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Madrid, Spain, 9 September 2021, Available here.
Prosegur, a publicly traded company providing advanced physical and cyber security services, is launching the Prosegur Crypto arm to offer a robust professional crypto custodial solution.
The company aims to bring its decades of cybersecurity expertise to the crypto world by launching Crypto Bunker©, an in-depth, multi-layered defense mechanism that protects client funds from digital and physical manipulation methods.
Crypto Bunker is based on the “360° No Access Approach” that includes more than 100 protection measures in 6 integrated security layers from two inaccessible environments: cold storage and cold space.
The core of the custodian mechanism is a 100% internet-based transaction storage and signing process, which uses a Hardware Security Module (HSM) to hold private keys. With a unique outbound network interface only, HSM can be used to transfer funds from the wallet without an internet connection. To sign wallet-specific transactions, the Multilateral Compute (MPC) system distributes private key shares to up to 15 shared sites, ensuring there is no single point of failure. Finally, user authentication combines secure OTP solutions, passwords, bio-data, and geolocation with an IP whitelisting process, resulting in a secure, multi-step authentication process. The system is offered in partnership with GK8, a leading provider of cryptographic security solutions.
In terms of physical security, Prosegur Crypto facilities feature 24/7 monitoring, armored storage, and established protocols to prevent physical extortion and theft, both by outsiders and insiders. Facility personnel undergo periodic criminal and credit checks, as well as biometric checks and separate levels of management access to ensure that no employee can tamper with the system. Finally, internal communications systems are secured by all kinds of advanced cyber threats, including DDOS attacks and corporate network system intrusion, with certificates from all relevant certificates.
The physical defense mechanism is the result of decades of experience gained by Prosegur, which secures $400 billion in assets under custody. Prosegur offers many types of security services spread across various branches, including home security and cash-in-transit protection, and is a market leader in physical and cyber security products.
“We are now ready to unveil our revolutionary custody solution, which is perhaps the most advanced and comprehensive on the market,” said Raimundo Castilla, CEO of Prosegur Crypto. “The combination of bank-grade physical security and new generation cold storage technology means Prosegur Crypto is the most secure place to store crypto assets for organizations, businesses, and any other entity that requires secure cold storage. With security, trying to reinvent the wheel is never worth it, and usually Anyone who goes through this process ends up providing their own security services due to the knowledge and massive investment required. By using the services of certified experts, companies can feel safe with significant resource savings.”
About Prosegur تشفير Encoder
Encoder Prosegor It is the encryption arm of Prosegor, a multidisciplinary security company founded in 1976. Crypto Bunker, a security platform based on the idea of 360 degree inaccessibility, combines advanced one-way HSM and MPC-based key derivation with armored vaults and stringent bank-grade internal security Practices to ensure complete protection of crypto-client funds.
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