Mark Weaden
BlockQuake bolsters platform profile by forming a partnership with proven global digital asset security firm Friedman CyZen.
The unique digital asset trading platform is regulatory-driven, which makes it stand out from the ever-growing list of exchanges available to crypto traders. Friedman LLP, a highly reputable security firm, offers leading technology that will be implemented into the BlockQuake platform. This technology will aid in safeguarding and protecting users against cyber attacks and security breaches, which has historically been a concern for the cryptocurrency industry—and anyone that is storing their savings in digital assets.
What does this mean for BlockQuake?
Friedman CyZen has decades of experience in the cybersecurity industry, focusing on technology compliance in relation to set regulatory principles. This partnership will separate BlockQuake from other leading exchanges in the industry. Though, whether this leads to success in the market remains to be seen.
CyZen offers ongoing security log auditing and testing, compliance consulting, unmatched cybersecurity control, and processing audits. Regulation has been at the forefront of any kind of contention the crypto space has faced since going online. Partnering with CyZen will mean BlockQuake has an enhanced level of self-regulation compared to other exchanges, as well as the obvious fact that user investors and traders will have a high level of protection and security.
Cybersecurity and cryptocurrency
A penetration test carried out by CyZen found that there are no glaring vulnerabilities in its existing cybersecurity. However, hackers are often one step ahead of the curve and companies don’t want a repeat of past mistakes we’ve seen for other crypto companies.
To this day, mainstream banks still experience issues regarding security. It’s been a long time since any of the major exchanges have experienced any issues regarding security, which bodes well for the industry. Nonetheless, ensuring security for customers and building on current cybersecurity systems should be paramount for any crypto company.
The industry does have a history of cybersecurity breaches, so new customers are rightly concerned about the possibility of scams and the legitimacy of platforms. Prioritizing safety will go a long way with the industry still in its early years. Companies being vocal about the threat of cyberattacks and what prevention measures they are taking is a valuable marketing tool, especially in a market that is seemingly saturated with ways to buy and sell digital assets.
The mitigation of risk will be a selling point for the marketing team at BlockQuake as they approach the upcoming launch. With the cryptocurrency landscape constantly evolving, customers will be wary of this and expect some level of understanding from platforms. The use of multifaceted services to combat evolving cyber threats is a large part of the appeal BlockQuake has when claiming an emphasis on compliance.
