Nexo Achieves ISO 27017 and ISO 27018 Certifications to Enhance Security and Privacy
Nexo, a digital assets company, has obtained ISO 27017 and ISO 27018 certifications to further improve the security and privacy of client data. These certifications focus on cloud computing environments, which are increasingly used in the crypto industry. By achieving these standards, Nexo demonstrates its commitment to safeguarding user data.
ISO 27017: Extending Information Security Controls to the Cloud
ISO 27017 extends the information security controls outlined in ISO 27001 to cloud services. This certification ensures that Nexo maintains robust security measures in its cloud computing operations.
ISO 27018: Privacy Guidelines for Personally Identifiable Information in the Cloud
ISO 27018 provides guidelines for handling personally identifiable information stored in the cloud. By adhering to this certification, Nexo ensures that user privacy is protected when utilizing its cloud services.
Nexo’s Commitment to Security and Privacy
The achievement of ISO 27017 and ISO 27018 certifications reinforces Nexo’s dedication to maintaining strong security measures and data protection safeguards. Milan Velev, Nexo’s chief security officer, emphasizes the company’s commitment to setting new benchmarks in digital finance by prioritizing client security and privacy.
Ongoing Priority for Robust Security
Nexo continues to prioritize robust security as it strives to establish industry standards. The company has previously met SOC 2 Type 2 requirements for financial services firms and holds a CSA STAR Level 1 Certification.
Hot Take: Nexo Seeks $3 Billion in Damages Over Aborted Investigation
In recent news, Nexo is pursuing $3 billion in damages from Bulgaria due to an investigation that allegedly disrupted its plans for a U.S. stock market listing and a soccer sponsorship deal. Nexo AG, the Swiss unit of Nexo Capital, claims that the investigation damaged its reputation and diminished shareholder value.
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