Proof is paramount for cybersecurity. At Kraken, proof of security essentially means “don’t trust but verify”. This mindset ensures that the work associated with growing and improving our exchange can continue unhindered while protecting you 24/7.
Kraken invests heavily in our cybersecurity program to protect your funds, NFTs, and privacy. Don’t just trust us. Check us out by checking out the ISO27001 certificate we received from SGS, an independent and trusted certification body based in Switzerland.
“Security First” isn’t just a slogan – it’s a fundamental part of our mission to give people new ways to connect and transact. Protecting your funds, your NFTs and your privacy will always be our number one goal. If we hadn’t invested in the rigorous standards for which we have become known to keep them safe, we would never be able to execute our mission.
With that in mind, let’s explore how Kraken keeps your funds and private information safe.
Kraken’s approach to security
These are several key areas that Kraken’s security team focuses on to make sure you’re safe. We apply these best practices while maintaining the confidentiality of your personal information.
We have always encouraged our customers to self-custody of their funds in order to keep their crypto safe. That said, we constantly obsess over the most advanced ways to protect funds when you choose to hold them on our exchange. Entities that hold a large amount of crypto are a prime target for attackers, so we work hard to constantly stay one step ahead of their scams, exploits, and attacks.
We mainly use advanced cold storage and hot wallet solutions to secure your funds. In addition to requiring multiple parties across multiple teams to perform cryptographic approvals to move funds, our cryptographic infrastructure resides in secure cages under 24/7 surveillance by armed guards, alarm systems, and monitors. video.
But asset security is only the first step in maintaining your crypto.
Does your workplace employ a team of people whose sole task is to hack you and your colleagues? We do.
At Kraken, we never rest when it comes to assessing threats. Instead, we constantly scan for vulnerabilities in our infrastructure and applications. This allows us to spot them before an attacker has a chance to use them.
But we don’t stop there. We offer a bug bounty program to leverage the security expertise of the broader security research community to ensure we always stay one step ahead of potential exploits.
We have long believed that every Kraken customer should have the tools they need to keep their funds and information safe. That’s why we offer a robust set of security features that customers can use to protect themselves, their crypto, and their information from attackers.
Customers can secure their account using several tools, including:
- Robust device and session management tools
- Two-factor authentication based on FIDO2
- A global settings lock to ensure that no changes can be made to their account, including their crypto withdrawal addresses
We also use security controls like AI-based activity analysis to better detect compromised accounts.
Security is not just about protecting the crypto we hold. The personally identifiable information we maintain is equally valuable. Attackers are just as eager to have your personal data as your private keys.
At Kraken, we use the latest standards to encrypt all sensitive account information at the system and data level. This means that your credentials are always hidden behind a powerful layer of security. After encrypting your information, we follow a robust set of security procedures and controls that have earned us a ISO 27001 certificate.
Productive paranoid mindset
As a company on a mission to give people new ways to connect and transact, every Krakenite has a role to play in keeping our customers’ information safe while we accomplish that mission. That’s why we’ve built an internal culture that checks before we trust. We are constantly educating ourselves about the potential risks we face that can compromise the financial freedom of our clients. We challenge ourselves to do our best to maintain the highest standards for our customers and each other.
Our mission extends beyond Kraken and into the broader crypto ecosystem of different products and services. That’s why we developed the Kraken Safety Labs to help identify, publicize, and resolve issues with third-party products and services. We believe we have a responsibility to not only improve our own security posture, but that of the entire crypto community.
How does our security impact you?
Kraken’s security impacts you by ensuring that you are always able to access what is rightfully yours – your funds, tokens, NFTs and personal information. You trust us to protect them and we work hard to make sure we’re always one step ahead of the attackers.
Need more proof?
Head to Kraken Security Page to see how we help protect you at every step of your crypto journey.