Digivault receives approval on cybersecurity measures
05 February 2020 London
Image: Shutterstock
Digivault, a digital asset custody provider, has completed its Cyber Essentials Plus certification, which is backed by the UK government and is also supported by the National Cyber Secretary Centre.
The certification means that Digivault has passed the ‘rigorous’ process that ensures it has the measures in place to protect against the vast majority of common cyberattacks.
These include hacking, phishing, malicious software and ransomware through which criminals hijack files and hold them to ransom, and distributed denial of service attacks against websites, which are often accompanied by extortion.
Additionally, as part of the process, Digivault’s systems have also been independently verified by certification body CREST, an international not-for-profit accreditation and certification body that represents and supports the technical information security market.
According to Digivault, the new certification reinforces its commitment to ‘unparalleled security and providing offerings that meet the requirements of institutional clients’.
Robert Cooper, CEO of Digivault, commented: “We believe that the lack of a highly secure custody solution has hindered the widespread adoption of the digital asset class by institutional players.”
“Now with this certification, we have proof of our unparalleled security measures and we hope it will provide further peace of mind to investors who have an appetite for this burgeoning asset class,” Cooper said.
Cooper added that this new announcement marks the first ‘stage of accreditations’ at Digivault, and they are currently seeking ISO27001 Information Security Management accreditation and alignment to the worldwide Payment Card Industry Data Security Standard.
The certification means that Digivault has passed the ‘rigorous’ process that ensures it has the measures in place to protect against the vast majority of common cyberattacks.
These include hacking, phishing, malicious software and ransomware through which criminals hijack files and hold them to ransom, and distributed denial of service attacks against websites, which are often accompanied by extortion.
Additionally, as part of the process, Digivault’s systems have also been independently verified by certification body CREST, an international not-for-profit accreditation and certification body that represents and supports the technical information security market.
According to Digivault, the new certification reinforces its commitment to ‘unparalleled security and providing offerings that meet the requirements of institutional clients’.
Robert Cooper, CEO of Digivault, commented: “We believe that the lack of a highly secure custody solution has hindered the widespread adoption of the digital asset class by institutional players.”
“Now with this certification, we have proof of our unparalleled security measures and we hope it will provide further peace of mind to investors who have an appetite for this burgeoning asset class,” Cooper said.
Cooper added that this new announcement marks the first ‘stage of accreditations’ at Digivault, and they are currently seeking ISO27001 Information Security Management accreditation and alignment to the worldwide Payment Card Industry Data Security Standard.
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