Digital Asset Service Provider Fireblocks To Receive CCSS Certification

The. Cryptocurrency Security Standard (CCSS), a groundbreaking certification created as a security standard for cryptocurrency wallets and custody by the Cryptocurrency Certification Consortium (C4), has been awarded to Fireblocks.

After arduous assessments of Fireblocks’ hot and cold wallet creation, key generation, secure transfer environment, authorization workflows, and in-depth reviews of the systems supplying crypto functionalities over several weeks, the certification was granted.

The certification was developed especially for the crypto company, focusing on storage and usage within an enterprise and enhancing conventional information security measures.

Marc Krisjanous, the CCSS auditor who led the exam, said:

“An in-depth and rigorous audit was conducted of Fireblocks’ people, processes, and technology components for compliance with the CCSS and found that Fireblocks went above and beyond the CCSS Level 3 requirements. Confide is excited to confirm that Fireblocks met all CCSS Level 3 requirements and is the first system to become certified against the CCSS in the world.”

The highest certification available for Fireblocks and the one most appropriate for businesses is level three. According to accounting company Deloitte, attaining the level three requirement requires several actors for all-critical operations, advanced authentication mechanisms are applied to assure the authenticity of data, and assets are distributed geographically and organizationally.

The CCSS, which was introduced by C4 in 2014, has become the gold standard for any platform that manages crypto wallets as part of its business logic. According to Deloitte, the CCSS is designed to augment standard information security practices and complement existing standards such as SOC2 Type II, ISO 27001, ISO 27017, and ISO 27018 – all of which have been awarded to Fireblocks.

Oded Blatman, CIO & CISO at Fireblocks, remarked:

“We’re proud to be the first service provider to achieve the CCSS Level 3, which is now widely recognized by the industry as the only standard that certifies for crypto security. As digital assets expand beyond crypto natives into traditional, regulated industries, Fireblocks is continuously looking to improve and maintain our security standards. C4’s recognition validates our continued commitment to providing the best and most secure platform to support the growth and innovation of the digital asset industry.”

Using a patent-pending multi-layer security method, Fireblocks claims to be the only platform that eliminates a single point of failure and insulates digital assets from cyberattacks, internal collusion, and human mistake.

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