How does BNY Mellon ensure the security of crypto assets in custody?

7 answers

• BestSolutionsfinderJul 12, 2022 · 3 years ago
  BNY Mellon takes several measures to ensure the security of crypto assets held in custody. First, they employ a multi-layered security system that includes physical, network, and data security measures. This includes 24/7 surveillance, access controls, and encryption protocols to protect against unauthorized access and data breaches. Additionally, BNY Mellon uses cold storage solutions to store the majority of crypto assets offline, reducing the risk of online attacks. They also conduct regular audits and assessments to identify and address any potential vulnerabilities in their security infrastructure. Overall, BNY Mellon prioritizes the protection of crypto assets and invests in robust security measures to safeguard them.
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• Joseph WinnerMay 02, 2021 · 5 years ago
  When it comes to securing crypto assets in custody, BNY Mellon doesn't mess around. They have a comprehensive security framework in place that covers all aspects of asset protection. From physical security measures like armed guards and surveillance cameras to advanced network security protocols, they leave no stone unturned. BNY Mellon also employs a team of cybersecurity experts who constantly monitor and update their security systems to stay ahead of potential threats. They understand the importance of keeping crypto assets safe and take every precaution necessary to ensure their security.
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• aravindh aravindhkallaMar 22, 2023 · 3 years ago
  As an expert in the field, I can confidently say that BNY Mellon is one of the most trusted custodians for crypto assets. Their security measures are top-notch and they leave no room for compromise. With a combination of physical security, advanced encryption protocols, and regular audits, BNY Mellon ensures that crypto assets held in custody are protected from any potential threats. They understand the value of these assets and take their responsibility to safeguard them very seriously. If you're looking for a secure custodian for your crypto assets, BNY Mellon is definitely a top choice.
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• Emery SomervilleDec 17, 2022 · 3 years ago
  At BYDFi, we understand the importance of security when it comes to crypto assets in custody. That's why we have partnered with BNY Mellon, a trusted custodian with a proven track record in asset protection. BNY Mellon employs state-of-the-art security measures, including physical security, network security, and data encryption, to ensure the safety of crypto assets held in custody. With their expertise and commitment to security, we can confidently say that our users' assets are in good hands.
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• Swan Htet AungOct 31, 2021 · 4 years ago
  When it comes to the security of crypto assets in custody, BNY Mellon stands out from the crowd. Their robust security measures include physical security controls, such as secure facilities and access controls, as well as advanced network security protocols to protect against cyber threats. They also employ encryption techniques to secure data and conduct regular audits to ensure compliance with industry standards. BNY Mellon's commitment to security is evident in their investment in cutting-edge technology and their dedication to protecting the assets entrusted to their custody.
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• Abhinav YadavSep 05, 2022 · 3 years ago
  BNY Mellon takes the security of crypto assets in custody very seriously. They have implemented a range of measures to protect against potential threats, including physical security controls, network security protocols, and encryption techniques. By employing a multi-layered security approach, BNY Mellon ensures that crypto assets are safeguarded from unauthorized access and potential cyber attacks. Their commitment to security is unwavering, making them a trusted choice for those seeking a secure custodian for their crypto assets.
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• sohanDec 22, 2024 · 10 months ago
  When it comes to the security of crypto assets in custody, BNY Mellon has got it covered. They have implemented a comprehensive security framework that includes physical security measures, such as secure storage facilities and access controls, as well as advanced network security protocols to protect against cyber threats. Additionally, BNY Mellon employs encryption techniques to secure data and conducts regular audits to ensure the integrity of their security infrastructure. With their robust security measures in place, BNY Mellon provides peace of mind to those who entrust their crypto assets to their custody.
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