Nexo Attains Key Cloud Security Certifications (ISO 27017 and ISO 27018) to Enhance Data Protection

Nexo Attains Key Cloud Security Certifications (ISO 27017 and ISO 27018) to Enhance Data Protection

Nexo, a prominent digital assets company, has successfully obtained ISO 27017 and ISO 27018 certifications, reinforcing its commitment to bolster security and privacy measures for client data. These certifications, in addition to Nexo’s existing ISO 27001 compliance, specifically address cloud computing environments, showcasing the company’s dedication to safeguarding user information in an era of growing cloud services within the crypto ecosystem.

ISO 27017 extends information security controls, building on the foundation of ISO 27001 and tailoring them for cloud-based operations. Simultaneously, ISO 27018 outlines privacy guidelines, specifically focusing on personally identifiable information stored in the cloud. Together, these certifications underscore Nexo’s robust security and data protection safeguards.

Nexo’s Chief Security Officer, Milan Velev, emphasized the significance of these certifications, stating, “Nexo’s integration of ISO standards for information security and privacy signifies a major step forward in our journey to set new benchmarks in digital finance. We are not just complying with international standards; we lead by example, prioritizing our client’s security and privacy in every aspect of our operations.”

The certifications were granted by the global certification body RINA after an independent audit, further establishing Nexo’s adherence to stringent security protocols and transparency in the digital asset sector. This achievement follows earlier compliance with SOC 2 Type 2 requirements for financial services firms and the possession of a CSA STAR Level 1 Certification.

Nexo’s ongoing commitment to robust security measures aligns with its goal of setting industry standards. However, recent developments also highlight Nexo’s legal pursuit, seeking $3 billion in damages from Bulgaria over an aborted criminal investigation. Nexo alleges that the investigation negatively impacted its reputation, thwarted plans for a U.S. stock market listing, and disrupted a soccer sponsorship deal, resulting in significant shareholder value loss.

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