Crypto.com, a well-known crypto exchange that has more than 100M users worldwide, has announced a new upgrade. As per Crypto.com, it has made a landmark achievement by becoming the earliest crypto entity to upgrade the existing Payment Card Industry Data Security Standard 3.2.1 to the exclusive v4.0 certification. The platform announced this development on its official X account.
This certification is awarded by PCI Security Standards Council (PCI SSC), headquaretered in Wakefield, Massachusetts, United States.
Crypto.com Carries out the Upgrade of PCI DSS to Ensure Security
According to Crypto.com, the upgrade of PCI DSS signifies the company’s commitment to applying resilient security. It also permits it to maintain strict standards for data privacy. Jason Lau, Crypto.com’s Chief Information Security Officer, also commented on this development. The executive added that this development further advances the platform’s pursuit of data privacy as well as security. The executive noted that initiatives like this guarantee that the users can rely upon the platform’s products with confidence.
PCI DSS v4.0’s development emerges after several factors. A chief reason behind this is the requirement to keep improving standards to address the payment industry’s growing security requirements. The development also emphasizes consistent security measures and refines validation methods. It also delivers more adaptability and flexibility for security.
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PCI DSS v4.0 reportedly retains the main twelve security requirements however adapts to the developing threat landscape. In this respect, it integrates the latest technologies into its agenda. PCI DSS v4.0 certification’s industry deadline is set for 2025’s March. Crypto.com has reportedly taken preemptive measures to stand among the earliest entities in the crypto sector to achieve this standard.
The Move Denotes the Company’s Pledge to Compliance and Security, Says CEO
Kris Marszalek, Crypto.com’s chief executive officer, expressed excitement about the new certification. He labeled it as evidence of the company’s firm commitment to compliance and security. He added that the platform will continue its aggressive investment in the development of a top-trusted forum for consumers. As per him, it will maintain the peak standards in the case of privacy and security.
The move of the PCI DSS v4.0’s certification strengthens Crypto.com’s status as a popular platform providing services related to virtual assets. In line with its vision, the platform targets bringing crypto to every wallet while prioritizing compliance, privacy, and security.