Sunday, August 9, 2020
News
NEWS HOME
PRN INDIA
CERtified - Cryptocurrency Exchanges Security Standard by Hacken
  SocialTwist Tell-a-Friend  
   

KYIV, Ukraine, July 6, 2020 /PRNewswire/ -- The cybersecurity of cryptocurrency exchanges is paramount in today's increasingly digital world. These platforms are responsible for large amounts of cryptocurrency tokens often worth tens of millions of dollars, belonging to thousands of unique users, making them a prime target for cyber criminals.

To improve the overall safety of all cryptocurrency stakeholders, leading cybersecurity company Hacken has introduced the CER.live platform and CERtified cybersecurity certification standards.

First Industrywide Cybersecurity Certification Standards

Cryptocurrency exchanges are susceptible to major threats such as traditional banking cybersecurity vectors as well as weaknesses posed by inadequate blockchain implementation.

Launched by Hacken in 2018, the Crypto Exchange Ranks (CER.live) was the first platform that set the cybersecurity standards in the cryptocurrency exchanges industry.

The main objective of the CER.live platform and CERtified cybersecurity certification standard is to educate and prevent users from trading at cryptocurrency exchanges who do not invest enough into their traders' funds security and encourage cryptocurrency exchanges to comply with the cybersecurity standards.

CERtified - Hacken's Unique Certification Methodology

Hacken's unique CERtified methodology provides certifications to exchanges ranging from an uncertified exchange to a 3 star certified exchange meeting the most strict cybersecurity criteria.

Certification levels are based on four criteria. The CyberSecurity Score is a combination of server security, user security, crowdsourced security, and historical hack cases. Penetration tests are used to imitate the actions of malicious users attacking the exchange. The aim of the test is to explore possibilities to gain access and control so these can be fixed. Penetrations tests need to be done on a regular basis as new features get added to exchanges.

As insolvent exchanges can lead to massive financial damage to its users, wallet addresses owned by cryptocurrency exchanges should be disclosed to display their proof of funds. This way, the risk of insolvency can be ranked objectively.

The final criterion in the certification process is the practice of conducting Bug Bounty programs run by external or crowdsourced security providers. Bug bounties are performed by cybersecurity experts and hackers that will aim to detect software and configuration errors that can slip past developers and security teams.

Cryptocurrency exchanges that fulfill all categories above will be certified. To learn more about the certification criteria, read the following blog post.

CERtified Standards Already Adopted By Industry Players

The CERtified methodology and standards are well received and accepted by the cryptocurrency industry. Already, more than 50 cryptocurrency exchanges are ranked in the CER.live platform.

Hacken is also proud to announce that CoinGecko, the world's leading independent cryptocurrency data aggregator, has updated their Trust Score algorithm for exchanges by incorporating the CER.live Certification and CyberSecurity Score as their data provider. More partners that will adopt the CERtified methodology will also be announced by Hacken in the future.

About Hacken

Hacken is a leading cybersecurity company targeting corporate and consumer markets, Established in 2017, Hacken has since become the global security partner of companies such as VeChain, Oneledger, AirAsia and many more.

Hacken offers a variety of cybersecurity products and services, including the CER.live certification standards for cryptocurrency exchanges, HackenProof bug bounty platform, and the HackenAI consumer cybersecurity protection application.

Hacken recently launched the Hacken Club online community, where cybersecurity enthusiasts share and discuss the best cybersecurity practices, investigations and reveal real scams and frauds in the cyber world.

Join the official Hacken Club Telegram to help protect and secure yourself, your friends and your family at https://t.me/hackenclub.

Hacken Logo

Photo - https://mma.prnewswire.com/media/1200210/main_image.jpg

Photo - https://mma.prnewswire.com/media/1200209/Bottom_image.jpg

Logo - https://mma.prnewswire.com/media/956693/Hacken_Logo.jpg

More News by PR Newswire India

THRIVE II: This Is What It Takes releases trailer August 8th in 15 languages for sequel to one of the top watched documentaries of all time

First liquid biopsy to receive FDA Approval for comprehensive tumor profiling across all solid cancers, Guardant Health's Guardant360® CDx, gains credibility among oncologists in Asia, Middle East and Africa.

