Digivault receives UK Government-backed seal of approval on cyber security measures
- Asset Management
- 06.02.2020 10:56 am
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. Since 2016, the UK Government has invested around £1.9 billion (US$2.48 billion) 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.