The leading global crypto exchange, Currency.com confirmed yesterday that it was targeted in a failed denial of service (DDoS) cyber attack.
As its official blog reveals, the attempted cyber-attack took place on the same day as Currency.com halted operations for residents of Russia.
Currency.com took immediate action, making sure its cyber security remains intact. The firm thus notified officials and directed the company’s network of IT professionals and third-party experts to handle the dire situation. Fortunately, the company servers, its backup servers remained unaffected, and are actively working.
It is noteworthy that the firm’s servers are installed in an ultra-safe locked private cage maintained by LD4 Equinix which is one of the world’s leading professional data centres.
These servers are further protected by armed guards and video surveillance. LD4 Equinix is used by renowned crypto exchanges including the Dow Jones, Nasdaq, and the London and Frankfurt stock exchanges.
Viktor Prokopenya, founder of the firm commented, “Currency.com has identified security as a big concern for investors when choosing a trading platform. We are a global business whose executives have years of experience in creating transparent, secure and powerful trading systems.”
Pointing out to Currency.com’s robust security measures, he further said that the firm was able to thwart the attempted DDoS attack. As a result, the servers, systems and client data remained safe and uncompromised.
The crypto exchange offers the most robust user-account security by implementing the strongest two-factor authentication (2FA) in all features like login, deposits, trading and also the API key functions.
In case clients lose access to their account, they can make use of a separate 2FA channel (known as Master Key). It is mandatory to secure client accounts, with full security event activity logging, and whitelisting of devices and IP addresses.
Payments are made safe thanks to the highest level of PCI-DSS compliance.
Lastly, it is informed that the company will further test and improve its systems to help maintain its robustness and resistance to potential cyber-attacks.
Condemning the war in Ukraine, Currency.com claims it has donated over $1 million for humanitarian causes in Ukraine.
