Data security standards are established guidelines and requirements designed to protect information from unauthorized access, use, disclosure, disruption, modification, or destruction. These standards aim to ensure the confidentiality, integrity, and availability of data. They provide a framework for organizations to implement robust security controls. Adherence to these standards helps mitigate risks and maintain trust.
Context
In the digital asset space, stringent data security standards are critically important due to the high value and immutable nature of blockchain transactions. Exchanges, custodians, and decentralized applications must implement robust measures to protect user funds and sensitive information from cyberattacks. Compliance with evolving regulatory mandates and industry best practices is a constant focus for preventing breaches and maintaining the operational integrity of crypto platforms.
The DORA compliance deadline of January 17, 2025, mandates a systemic upgrade of ICT risk and third-party oversight across all EU financial operations.
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