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Crypto.com Commits to Security and Data Privacy With SOC 2 Compliance

CryptocurrencyNov 24, 2021 06:30AM ET
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Crypto.com Commits to Security and Data Privacy With SOC 2 Compliance

  • Crypto.com becomes the first crypto platform to get SOC 2 certification.
  • And, ISO27001, ISO27701, PCI: DSS 3.2.1 (Level 1).
  • It also achieved the highest ‘Adaptive’ maturity levels for the NIST Cybersecurity Framework and NIST Privacy Framework.

Crypto.com has been on the news lately for all things good. The crypto exchange has become one of the fastest-growing crypto apps with a market capitalization of over 22 billion. The leading exchange keeps updating its over 10 million community of investors about its upgrades, thereby creating a connection that will consequently build more trust and a stronger CRO community.

The world’s booming exchange and DeFi Wallet, Crypto.com announces it has effectively completed the Service Organization Control (SOC) 2 Audit. According to their press release, the audit was carried out by globally established audit and consulting firm Deloitte.

By all means, Crypto.com has shown that its operations, policies, security practices, and procedures meet the SOC 2 standards for security, privacy, confidentiality, and availability. To clarify, the SOC 2 verification implies that Crypto.com proved it has enforced stringent policies and procedures in line with the AICPA Trust Services Criteria.

Crypto.com says it is now the first crypto platform in the world to be certified for ISO27001, ISO27701, PCI: DSS (Level 1). It has also attained the highest maturity levels for several NIST frameworks rated ‘Adaptive (Tier 4).’

Adaptive (Tier 4) is the highest level possible developed by the U.S. Department of Commerce for the National Institute of Standards and Technology (NIST) Cybersecurity Framework. And also, the latest NIST Privacy Framework. By conducting the SOC 2 audit, Crypto.com has set a precedent for other crypto platforms to emulate. Also, this will help bring cryptocurrency to the mainstream.

Jason Lau, the Chief Information Security Officer of Crypto.com reaffirms by noting that the SOC 2 certification is yet another step to reinforce Crypto.com’s continuous commitment to data privacy and security. He mentions that the ever-evolving threats in the crypto space will get them to ensure they continue maintaining the highest level of security and data privacy to their customers.

Co-Founder and CEO of Crypto.com, Kris Marszalek, add on,

I am extremely proud of our SOC 2 compliance, and [this] shows our commitment to security, privacy, and regulatory compliance which have been cornerstones of our business since day one. Having recently surpassed 10 million users, we will continue investing aggressively in building a trusted platform for our users that maintains the highest standards of security and privacy in the industry.

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Crypto.com Commits to Security and Data Privacy With SOC 2 Compliance
 

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