First hospitals in U.S. implant next-generation cardiac device to reduce risk of stroke

Vype Celebrates 30 Days of Summer with 30 Prize Draws

TekMonks launches globally successful work-from-home digital solutions in India

Huawei Users Get Gifts to Celebrate Motorball Launch on AppGallery

Shemaroo, TVS Credit among leading brands increase Push Notifications Delivery by 50 to 70% with Netcore's Smart Push

GE Healthcare and NTTF partner to offer courses for healthcare technician roles

SGS is Accredited by The National Accreditation Board For Certification Bodies for Certification Of PPE Medical Coveralls for Exports

IAS First to Integrate with Google Ads Data Hub for Viewability and Brand Safety, Bringing Advertisers Privacy-Centric Metrics Across YouTube

ETMONEY launches India's Favourite Investment product, Fixed Deposits, assuring up to 7.35% returns

OKEx's BTC Perpetual Swap Funding Rates Among the Most Competitive in the Industry

Thentia Closes Series A With BDC to Bring Advanced Tech to Regulation

Dietary cholesterol and phytosterols contribute directly to heart disease

Media Advisory - BMO Financial Group to Announce its Third Quarter 2020 Results

CoinPayments Launches Global Business Development & Partnerships Team, Hires Key Executives in North America and Europe to Drive Growth

Covistat, Biopharmaceutical Company Developing Low-Cost COVID-19 Treatment, Acquires IP From World Leader in Respiratory Disease Medicine

Alembic Pharmaceuticals raises INR 750 crores via QIP, issue subscribed by nearly 2x. Monarch Networth Capital Ltd banker to the issue

Simplilearn and NSDC Announce Collaboration to Upskill Professionals in Digital Skills

Russell Reynolds Associates Acquires Cultural Analytics Business From Workplace Analytics

Scener and Agora Partner to Scale Watch Party Platform After Seeing 100x Growth

Enhanced Technologies Help E-commerce Platforms and Merchants Deliver a More Intelligent Live Streaming Experience

OnePlus and PUBG MOBILE Team Up to Deliver Exclusive 90 FPS Experience for Mobile Gamers

Milliman adds J.P. Augeri to global retirement and benefits team

Borderless Capital Invests in and Partners with StakerDAO to Accelerate Access to DeFi Across Algorand Ecosystem

The 23rd TDO® Software and 2nd GentleWave® User Meeting Moving to an All Virtual Experience

Smarten Announces an Innovative eLearning Course, 'Be a Citizen Data Scientist - Aspire, Inspire, Become'

Token Metrics launches 14 AI cryptocurrency indices

Caprion-HistoGeneX and Viroclinics-DDL announce a strategic partnership to offer integrated, complementary services to advance infectious disease research and COVID-19 therapeutic development

Thailand BOI Urges Investors to Focus on Business Upgrades Ahead of 2021 Recovery

Timex Brings Back '80s Nostalgia With The Launch Of T80 PAC-MAN™ In India During Amazon Prime Day 2020

Global Gas Industry Set to Resume Growth Post-Pandemic, Adopt Low-Carbon Technologies for Long-Term Growth

Celgard Successful in UK Court and is Granted Injunction Against Senior Battery Separator Imports Through Trial

CIIE: Larger, high-quality international import expo gearing up for November

REDD Intelligence Closes $5.8m Equity Financing to Accelerate Global Expansion, Expand Emerging Market Research Offering, Open London Office

Call for Entries now open for Lexus Design Award India 2021

Endress+Hauser Commended by Frost & Sullivan for Leading the Liquid Analyzer Market with Its Best-in-class Digital Instrumentation and Solutions

Lasa Supergenerics Q1FY21 Pat at 5.37 crs, Up 437% YoY

MSI unveils exciting Independence Day Sale offers on Flipkart and Amazon

IPM India Wholesale Trading Private Limited is Great Place to Work® Certified

CIE@IIIT Hyderabad announces 11th Cohort of deeptech and 5th Cohort of medtech Accelerators

Glenmark introduces higher strength (400 mg) of FabiFlu® to reduce pill burden of COVID-19 treatment

The Global Business Barometer improved for the second straight month, with the 3-month outlook for many industries moving from "much" to "somewhat" worse

PayU enables merchants to scale up financial operations with enhanced payouts solutions suite

'Let go of your Ego and you will find God'- The new E-book by AiR shows the way to find God

KBC releases Value Chain Optimization Manifesto to guide an embattled Energy and Chemical industry back to profitability

Income Solution For All Age-Groups: Edelweiss Tokio Life - Active Income Plan

Mediaocean Acquires Symsys To Expand European Operations

AVCtechnologies Announces Agreement to Buy Ribbon's Kandy Communications Business

