As the first crypto firm to sign, BitGo, the leader
in digital asset security, encourages industry participants to
commit to the best practices promoted by CISA.
PALO
ALTO, Calif., July 31,
2024 /PRNewswire-PRWeb/ -- BitGo becomes the first
crypto company to sign the Cybersecurity and
Infrastructure Security Agency (CISA) Pledge to promote collective
action to enhance cybersecurity resilience across various sectors.
Signing the CISA pledge necessitates meeting the following
requirements:
- Increasing the use of multi-factor authentication (MFA).
- Decreasing the use of default passwords.
- Reducing the "prevalence of one or more vulnerability classes
across the manufacturer's products."
- Increasing the installation of security patches by
customers.
- Publishing vulnerability disclosure policies that authorize
testing by customers and provide a "clear channel" to report
vulnerabilities, as well as publicly disclose them "in line with
coordinated vulnerability disclosure best practices and
international standards."
- Reporting accurate "Common Weakness Enumeration (CWE) and
Common Platform Enumeration (CPE) fields in every Common
Vulnerabilities and Exposures (CVE) record for the manufacturer's
products."
- Increasing the "ability for customers to gather evidence of
cybersecurity intrusions affecting the manufacturer's
products."
As the leaders in this space on secure
custody solutions, we already incorporate CISA's best practices and
more. By signing the pledge, we aim to be an example for the
digital asset industry and to promote the highest security
standards across this vertical.
BitGo already goes above and beyond these security minimums and
is signing the pledge to set an example for the digital asset
industry and encourage other companies in this vertical to sign the
pledge in a commitment to enhanced security standards.
Richard Reinders, CISO at BitGo,
shared, "We applaud CISA for establishing standards for best
security practices. As the leaders in this space on secure custody
solutions, we already incorporate CISA's best practices and more.
By signing the pledge, we aim to be an example for the digital
asset industry and to promote the highest security standards across
this vertical."
BitGo has partnered with Bugcrowd to continue BitGo's bug bounty
program.
"At Bugcrowd, we are firm believers that it takes a crowd of
defenders to make our world safer, and we are are thrilled to
partner with BitGo, a global leader of the most secure and scalable
wallet solutions for the digital asset economy, as they become the
first crypto company to sign the pledge," said
Dave Gerry, CEO of Bugcrowd. "We are
honored to partner with BitGo for their bug bounty program,
leveraging our extensive network of hackers to ensure their
platforms remain secure and resilient."
Since 2013, BitGo products have been anchored in the utmost
reliable security and technology. We are committed to this mission
and continue to lead by our best practices.
Learn more about CISA.
About BitGo
BitGo is the leading infrastructure provider of digital asset
solutions, offering custody, wallets, staking, trading, financing
and settlement out of regulated cold storage. Founded in 2013,
BitGo is the first digital asset company to focus exclusively on
serving institutional clients.
BitGo is dedicated to advancing a digital financial services
economy that is borderless and accessible 24/7. With multiple Trust
companies around the world, BitGo is the preferred security and
operational backbone for more than 1,500 institutional clients in
50 countries, including many of the world's top brands,
cryptocurrency exchanges and platforms. BitGo also
secures approximately 20% of all on-chain Bitcoin
transactions by value and is the largest independent digital asset
custodian. For more information, please visit
http://www.bitgo.com.
Media Contact
Sarah Cohen, Melrose PR, (310)
260-7901, press@bitgo.com
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SOURCE BitGo