Listed Security Provider Prosegur Launches Prosegur Crypto Custody Arm

[ad_1]

Share this article

Prosegur is launching a crypto guard arm.

Prosegur announces Crypto Bunker

Prosegur, a publicly traded company providing advanced physical security and cybersecurity services, is launching its Prosegur Crypto branch to offer a powerful solution for professional cryptocurrency custody.

The company aims to bring its decades of cybersecurity experience to the crypto world by launching the Crypto Bunker ©, a multi-layered defense-in-depth mechanism that protects client funds against digital and physical tampering methods.

The Crypto Bunker is based on a “360 ° inaccessibility approach” which integrates more than 100 protection measures in 6 integrated security layers of 2 inaccessible environments: the cold room and the cold space.

The heart of the retention mechanism is the 100% offline storage and transaction signing process, which uses an air-gap hardware security module (HSM) to keep the keys private. Using a single output-only network interface, the HSM can be used to withdraw funds from the wallet without an internet connection. To sign transactions for the wallet, a secure multi-party compute (MPC) system distributes private key shares to up to 15 co-signers, ensuring there is no single point of failure. Finally, user authentication combines secure OTP solutions, passwords, biometric data and geolocation with a whitelist process of IP addresses, resulting in a secure multi-step authentication process. The system is offered in partnership with GK8, a leading provider of cryptographic security solutions.

In terms of physical security, Prosegur Crypto’s facilities have 24/7 surveillance, armored storage, and specific protocols to prevent physical extortion and theft, both by strangers and insiders. Facility employees are subject to periodic criminal and credit background checks, in addition to biometric checks and separate levels of management access to ensure that no employee is able to mess with the system. Finally, internal communication systems are secured by all types of advanced cyber threats, including DDOS attacks and intrusions into corporate network systems, with attestations of all relevant certifications.

The physical defense mechanism is the result of decades of know-how acquired by Proségur, which secures $ 400 billion in assets in custody. Offering many types of security services spread across different branches, including home security and protection of funds in transit, Prosegur is a market leader in physical security and cybersecurity products.

Raimundo Castilla, CEO of Prosegur Crypto, said of the update:

“We are now ready to unveil our revolutionary crypto custody solution, possibly the most advanced and comprehensive on the market. The combination of bank-grade physical security and next-generation cold storage technology means that Prosegur Crypto is the most secure place to store crypto assets for institutions, businesses, and any other entity that requires remote storage. secure cold. With security, trying to reinvent the wheel is never worth it, and anyone who goes through the process usually ends up coming up with their own security services due to the enormous know-how and investment involved. By using the services of proven experts, businesses can feel secure while saving considerable resources.

Prosegur Crypto is the crypto custodial arm of Prosegur, a multidisciplinary security company established in 1976. Its Crypto Bunker, a security platform based on the idea of ​​360-degree inaccessibility, combines advanced one-way HSM modules and a MPC-based key derivation with armored vaults and strict internal bank-level security practices to ensure comprehensive protection of customers’ crypto funds.

For more information, contact the press at [email protected]

Share this article

Information on or accessible through this website is obtained from independent sources which we believe to be accurate and reliable, but Decentral Media, Inc. makes no representations or warranties as to the timeliness, completeness, or accuracy of any information on or accessible through this website. . Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. Information on this website is subject to change without notice. Some or all of the information on this website may become out of date, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any information that is out of date, incomplete or inaccurate.

You should never make an investment decision on any ICO, IEO or other investment based on the information contained on this website, and you should never interpret or otherwise rely on any of the information. of this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are looking for investment advice on an ICO, IEO, or other investment. We do not accept any compensation in any form for analysis or reporting on any ICO, IEO, cryptocurrency, currency, token sales, securities or commodities.

See full terms and conditions.

Verasity Receives Notice of Authorization for Second Proof of Sight Patent

Verasity has received notice of patent acceptance for its Proof-of-View system. Verasity Lands Allocation Notice Verasity, a leading company in blockchain-based advertising technology, has received a notice …

SolRazr Raises $ 1.5 Million to Build the First Decentralized Developer Ecosystem …

SolRazr closed a $ 1.5 million funding round. SolRazr to leverage Solana Solana-based venture capital platform SolRazr has unveiled the first decentralized developer ecosystem for the Solana blockchain, comprising Launchpad, …

How to trade using the inverted head and shoulders pattern

In stock or cryptocurrency trading, you may have heard of the term “reversed head and shoulders”. Also known as ‘head and shoulders down’ training, the inverted head and shoulders chart pattern can …

EQONEX announces the launch of an exclusive airdrop

EQONEX has announced an airdrop for EQO holders. EQONEX Prepares to Release Nasdaq-Listed Cryptocurrency Exchange EQONEX (Nasdaq: EQOS) has released details of its first-ever EQO Dollar Drop (EQO-D) exclusively …

[ad_2]