Global Advanced Metals Announces Appointments of Donna Grier and Renee Hornbaker to Its Board of Directors

The Royal Canadian Mint Recognizes the 150th Anniversary of the Northwest Territories in its Newest Suite of Collector Coins

X2O Media Introduces Two New Media Players to Their Full Solution Offering

Jacobs Applauded for Its Best-in-Class Digital Water Solutions and Robust Partner Network

Customer Experience Outsourcers Launch Intelligent and Self-service Options to Improve Business Outcomes in Europe

Eye Level Literary Award 2020 for Aspiring Young Authors Goes Online

Johnson & Johnson Announces Agreement with U.S. Government for 100 Million Doses of Investigational COVID-19 Vaccine

Mercedes-Benz and CATL as a major supplier team up for leadership in future battery technology

Frost & Sullivan Presents Top Sensor Technologies Impacting the Future of Smart Cities

Global consumer electronics giant Hisense unveils its 'Made in India' television range; to be available from 6th Aug 2020

Axis Bank & Innoviti tie-up to extend affordability in times of COVID crisis through Debit Card EMI on POS terminals

Appointment of Ms. Supriya Prakash Sen as a Director on the Board of Azure Power Global Limited

83% Educational Institutions Plan to Conduct Exams Online, Finds Mercer | Mettl's Recent Study

OKEx Launches Peer-to-Peer Trading Platform With Multiple Payment Methods in India

Xoxoday's journey of motivating 2+ mn humans

Edelweiss Tokio Life - Active Income Plan: A Three-Generation Income Solution

ONE Championship Lands in Top 10 in Facebook Engagement Among Global Sports Properties

NTT Ltd. Acclaimed by Frost & Sullivan for its Comprehensive Intelligent Solution Suite for Enterprise Systems Integration

Malibu & DJ Dillon Francis Remix an Internet Sensation into a Summer Anthem You Can't Ignore

The Point-of-Care Ultrasound Certification Academy announces Doctors Without Borders as MissionPOCUS selection for 2020

Perfect World CEO Dr. Robert H. Xiao: Content Consumption to Change Dramatically Thanks to 5G

Perfect World CEO Dr. Robert H. Xiao: the COVID-19 pandemic will stimulate new growth across the e-sports industry

Cordico Announces Exclusive Partnership With 'Emotional Survival' Author Dr. Kevin Gilmartin

CFA Institute to Transition to Computer-Based Testing For All Levels of the CFA® Program in 2021

CoinLock Launches Netflix-Like Annual Subscription Model to Buy or Sell Bitcoin, Providing Members with Unlimited Trading Capacity and Saving Them Millions in Fees.

Lighting Industry Leaders Join Forces to Offer Ultraviolet Light Safety Guidance

Connected for Better: AACSB's Focus on Positive Societal Impact

Suresh Raina, Yuzvendra Chahal, Parthiv Patel & Pathan Bros join hands with Amitabh Shah's Yuva Unstoppable & Vedanta Limited

Philips Audio expands its product portfolio on Amazon Prime Day Sale

Gramercy Statement on Agreement Between Argentina and its Creditors

A Doctor from Visakhapatnam Wins ₹50 Lakhs in Junglee Rummy's RPL 8 Tournament

Kajal Agarwal takes her stance on #VocalforLocal - KhelPlay Rummy

OSH India Virtual Expo: A virtual initiative to create and sustain awareness for Occupational Safety and Health

Goodknight Fabric Roll-On vows to protect children in their indoor playgrounds in a new digital film

World Federation of Hemophilia (WFH) publishes "The WFH Guidelines for the Management of Hemophilia, 3rd edition"

Edtech venture GlobalShala aims to cultivate design thinking, entrepreneurship, and innovation to solve global challenges highlighted in United Nation's SDGs through the launch of their 'Superhero U' competition with prizes worth $90,000

Godrej & Boyce sees growth in precision engineered equipment as 'Make in India' policy gathers momentum

Staying the Course: Golden Agri-Resources' latest Sustainability Report highlights continued commitment to responsible production

Panchshil Realty's Office Portfolio First in APAC to Meet British Safety Council's Global Benchmarks for COVID-19 Related Control Measures

IIIT Hyderabad to Conduct Course on Online Pedagogy

Bank Alfalah and TerraPay to Launch Home Remittance Service to Pakistan

iHerb Announces Major Enhancement to iHerb's Popular Rewards Program

Airtel Selects Ribbon's 5G-Native Neptune Platform to Upgrade its Packet Transport Network

