEC 27001, following two exterior audits of its info safety programs.
The change shared information of its accreditation in an official tweet on Sept. 23.
Two exterior audits to safe the accreditation
The ISO/IEC 27001 customary that underpins Binance’s new accreditation is the worldwide customary that gives the specification for info safety administration programs (ISMS).
The technology-neutral customary is designed to help organizations in managing their info safety processes in keeping with worldwide finest practices.
To be evaluated for the accreditation, the platform underwent exterior audits by Norway-based, worldwide accredited registrar DNV GL and by the United Kingdom Accreditation Service.
In its tweet, Binance claimed to be “among the first global crypto-asset platforms to receive ISO27001 accreditation, & the first certified by the DNV & UKAS.”
In sharing Binance’s unique tweet, change CEO Changpeng Zhao said that the accreditation went in the direction of “setting greater #SAFU requirements for our trade” — a reference to the Secure Asset Fund for Users (SAFU) established by Binance in 2019. It offers a type of emergency insurance coverage safety for customers and their funds in excessive conditions.
Bolstering confidence after safety incidents
Binance’s new ISO 27001 accreditation comes following a 12 months of thorny safety points for the platform.
In August, the platform fell sufferer to a hacking scandal that noticed the miscreant allegedly achieve possession of an enormous portion of the agency’s Know Your Customer information (10,000+ private pictures).
In May, the change misplaced 7,000 Bitcoin (BTC) in a significant hack of its sizzling wallets, value over $40 million on the time.
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