Binance, the highest cryptocurrency trade by buying and selling quantity, says it’s been awarded an info safety accreditation after assembly requirements set out by the International Organization for Standardization (ISO).
To meed the internationally acknowledged ISO/IEC 27001 customary, Binance mentioned, it was audited by Norway based mostly DNV GL, a global accredited registrar and classification society, and the United Kingdom Accreditation Service, a nationwide accreditation physique that evaluates corporations on a wide range of requirements.
The accreditation makes Binance the “first company in the cryptocurrency industry to be verified by DNV and UKAS,” the agency claimed in an e mail despatched to CoinDesk Tuesday.
For the audits, Binance was examined on 114 standards throughout 14 classes, together with safety coverage, asset administration, operational safety and data programs.
Binance CEO Changpeng “CZ” Zhao mentioned within the announcement:
“Obtaining the ISO certification is one significant aspect of our security commitment to the industry and our community. We will continue to advance our investment and endeavours in improving cyber security defense.”
The accreditation will seemingly assist reassure customers after the trade was hacked for $40.7 million in bitcoin this May.
CZ mentioned on the time that the breach noticed malicious actors entry consumer API keys, two-factor authentication codes and “potentially other info,” to entry its sytems and withdraw the cryptocurrency.
Binance additionally lately had an obvious leak of as much as 60,000 customers’ know-your-customer verification knowledge, although it pointed a finger at a third-party service supplier on the time.
CZ picture courtesy Binance
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