Remediation Programs

Definition ∞ Remediation programs are structured initiatives designed to correct past regulatory non-compliance, address security vulnerabilities, or compensate affected parties following a breach or misconduct. These programs typically involve a series of steps to rectify issues, prevent recurrence, and restore trust. They are often mandated by regulatory bodies or legal settlements.
Context ∞ In the crypto industry, remediation programs are becoming more common as regulatory scrutiny increases, particularly after security incidents or instances of market manipulation. News often reports on companies implementing such programs to address regulatory findings or improve their operational security. Effective remediation is vital for rebuilding reputation and ensuring long-term operational viability in a regulated environment.