On January 30, Nexo, a digital property establishment, achieved affirmation of its safety and privateness protocols by attaining the ISO 27017 and ISO 27018 certifications, per the data shared with Finbold.
This builds upon the established basis of ISO 27001 requirements inside the group. Awarded by RINA—a multinational inspection, certification, and engineering consulting firm famend for its requirements—displays a dedication to safeguarding consumer knowledge, bolstering cloud safety, and upholding privateness requirements within the up to date digital panorama.
The significance of implementing sturdy safety measures has change into more and more obvious. In 2023, regardless of a 50% discount in losses attributed to safety incidents inside the cryptocurrency sector, the full nonetheless amounted to $1.7 billion. This determine underscores the importance of Nexo’s adherence to safety requirements.
The collaborative affect of ISO 27001, ISO 27017, and ISO 27018
Acknowledged for its Data Safety Administration Techniques (ISMS), Nexo has been compliant with ISO 27001 since 2019 and augmented its credentials to embody ISO 27017 and ISO 27018.
Nexo’s safety dedication is obvious by means of its ISO 27001 certification, emphasizing a security-focused method. ISO 27017 extends these rules to the cloud, aligning with the crypto ecosystem’s prevalent use. ISO 27018 reinforces Nexo’s dedication to privateness, emphasizing express consent, knowledge minimization, and rigorous third-party administration for personally identifiable data within the cloud.
Nexo’s Chief Safety Officer, Milan Velev, mentioned:
“Nexo’s integration of ISO requirements for data safety and privateness signifies a significant step ahead in our journey to set new benchmarks in digital finance, we’re not simply complying with worldwide requirements; we’re main by instance, prioritizing our shoppers’ safety and privateness in each facet of our operations.”
Kalin Panev, Nation Supervisor of RINA, added:
“We’re happy to certify Nexo with the ISO 27017 and ISO 27018 requirements. This partnership underlines RINA’s dedication to selling superior safety measures and knowledge safety within the progressive monetary expertise sector.”
Nexo’s acquisition of the ISO 27017 and ISO 27018 certifications additional reinforces the corporate’s enduring dedication to sustaining the very best requirements in safety and privateness. This dedication is augmented by the SOC 2 Kind 2 audit and the attainment of the CSA Safety, Belief & Assurance Registry (STAR) Degree 1 Certification.
Moderately than viewing these accomplishments as remaining locations, Nexo perceives them as pivotal steps in an ongoing journey towards establishing benchmarks in safety and transparency inside the digital property area.
