Security Standard

Definition ∞ A security standard is a documented set of rules, guidelines, or specifications designed to ensure the protection of information, systems, and assets from threats. These standards prescribe best practices for secure design, implementation, and operation. In the digital asset space, they apply to smart contract development, custodial services, and blockchain protocol design. Adherence helps mitigate risks like hacking, fraud, and data breaches.
Context ∞ Security standards are continuously evolving in the digital asset industry, with news often reporting on new certifications, audits, and best practice recommendations. The adoption of robust security standards is crucial for building trust in cryptocurrency platforms and protecting user funds. Industry bodies and regulatory authorities are working to develop comprehensive standards that address the unique security challenges of blockchain technology.