Australian-based exchange CoinSpot awarded the internationally recognised ISO 27001 certification for information security.

In order to achieve the ISO 27001 standard as mandated by the International Organisation for Standardisation, CoinSpot was required to complete an external audit undertaken by SCI Qual International (an accredited JAS-ANZ certification body).

SCI Qual conducted an in-depth investigation into the exchange’s Information Security Management processes and practices. This includes processes relating to the management of; digital asset storage, information relating to employees, contractors, suppliers, clients, products, processes, and intellectual property. These stringent policies are designed to eliminate unauthorised access, use, destruction, modification or closure of the organisations information management systems.

With the industry now trading over 15 billion dollars and participation growing to more than one million Australians, CoinSpot has been an integral part of the evolving landscape of cryptocurrency in Australia. This includes supporting; AML regulation development, maturing of taxation laws, stabilising banking relationships and now forging ahead as the first Australian exchange to receive the ISO 27001 certification.

This certification combined with; industry best practice security features, stringent offline storage practices, and customisable account level security reinforces customer security as a primary focus in CoinSpot’s product development.