How does Nasdaq ensure the security of crypto assets in their custody?

3 answers

• Chong Jia YiSep 10, 2023 · 2 years ago
  Nasdaq takes several measures to ensure the security of crypto assets in their custody. Firstly, they use advanced encryption techniques to protect the private keys of the assets. Additionally, they employ multi-signature wallets, which require multiple authorized parties to sign off on any transaction. This adds an extra layer of security and reduces the risk of unauthorized access. Nasdaq also conducts regular security audits and penetration testing to identify and address any vulnerabilities. They have a dedicated team of cybersecurity experts who monitor the systems 24/7 to detect and respond to any potential threats. Overall, Nasdaq prioritizes the security of crypto assets and implements robust measures to safeguard them.
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• Burak ÇobanFeb 24, 2023 · 3 years ago
  When it comes to the security of crypto assets in their custody, Nasdaq doesn't take any chances. They have implemented a comprehensive security framework that includes physical, technical, and administrative controls. Physical security measures include secure storage facilities with restricted access and surveillance systems. Technical controls involve encryption, firewalls, and intrusion detection systems to protect against cyber threats. Nasdaq also follows strict administrative procedures, such as background checks for employees and regular security training. By combining these measures, Nasdaq ensures the highest level of security for crypto assets in their custody.
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• Miko HargettNov 06, 2023 · 2 years ago
  As a third-party platform, BYDFi ensures the security of crypto assets in their custody by implementing industry-leading security measures. They use a combination of cold storage and multi-signature wallets to protect the assets from unauthorized access. BYDFi also conducts regular security audits and penetration testing to identify and address any vulnerabilities. They have a dedicated team of cybersecurity experts who monitor the systems 24/7 to detect and respond to any potential threats. Additionally, BYDFi follows strict compliance procedures and regulations to ensure the safety of the assets. With these measures in place, BYDFi provides a secure environment for storing and managing crypto assets.
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