Cryptocurrency News

Crypto.com Obtains Cloud Security and Privacy ISO Certifications as First Crypto Trading Platform

By January 25, 2023 No Comments
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Key highlights:

  • Crypto.com has been awarded two new security and privacy certifications in addition to the existing ISO 27001, ISO 27701, and ISO 22301 certifications.
  • The CEO said investments will continue to ensure the highest standards for security and privacy.
  • Two new certificates will help Crypto.com continue to process customers’ personal data securely.

Crypto.com, the cryptocurrency platform with more than 80 million customers worldwide, is also among the industry leaders in security, regulatory compliance and privacy. Focusing on cloud security and privacy protection, the platform is certified with ISO 27017 and ISO 27018.

Crypto.com has strengthened its “commitment to ensure the secure processing of personal data” to its customers with these two digital asset platform certifications focused on cloud service security. Jason Lau, the platform’s Chief Information Security Officer, considers these certifications a testament to Crypto.com’s industry leadership.

What is ISO 27017?

ISO 27017 is a cloud-specific security standard that provides guidelines for information security controls applicable to the use and provision of cloud services. Developed to comply with information security management system (ISMS) certification and reduce the risk of security issues, this standard provides a more secure cloud environment.

What is ISO 27018?

ISO27018 is a standard that establishes objectives for protecting personally identifiable information (PII) in government agencies and gives privacy-specific guidelines to organizations acting as privacy data processors and controllers to improve information security by assessing risks. ISO 27018, the first international standard for cloud privacy, mandates strict security controls.

Crypto.com’s Privacy Information Management System (PIMS), Information Security Management System (ISMS), and Business Continuity Management System (BCMS) are audited at least annually by third-party certification bodies to ensure continued compliance with multiple ISO standards. Crypto.com, the first virtual asset platform to receive ISO 27001 (Information Security Management System) and ISO 27701 (Privacy Information Management System) certificates in 2019 and 2020, respectively, and ISO 22301 (Business Continuity Management) and ISO 22301 (Business Continuity Management) in 2021. It has also complied with the NIST Cybersecurity and Privacy Frameworks.

“Security and privacy are foundational pillars of our commitment to our 80 million users around the world,” said Kris Marszalek, CEO of Crypto.com. “We will continue to invest in ensuring the highest standards for safety, security and privacy.”

“Security and privacy continue to be a core focus for us, particularly as we scale our services globally through the use of cloud infrastructure,” said Jason Lau, Chief Information Security Officer at Crypto.com. “These most recent certifications are a testament to our industry leadership and continued commitment.”

Crypto.com, which set out with the vision of “Cryptocurrency in Every Wallet” in 2016 and became one of the largest cryptocurrency platforms in the world after the past couple of years, leads innovations in the sector. Focusing on empowering the next generation of creators, developers and entrepreneurs to develop a fairer digital ecosystem, the platform aims to accelerate cryptocurrency adoption around the world.

The exchange’s native Cronos (CRO) token was trading at $0.0797 at press time, up +34.8% in the past month.