Token Generation Events have become a favourite haunt for cyber criminals looking to either hijack the event for ransom or divert contributions into their personal wallet. Having identified and analysed the vulnerabilities exploited, trade.io was able to implement stringent security measures to set a new industry standard for the token generation event. The platform was able to confidently fend off numerous attacks during the event, delivering a hitch-free experience for all participants of the event.
Security Measures In Place
“When it comes to security, the trade.io team is firm on not cutting any corners and is committed to having an exchange that clients feel safe using.” reveals trade.io’s Chief Technology Officer, Charles Voltron.
The TGE is the threshold to trade.io’s total commitment to maximum security standards, which now includes the addition of a world-class security expert to oversee the implementation of security measures by a highly-trained cybersecurity team.
“Our security approach towards securing the exchange is holistic,” the CTO continues.” Other than protecting the exchange with a multi-layered defence tactics, we are enhancing our employees awareness for cyber events, we protect our business processes and our internal technologies.”
The result of this, is the setting of new security standards, practices, and procedures on the platform leading to multi-layered protection for users through several authentication protocols and secure communications channels. Exchange funds and wallets on the platform will be securely protected via proprietary algorithms, whose capabilities are always under constant risk assessments, architectural and code reviews, and penetration tests by both internal and external security experts.
Round The Clock Monitoring
“We are treating cyber defence as an ongoing process and integrating it in all of the development and business activities” states Ari Proper, trade.io’s Head of Security.
trade.io has secured the services of an in-house team of cybersecurity professionals to monitor the platform’s activity round the clock for any anomaly. The company has also implemented Bank-grade security monitoring and detection systems to enable the platform quickly detect, isolate, and block any cyber anomaly on both internal and external systems.
“We are using innovative industry-leading technologies to detect, protect and respond quickly to cyber events. We have a team of experts with vast knowledge and experience in the cybersecurity field as well as deep and strong connections in the industry that allows us to consult, review and test relevancy of cybersecurity technologies continuously.
Pre-registration for trade.io cryptocurrency exchange is on-going, interested users and sign up now for further information at: https://exchange.trade.io
trade.io is providing a next-generation financial ecosystem built on institutional-grade infrastructure on the blockchain. Its decades of experiences in the Fintech sector including trading and investment banking, and technical expertise has enabled the company create the ultimate secure and transparent exchange platform set to revolutionize asset trading and investment banking.
Exchange website: https://exchange.trade.io
trade.io website: https://trade.io/
Chat on Telegram: https://t.me/TradeToken
Meet the team: https://www.linkedin.com/company/trade-io/
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Image Courtesy: trade.io