BNI® Global Announces Partnership with JCI, Enhancing Support to Global Business Professionals & Economies

Announcing World Food Travel Market

MSRCosmos Has Earned the SAP on Microsoft Azure Advanced Specialization Status

Shanghai Electric has been awarded EPC contract for 5th phase project of Dubai solar park

TB Alliance Announces European Commission Authorisation of New Treatment for Highly Drug-Resistant Tuberculosis

SIRUI, a Camera Accessories Manufacturer, Released Its 35mm f/1.8 1.33x Anamorphic Lens on INDIEGOGO August 3, 2020

GlobalData Ranks Ribbon the Leader in Network Slicing In 5G Transport Competitive Landscape Assessment

CIFF Guangzhou 2020 Successfully Concludes: Striving to Drive Steady Growth Across the Industry During the Pandemic

Cruise with confidence on Jalesh Cruises from 6th November 2020

GranBio and NextChem sign partnership to develop cellulosic ethanol market

Huawei Announces Global Rollout of New Device Gaming Hub - HUAWEI GameCenter

Flowhaven Opens London Office, Announces 2020 Momentum

Chandigarh & Mohali Housing Demand will get a boost due to Reverse Migration, opines Family Nest Real Estates Private Limited

Bank of Baroda Credit Card offers EMIs on PoS Terminals in partnership with Innoviti

Macrogen Obtains Europe's CE-IVD Certificate for its COVID-19 Test Kit

USGIC Launches India's 1st AI-powered Conversational Agent for Motor Insurance

Colliers International Appoints Subhankar Mitra as Managing Director, Advisory Services (India)

New Genesys Cloud Integration with Microsoft Teams Drives Productivity and Collaboration

FoodServiceDirect.com taps Unbxd's AI to power digital transformation across B2B and B2C

Pinterest Announces Update to Videos to Inspire Audiences in India to take Action on Ideas

CrowdPouch raises Angel Round from Elina Investments

JA Solar Supplies Modules for Malaysia's First Bifacial-Plus-Trackers Project

BowerGroupAsia Welcomes Ratan Shrivastava as new Managing Director for India

New Clinical Trial Reports Reduction in COVID-19 Hospitalization Days by 28%

Cision Publishes State of the Press Release, Uncovering How Communicators Can Create More Effective Press Releases

Growing number of patients choose COVID home care from RxDx clinics, Bengaluru

MIT-SDE Becomes the First Indian Institute to Collaborate with LinkedIn Learning

BC Cricket Championship: A thrilling and an exciting action packed August awaits for millions of cricket fans as Cricket comes alive in Canada

CGTN:Why Chinese military enjoys extensive support from the people

Rihanna Launches Fenty Skin

Zinnov Awards 2020 recognizes the Titans in Tech, individuals, and organizations who have become synonymous with excellence in the GCoE ecosystem

CGTN: Decoding China's vision for new era world-class army

LANXESS disinfectant kills coronavirus SARS-CoV-2 in just 60 seconds

Cosmoprof India and Personal Care Ingredients & Lab 2020 Present Their New Digital Events

India lays out the red carpet for Italian companies to 'plug and play' in its food parks

NTTF Joins Hands with Skanray to offer great opportunity to get Post Graduate Diploma in Medical Technical Field with Industry attachment

Epic Seven Releases New Limited Hero "Holiday Yufine"

Magical Mangroves: A nationwide campaign for mangrove awareness launched by Godrej & Boyce and WWF India

Mukta Kumar from Konnections IMAG receives 'Entrepreneur of the Year' Award at the 1st Edition of Exchange4media Women Achievers Summit and Awards 2020

ICFAI Business School (IBS) Announces IBSAT 2020 MBA Entrance Exam For Students Seeking Admission For MBA Courses

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Pending India-Bangladesh issues will be ...
Inspired reading in the lead-up to Indep...
Palghar lynching: Maha CID submits first...
Raising issue of unemployment, IYC to st...
Probe by Mumbai, Bihar police into Susha...
LeT terror module busted in J&K, six arr...
More...    
 
 Top Stories
Eng v Pak 1st Test: Woakes, Buttler... 
Krishna river in rain-hit Karnataka... 
Karnataka's COVID-19 death toll bre... 
Bihar cop's quarantine not to stall... 
Sanjay Dutt hospitalised, tweets to... 
Telangana govt will allow Ganesh fe... 
India's COVID-19 recovery rate stan... 
Number of those injured in Beirut c...