AMA August 2023: Nexo's Rigorous Security Standards
Nexo’s successful completion of its independent Type 2 SOC 2 audit has prompted us to attend to a topic that is impossible to overemphasize – Data Security. In this July’s edition of our AMA, Nexo Co-Founder and Managing Partner Antoni Trenchev is joined by company Chief Information Security Officer, Milan Velev. Explore the extensive efforts and milestones achieved by our teams at Nexo, where we diligently uphold and set the bar high with our rigorous security standards. Join us live for this InfoSec lowdown session.
00:00 – Intro
02:58 – How do certificates, licenses, audits, and attestations enhance the security posture of a crypto company, and what safeguards are implemented to prevent potential vulnerabilities in these areas?
08:15 – Do you have documented technical and organizational measures governing the protection of personal data while being in transit,used,modified, stored and deleted?
09:25 – Important topic, complex, and ever-evolving. Are there plans for a program to educate users in simple hands-on ways - e.g. safe use and common pitfalls (scams)?
18:30 – What is your biggest worry about the current crypto ecosystem and how do you approach this within Nexo’s product offering?
22:33 – Hi Milan, how does Nexo ensure the protection and privacy of user data in the face of emerging cybersecurity threats and constantly evolving hacking techniques?
25:54 – Hi Antoni, how did the Hacken Smart Contract Auditor rate the Nexo non-custodial wallet with a perfect 10/10 score in their independent audit?
28:50 – What measures do you take to protect against Distributed Denial of Service (DDoS) attacks and ensure platform availability?
32:23 – How do you keep your employees educated about the latest security best practices and potential threats to the platform?
35:03 – Do you have a bug bounty program in place to encourage responsible disclosure of security vulnerabilities?
37:07 – In the event of a security breach, what steps will you take to notify and assist affected users?
Read more about our Co-founder & Managing Partner, Antoni Trenchev, here: https://www.antonitrenchev.com/
Learn more about Nexo through our channels:
Site: https://nexo.com
Blog: https://nexo.com/blog
Twitter: / nexo
Reddit: / nexo
Telegram: https://t.me/nexofinance
Instagram: / nexofinance