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Cloud Security Alliance Releases Guidance for Crypto-Asset Exchange Security

Architecture

SEATTLE–(BUSINESS WIRE)–The Cloud Security AllianceĀ® (CSA), the world’s leading organization dedicated to defining and raising awareness of best practices for ensuring a secure cloud computing environment, today announced the release of the Crypto-Asset Exchange Security Policy Guidelines and best practices for the security of Crypto-Asset Exchange (CaE). Written by the CSA Blockchain / Distributed Ledger

working group, the document provides readers with comprehensive guidelines for effective exchange security to educate users, decision makers and cybersecurity professionals about the pros and cons of further securing cryptocurrency exchanges, including decentralized exchanges Exchanges (DEX) and hosted wallets on cloud-based exchanges,OTC Desks and Cryptocurrency Swap Services.

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“We hope this document provides a roadmap for those tasked with leading new and existing financial services businesses into the future in a controlled and secure manner.”

The exchange of cryptocurrencies is increasingly becoming a target for hackers. For example, UK-based cryptocurrency exchange Exmo identified more than $ 10 million in “suspicious withdrawal activity” last December. Months earlier, a secure hardware wallet provider, Ledger, was hacked and lost 272,000 customer records.

The document contains a model that identifies the top 10 threats to crypto exchanges, as well as a reference architecture and set of best security practices for end users,Exchange operator and auditor. Additionally, security control measures are addressed across a wide range of administrative and physical areas.

“As the digital asset industry evolves and matures, crypto-asset sharing increasingly covers areas that have been the sole dominance of long-standing financial services institutions for decades,” said Bill Izzo, co-chair of CSA’s Blockchain / Distributed Ledger Working Group. “We hope this document provides a roadmap for those tasked with leading new and existing financial services businesses into the future in a controlled and secure manner.” The Blockchain / Distributed Ledger Technology working group is working on creating useful content,to educate different industries about blockchain and its proper usage, as well as define blockchain security and compliance requirements based on different industries and use cases. People interested in future research and initiatives can do so on the.

Blockchain / Distributed join page Ledger Working Group do..

Download the Crypto-Asset Exchange Security Policy.

About the Cloud Security Alliance The Cloud Security Alliance (CSA) is the world’s leading organization dedicated to defining and raising awareness of best practices to ensure a secure cloud computing environment. CSA uses the expertise of industry experts, associations,Governments and their corporate and individual members to provide cloud security-specific research, education, training, certification, events and products. CSA’s Activities, Knowledge, A comprehensive network benefits the entire community affected by the cloud - from vendors and customers to governments, entrepreneurs and the insurance industry - and provides a forum for different parties to work together to create a trustworthy cloud ecosystem to create and maintain. For more information, visit us at www.cloudsecurityalliance.org @cloudsa.

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