Read

<p class="is-style-lead"><a href="https://www.bybit.com/en-US/" target="_blank" rel="noopener">Bybit</a>, a cryptocurrency exchange, is now ISO 27001 certified, per a recent press release.</p>



<h2 class="wp-block-heading" id="bybit-8217-s-iso-27001-certification">Bybit&#8217;s ISO 27001 certification</h2>



<p>The International Organization of Standardization (ISO) 27001 <a href="https://advisera.com/27001academy/what-is-iso-27001/" target="_blank" rel="noopener">certification</a> is a combination of various procedures for every organization regardless of size. The framework is focused on systemically protecting user information in a cost-effective way. </p>



<div class="cn-block-related-link">

    <svg class="cn-block-related-link__icon icon" aria-hidden="true">
        <use xlink:href="#icon-bookmark"></use>
    </svg>

    
        <span class="cn-block-related-link__prefix">
            You might also like:
        </span>

    
    
        <a href="https://crypto.news/bybit-begins-offering-crypto-lending-services/" class="cn-block-related-link__link">
            Bybit begins offering crypto lending services        </a>

    
</div>


<p>The ISO 27001 framework is designed on three principles, first, on confidentiality, which ensures that only authorized personnel who have the right can access the necessary information. Besides, emphasizing integrity ensuring that only persons with the right authorization can appropriately alter information stored. This framework also looks at availability, meaning the right information must be accessible to the right person whenever it is needed.</p>



<p>With the attainment of the globally recognized ISO 27001, Bybit is committed to information security, risk management efficiency and regulatory compliance. This can establish the exchange as a vanguard on user safety, transparency and data security in the crypto industry.&nbsp;</p>



<p>Ben Zhou, co-founder and CEO of Bybit, said this certification demonstrates their commitment to security:</p>



<blockquote class="wp-block-quote">
<p>&nbsp;“This certification is a testament to our dedication to providing our customers with the highest level of security possible. We are committed to protecting our client’s funds via industry-leading cold wallet and independent custody solutions. Furthermore, our prudent management has seen us grow our user base by 50% despite industry-wide headwinds. This certification inspires us to continue to provide next-level opportunities to our large base of institutional and retail clients.”</p>
</blockquote>



<p>The security management system will be effected on May 18. With ISO 27001’s focus on information security, this certification is expected to implement and maintain the best practices to safeguard user assets.</p>



<p>The rigorous standards for information security management certification are difficult to surpass. To achieve that, Bybit had to be dedicated to compliance, risk management, and operational efficiency.&nbsp;</p>



<p>This serves as proof to both retail users and institutional investors, which boosts their confidence in Bybit’s operations.</p>



<h2 class="wp-block-heading" id="certification-strengthens-security">Certification strengthens security</h2>



<p>Bybit’s ISO 27001 certification increases the exchange’s ability to identify, evaluate and respond to potential security risks. Through comprehensive risk assessments and the implementation of appropriate security measures, Bybit mitigates risks of hack or major security incidents.</p>



<div class="cn-block-related-link">

    <svg class="cn-block-related-link__icon icon" aria-hidden="true">
        <use xlink:href="#icon-bookmark"></use>
    </svg>

    
        <span class="cn-block-related-link__prefix">
            Read more:
        </span>

    
    
        <a href="https://crypto.news/bybit-to-open-global-headquarters-in-dubai-following-50-increase-in-users/" class="cn-block-related-link__link">
            Bybit to open global headquarters in Dubai following 50% increase in users        </a>

    
</div>



    <p>
        Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.    </p>

Bybit is ISO 27001 certified, focus on protecting investors

Table of Contents

crypto.news

Other articles published on May 24, 2023

Fintoch ponzi actors escape with 31.6m USDT

Tokenomics 8: Why global crypto institutions are necessary- and where to start

CFTC struggling to police cryptocurrency fraud

StraitsX Collaborates with Hedera to Launch Its XSGD Token

FTX 2.0: Reboot Plan Revealed in Court Filing, Launch Imminent

3 SPECTACULAR Altcoins for Crypto’s Next BIG Narrative

Join our free newsletter for daily crypto updates!