Digivault receives UK Government-backed seal of approval on cyber security measures

Digivault receives UK Government-backed seal of approval on cyber security measures
06.02.2020 10:56 am

Digivault receives UK Government-backed seal of approval on cyber security measures

Asset Management

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 GCHQ[1]. 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.

 

Related News

Koine partners with GCEX to provide global client-base with ultra-secure segregated custody and settlement

Koine, the provider of segregated, institutional custody and settlement services for digital assets and fiat money, has integrated with digital broker GC Exchange Limited (GCEX... Read more »

3K Investment Partners selected Axia to advance its Fund & Asset Management operations

Profile Software, a leading financial solutions provider, announced today that 3K Investment Partners, a Mutual Funds... Read more »

Tradeteq calls for government action to improve trade finance distribution during the COVID-19 crisis

Tradeteq, the London-based provider of technology and software solutions to the trade finance industry, has today... Read more »

DTCC to evaluate further digitalization in the public and private markets

The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today unveiled plans to explore the... Read more »

Integral Reports Average Daily Volumes of $35.1 Billion in April 2020

Integral (www.integral.com), the technology partner trusted by leading banks, brokers, and asset managers to help them... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel