Binance.US Awarded ISO, IEC Accreditation for Adequate Security Measures

At Binance.US, they claim to focus “fiercely” on protecting the integrity and confidentiality of their customers’ information.

To this end, Binance.US are pleased to share that their platform’s security measures and countermeasures that protect their customers were recognized as “best-in-class” by the International Standards Organization (ISO) – the world’s largest developer of voluntary standards – and the International Electrotechnical Commission (IEC).

As such, Binance.US received the following accreditations: ISO/IEC 27701:2019 and ISO/IEC 27001:2013.

A-LIGN, an independent, third-party auditor, “issued the certification by determining Binance.US to have exceptional technical controls in place and formalized Privacy and IT security policies and procedures.”

A-LIGN is “an ISO/IEC 27701 certification body accredited by the ANSI National Accreditation Board (ANAB).”

Compliance with this internationally recognized standard confirms that Binance.US’ security management program “is comprehensive and follows leading practices.”

Binance.US prioritizes “securing their customers’ assets and information, and we continuously engage with third-party experts to validate our platform and processes.”

In addition to these certifications, the platform and processes have the following recognition:

  • Compliant with Service Organization Control (SOC 2, Type 1)
  • Acknowledged for Payment Card Industry Data Security Standards (PCI DSS) for meeting or exceeding international standards for transparency and accountability.
  • Registered with the Financial Crimes Enforcement Network (FinCEN) as a Money Services Business (MSB), and therefore subject to the same FinCEN requirements as traditional financial services platforms.
  • Aligned with the National Institute of Standards and Technology (NIST) and Center for Internet Security (CIS) cybersecurity frameworks.

In other recent updates from Binance.US, it was confirmed that the sale of Voyager Digital has received preliminary approval by the courts thus clearing the way for Binance.US to acquire the assets of the bankrupt firm.

Revealed last month, Binance.US announced the agreement for it to acquire Voyagers assets for approximately $1 billion. Binance.US’ bid provided a path forward for Voyager customers’ funds to gain access to their funds, and return to them in the form of the cryptocurrencies previously held in their Voyager accounts.

Voyager fell prey to the crypto contagion that has been pummeling the digital asset market. Voyager had provided a loan to Three Arrows Capital (3AC), a crypto hedge fund based in Dubai. When 3AC went bust due to risky investments, it defaulted on a $650 million loan from Voyager. Voyager filed for bankruptcy protection last July.

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