The Importance of Security and Privacy in the Digital Asset Space
On January 30, Nexo, a digital assets institution, announced that it has achieved ISO 27017 and ISO 27018 certifications for its security and privacy protocols. These certifications, awarded by RINA, reflect Nexo’s commitment to safeguarding client data and upholding privacy standards.
Implementing robust security measures is crucial in the cryptocurrency sector, as losses due to security incidents still amounted to $1.7 billion in 2023. Nexo’s adherence to security standards is therefore significant.
The Collaborative Impact of ISO 27001, ISO 27017, and ISO 27018
Nexo has been compliant with ISO 27001 since 2019 and has now augmented its credentials to include ISO 27017 and ISO 27018. The ISO 27001 certification emphasizes a security-focused approach, while ISO 27017 extends these principles to the cloud. ISO 27018 reinforces Nexo’s dedication to privacy, particularly in managing personally identifiable information in the cloud.
“Nexo’s integration of ISO standards for information security and privacy signifies a major step forward in our journey to set new benchmarks in digital finance… prioritizing our clients’ security and privacy in every aspect of our operations.”
– Milan Velev, Nexo’s Chief Security Officer
“We are pleased to certify Nexo with the ISO 27017 and ISO 27018 standards… promoting advanced security measures and data protection in the innovative financial technology sector.”
– Kalin Panev, Country Manager of RINA
Nexo’s acquisition of the ISO 27017 and ISO 27018 certifications further demonstrates its commitment to maintaining high standards in security and privacy. This commitment is supported by the SOC 2 Type 2 audit and CSA Security, Trust & Assurance Registry (STAR) Level 1 Certification.
Instead of viewing these accomplishments as final destinations, Nexo sees them as pivotal steps in its ongoing journey to establish benchmarks in security and transparency within the digital assets space.
Hot Take: Nexo’s Commitment to Security and Privacy Sets Industry Standards
Nexo’s achievement of ISO 27017 and ISO 27018 certifications for its security and privacy protocols demonstrates its dedication to protecting client data and upholding privacy standards. These certifications, along with ISO 27001 compliance, reinforce Nexo’s commitment to maintaining the highest standards in security and transparency within the digital asset space.
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