Binance has received the ISO 27001 and ISO 27701 information security governance and privacy information management certifications in France, the United Arab Emirates, and Bahrain.
A-LIGN, a global security and compliance firm awarded the certificates to Binance following a “thorough and comprehensive valuation “ of the exchange’s operations.
Binance bags global security and privacy accreditations
Despite being the target of a securities violation lawsuit filed by the U.S. Securities and Exchange Commission (SEC), Binance, the world’s largest bitcoin (BTC) trading venue, has secured two certifications.
Per an announcement by the exchange, A-LIGN, a global external auditor and tech-focused security and compliance firm, has awarded the ISO 27001 and ISO 27701 certifications for information security governance and privacy information management to Binance.
The team says the certifications, which cover jurisdictions including France, Bahrain, and the United Arab Emirates (UAE), were awarded to Binance following a “thorough and comprehensive valuation of the security and privacy domains of its operations.”
Binance remains liquid
Commenting on the exchange’s latest achievement, Jimmy Su, Binance’s Chief Security Officer reiterated that information security governance should be an integral part of every modern organization, and receiving this award shows that the exchange operates in compliance with international security and privacy standards.
“Users and clients on our platform can be assured that their assets and information are protected in line with the latest global standards. We have a team of highly experienced security professionals that are continuously improving, adapting, and innovating to ensure that Binance remains at the forefront of safeguarding the blockchain ecosystem.”
Changpeng Zhao’s Binance has been a target of FUD in recent months, with the latest enforcement action by the SEC triggering over $70 million in net outflows from the exchange within 24 hours and a market-wide bloodbath.
However, despite the massive fund withdrawals, which currently stand at more than $700 million, on-chain data released by CryptoQuant shows that the outflows are insignificant compared to Binance’s fund reserves.
At the time of writing, the global crypto market capitalization stands at $1.09 trillion, representing a 3.84% decline in the last 24 hours, according to CoinMarketCap.