Binance Custody’s Solution recently announced the acquisition of the ISO 27001 and ISO 27701 certification. This development, according to the firm manifested owing to its consistent commitment to information security and protection of privacies. Accordingly, the ISO/IEC 27001:2013(ISO 27001) mechanism is widely acknowledged as the most efficient system for the execution of an information security management system (ISMS)
Binance Custody’s Solution, however, confirmed this development in a blog post relayed on its official website on Thursday. According to the post, the Binance Custody’s technology mechanisms became internally and externally audited. This is obtainable against the ISO 27001 system to facilitate the maturity and effectiveness of its security procedures. Accordingly, such effort tends to offer a gross institutional-grade custody solution.
In addition, Binance Custody’s solution reflects the ISO/IEC 27701:2019 manifested as a result of the worldwide standard aimed toward managing information privacy. With this, it helps to overtly foster the existing ISMS.
Head of Binance Custody’s Solution makes remark on the development
According to the head of Binance Custody’s technology solution, Cathy Yu, the safety of the data of its users remain highly significant to the firm. The head further that the manifestation of more of the divisions of the firm, hearkening to the ISO 27001 and ISO 27701 protocols depict its commitment to the principles, advocating the standards of security, accountability and transparency.
In addition, the acquired certifications by Binance Custody’s Solution emerge as a third-party testimonial. Accordingly, it aids in depicting the presence of protocols in safeguarding and preventing unauthorized access to information. More so, it helps to overtly avert wrong usage and devastation of collected data. This process, however, gives strength and ease to the protection of assets under custody.
The Binance Custody Solution further reiterates its dedication to sustaining such security architecture. This according to the firm tends to help minimize the overall risks encountered by our users. The company also intends to maintain a similar technique in overtly scrutinizing all sections of its business operations. This, according to the firm boost the overall confidence and trust in its solution, required and desired by users.
Binance Custody, however, feels digital asset investors require security when investing in the digital asset space. Accordingly, it offers a secure and robust institutional-grade virtual asset custody platform that is both regulated and compliant.
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