Digivault, part of Hong Kong-based Diginex, receives UK government-backed seal of approval on cybersecurity

Digivault, a secure digital asset custody provider, announced today its successful completion of the Cyber Essentials Plus certification, reinforcing its commitment to unparalleled security and providing offerings that meet the requirements of institutional clients.

Receiving this certification means that Digivault has passed the rigorous process that ensures it has the measures in place to protect against the vast majority of common cyberattacks. These include hacking, phishing, malicious software and ransomware through which criminals hijack files and hold them to ransom, and distributed denial of service (DDOS) attacks against websites, which are often accompanied by extortion.

As part of the process, Digivault’s systems have also been independently verified by certification body CREST.

Digivault’s mantra of Secure by Design is reinforced by internationally recognised standards and accreditations. Cyber Essentials Plus is backed by the UK Government and supported by the National Cyber Secretary Centre, which is part of GCHQ1. Since 2016, the UK Government has invested around £1.9 billion (US$2.48 billion)2 on cyber security and dealt with thousands of significant incidents, requiring cross government and industry responses.
“We believe that the lack of a highly secure custody solution has hindered the widespread adoption of the digital asset class by institutional players. Now with this certification, we have proof of our unparalleled security measures and we hope it will provide further peace of mind to investors who have an appetite for this burgeoning asset class,” said Mr. Robert Cooper, Chief Executive Officer of Digivault.

“Today’s announcement is the first stage of accreditations for us at Digivault and we are currently seeking ISO27001 Information Security Management accreditation and alignment to the worldwide Payment Card Industry Data Security Standard (PCI DSS).”

Launched in 2019, Digivault’s Kelvin offering, provides a vaulted cold storage solution for a range of digital asset holdings including Bitcoin and Ethereum. The product offers enterprise-grade security, operates to global standards and provides a highly secure means of processing and storing digital assets.

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

Decoding the Role of a Silent Partner

Decoding the Role of a Silent Partner

When it comes to raising funds for the business, bootstrapping, venture capitalists and angel investors are the standard choices in every entrepreneur’s mind. However, with each investment option, there is a fear of losing control due to outside influence.

What China’s Crackdown on Crypto Can Mean for the Market

What China’s Crackdown on Crypto Can Mean for the Market

The People’s Bank of China said in September this year that “all virtual currency-related business activities are illegal financial activities”, including services by overseas cryptocurrency exchanges to Chinese residents through the Internet.

What Is a DAO and How Does It Make Money

What Is a DAO and How Does It Make Money?

Imagine that you and your partners come up with an excellent business idea. After drafting a thorough plan, all you need is the money to execute it. For that, you can set up a decentralized autonomous organization, or DAO. To join the organization, people buy tokens, gaining part ownership of your company while investing in it.

What Are Decentralized Financing (DeFi)Platforms

What Are Decentralized Financing (DeFi)Platforms?

Decentralized financing (DeFi) is a blockchain-based financial system that does not rely on traditional financial institutions like banks. Decentralized financing platforms allow users to trade cryptocurrencies and make available other financial services, like borrowing and lending. In 2021, DeFi industry has grown to US$80 billion, with an expected ten-fold growth by 2022.