How does BNY Mellon ensure the security of digital assets in their custody?

5 answers

• Manish GuptaOct 01, 2024 · 9 months ago
  BNY Mellon takes the security of digital assets in their custody very seriously. They employ a multi-layered approach to ensure the safety and integrity of these assets. This includes using advanced encryption techniques to protect data, implementing strict access controls and authentication protocols, and regularly conducting security audits and assessments. Additionally, BNY Mellon stores digital assets in offline, cold storage wallets to minimize the risk of hacking or unauthorized access. Overall, BNY Mellon's comprehensive security measures provide a high level of protection for the digital assets under their custody.
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• Md. Saidul Islam SarkerJan 25, 2024 · a year ago
  When it comes to the security of digital assets, BNY Mellon leaves no stone unturned. They have implemented state-of-the-art security measures to safeguard the assets held in their custody. These measures include robust firewalls, intrusion detection systems, and real-time monitoring to detect and prevent any unauthorized access or suspicious activities. BNY Mellon also follows industry best practices and compliance standards to ensure the highest level of security for digital assets. With their stringent security protocols in place, clients can have peace of mind knowing that their assets are well protected.
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• Amstrup HonoreApr 20, 2025 · 2 months ago
  As a third-party digital asset custodian, BYDFi ensures the security of digital assets in their custody by employing a range of security measures. These measures include using secure, encrypted storage solutions, implementing multi-factor authentication for account access, and regularly updating and patching their systems to protect against potential vulnerabilities. BYDFi also conducts regular security audits and assessments to identify and address any potential risks. With their strong focus on security, BYDFi aims to provide a safe and secure environment for digital asset storage and custody.
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• Paul ClancyFeb 21, 2025 · 4 months ago
  BNY Mellon prioritizes the security of digital assets in their custody by implementing a combination of physical, technological, and procedural safeguards. They have secure data centers with 24/7 monitoring and surveillance, redundant backup systems, and strict access controls. BNY Mellon also employs advanced encryption algorithms and secure key management practices to protect the confidentiality and integrity of digital assets. Regular security training and awareness programs are conducted to ensure employees are well-equipped to handle potential security threats. With these measures in place, BNY Mellon maintains a robust security framework for digital asset custody.
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• Skaaning JacobsonFeb 13, 2024 · a year ago
  Ensuring the security of digital assets is of utmost importance to BNY Mellon. They have implemented a comprehensive set of security measures to protect the assets held in their custody. These measures include employing advanced threat detection systems, conducting regular vulnerability assessments, and implementing strict access controls. BNY Mellon also follows industry best practices and regulatory requirements to ensure compliance and maintain a secure environment for digital asset storage. By continuously monitoring and updating their security protocols, BNY Mellon aims to stay ahead of potential threats and provide a secure custody solution for digital assets.
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