- Kraken’s cybersecurity defenses have never been breached.
- This is thanks to Payward’s excellent cybersecurity measures.
- New employees must go through rigorous cybersecurity training before their initiation.
Payward Inc operates Kraken crypto exchange. The San-Francisco-based company is solely responsible for Kraken’s incredulous yet effective cybersecurity system. Presently, investors value Kraken at $10 billion.
Payward was established in 2011. The company’s chief security officer, Nick Percoco, claims that most ransomware criminals tend to attack companies by ‘Trojan-Horsing’ them via their employees.
For instance, cyber criminals dig up personal information on employees on the internet and use that data to personalize phishing emails that contain malicious software. Therefore, Payward takes extreme steps to ensure proper security training for its employees.
In particular, some of the measures include putting new employees through a two-day security course. After that, they will...
This article was first published on coinquora.com