Binance seals accreditation from a worldwide safety requirements group

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Cryptocurrency exchange Binance has been awarded an internationally acknowledged safety accreditation, ISO / IEC 27001, after two exterior audits of its info safety programs.

The change shared information about his accreditation in an official chatter on September 23.

Two exterior audits to safe accreditation

The ISO / IEC 27001 normal that underlies the brand new accreditation of Binance is the worldwide normal that gives the specification for info safety administration programs (ISMS).

The expertise impartial normal is designed to assist organizations handle their info safety processes in accordance with worldwide finest practices.

To be evaluated for accreditation, the platform underwent exterior audits by the Norwegian-based, internationally acknowledged registrar DNV GL and by the Accreditation Service of the UK.

In his tweet, Binance claimed that "it is without doubt one of the first world crypto-asset platforms to obtain ISO27001 accreditation, and the primary to be licensed by DNV and UKAS."

Change CEO when sharing the unique tweet from Binance Changpeng Zhao said that the accreditation went to "go greater" #SAFU requirements for our business ”- a reference to the Safe Asset Fund for Customers (SAFU), established by Binance in 2018. It affords a type of emergency insurance coverage for customers and their funds in excessive conditions.

Extra confidence after safety incidents

The brand new ISO 27001 accreditation from Binance comes after a yr of difficult safety points for the platform.

In August the platform fell sufferer to at least one hacking scandal that noticed the miscreants allegedly win possession of a giant a part of the corporate's Know Your Buyer knowledge (greater than 10,000 private images).

In Could the change misplaced 7,000 Bitcoin (BTC) in a important compartment to carve of his common portfolios, which have been value greater than $ 40 million on the time.

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