Nexo attains crucial certifications for cloud security and privacy
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Nexo, a company specializing in digital assets, has recently obtained ISO 27017 and ISO 27018 certifications. These certifications serve to enhance the security and privacy of client data, building upon Nexo’s existing ISO 27001 compliance.
In a press release shared with crypto.news, it was revealed that the ISO 27017 and 27018 standards specifically focus on cloud computing environments. As the use of cloud services continues to grow within the crypto ecosystem, these certifications exemplify Nexo’s dedication to safeguarding user data and privacy.
ISO 27017 expands upon the information security controls outlined in ISO 27001, specifically addressing cloud security. On the other hand, ISO 27018 provides guidelines for the protection of personally identifiable information stored in the cloud. Together, these certifications highlight Nexo’s robust security measures and commitment to data protection.
Milan Velev, Nexo’s Chief Security Officer, commented on the certifications, stating that they were granted by the esteemed certification body RINA following an independent audit. These designations further solidify Nexo’s reputation for adhering to strict security protocols and maintaining transparency within the digital asset sector.
Previous audits have also confirmed Nexo’s compliance with SOC 2 Type 2 requirements for financial services firms. Additionally, the company holds a CSA STAR Level 1 Certification. The continuous emphasis on robust security measures demonstrates Nexo’s dedication to setting industry standards.
In recent news, it was revealed that Nexo is seeking $3 billion in damages from Bulgaria due to an aborted criminal investigation. The company alleges that the investigation negatively impacted its plans for a U.S. stock market listing and a soccer sponsorship deal, tarnishing its reputation and causing a decline in shareholder value. Legal filings indicate that Nexo AG, a Swiss subsidiary of Nexo Capital based in the Cayman Islands, is pursuing this legal action.
It is important to note that the content provided in this article is sourced from a third party, and crypto.news does not endorse any specific products mentioned. Users are encouraged to conduct their own research before making any decisions related to the company.
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