SlowMist has reportedly passed the audit conducted by the international certification body, DNV Management Services Group, and obtained the ISO/IEC 27001:2022 Information Security Management System Certificate (with recognition from CNAS and UKAS).
This signifies that SlowMist’s information security management system meets international standards, “elevating its internal information security practices while laying a solid foundation for providing safer and more reliable services to its customers.”
ISO/IEC 27001 is a globally recognized standard “jointly issued” by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC).
It aims to ensure organizations can protect their information assets, mitigate potential security threats and vulnerabilities, as well as properly “safeguard the confidentiality, integrity, and availability of data.”
The ISO/IEC 27001:2022 standard, the latest revision, imposes stringent requirements on information security management systems, encompassing “more comprehensive risk assessments, information protection, and compliance standards.”
By passing audits and evaluations, SlowMist has demonstrated its establishment of an “effective information security management system capable of systematically managing and reducing risks.”
The certification covers several core products and services of SlowMist, including “the SlowMist AML and SlowMist MistTrack security products.”
SlowMist AML is described as an anti-money laundering (AML) solution for cryptocurrency.
It is designed to provide Web3 industries, regulatory and enforcement agencies, and financial institutions with “analysis and investigation capabilities for cryptocurrency AML.”
The solution actively contributes to building “a healthy cryptocurrency ecosystem.”
The products and services under SlowMist AML include:
- Malicious Address Library
- MistTrack Investigation
- MistTrack KYT
- Cryptocurrency Tracking and Recovery Services
SlowMist AML helps customers identify and mitigate risks “associated with cryptocurrency transactions, comply with regulatory requirements, and protect their businesses and clients from financial crime.”
MistTrack is a compliance investigation platform that “provides wallet address analysis, fund monitoring, and tracking capabilities.”
It helps users trace the flow of crypto-assets, “pinpointing asset origins and destinations.”
Whether preventing fraud, identifying malicious risks, or “assisting users in tracing funds,” MistTrack delivers precise on-chain data analysis.
Currently, MistTrack has accumulated:
- Over 300 million address labels
- More than 1,000 address entities
- 500,000+ threat intelligence addresses
- 90 million+ risky addresses
This database ensures digital asset security and “aids in combating money laundering crimes.”
In addition, SlowMist’s security audit and consulting services are also included in the certification scope.
These services provide technical support and compliance assurance for blockchain projects, ensuring that blockchain apps and smart contract codes undergo security checks and audits “before going live, thus avoiding potential vulnerabilities and risks.”
As blockchain tech and the Web3 ecosystem continue to thrive, the challenges of information security “are becoming increasingly critical.”
Achieving ISO/IEC 27001:2022 certification underscores SlowMist’s long-term investment and “expertise in the field of information security.”
This milestone aims to strengthen the foundation “for international cooperation and business expansion.”
SlowMist says it will continue to enhance internal management and technological innovation, improve security performance and user experience, and foster industry collaboration “to advance the development of blockchain security.”