Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Nexo, a digital assets company, has achieved ISO 27017 and ISO 27018 certifications. These certifications build on Nexo’s existing ISO 27001 compliance to further enhance security and privacy for client data.
In a press release shared with crypto.news, the ISO 27017 and 27018 standards apply specifically to cloud computing environments.
As the use of cloud services grows across the crypto ecosystem, these certifications demonstrate Nexo’s commitment to protecting user data and privacy.
ISO 27017 extends the information security controls from ISO 27001 to the cloud.
Meanwhile, ISO 27018 outlines privacy guidelines for personally identifiable information stored in the cloud.
Together, the certifications underscore Nexo’s robust security and data protection safeguards.
Commenting, Nexo’s chief security officer, Milan Velev, said:
“Nexo’s integration of ISO standards for information security and privacy signifies a major step forward in our journey to set new benchmarks in digital finance. We are not just complying with international standards; we lead by example, prioritizing our client’s security and privacy in every aspect of our operations.”
Global certification body RINA granted the prestigious designations after an independent audit. They build on Nexo’s track record of adherence to stringent security protocols and transparency in the digital asset sector.
Earlier audits found Nexo compliant with SOC 2 Type 2 requirements for financial services firms. The company also holds a CSA STAR Level 1 Certification.
For Nexo, robust security is an ongoing priority as the company aims to set industry standards.
Recent news also reveals that Nexo is seeking $3 billion in damages from Bulgaria over an aborted criminal investigation that the company alleges scuppered its plans for a U.S. stock market listing and a soccer sponsorship deal.
According to legal filings, Nexo AG, a Swiss unit of Cayman Islands-based Nexo Capital, alleges the investigation tarnished its reputation and destroyed shareholder value.
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.