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After the announcement of CoinGecko incorporating Hacken’s CyberSecurity Score into their trust score, CER has officially established our place as the de-facto cybersecurity standard for the crypto exchanges. Tying in with the fact that crypto exchanges have substantial monetary holdings, their ability to maintain a secure operational environment then becomes a very important evaluation criteria. Currently, 20% of the CoinGecko Trust Score weightage belongs to cybersecurity metrics provided by CER.live platform.
After the careful evaluation of cybersecurity criteria and discussing it with various companies in the industry, we understood that bug bounty programs and penetration tests are underrated. Penetration testing examines the real-world effectiveness of existing security controls when a skilled human actively tries to hack in. While automated testing can identify some cybersecurity issues, true penetration testing considers the business’s vulnerability to manual attacks too. After all, bad actors aren’t going to stop their attacks just because the standard automated test doesn’t identify a vulnerability.
Regular penetration testing can determine infrastructure, software, physical, and even personal weaknesses and help your business develop strong controls.
For much the same reason you go to a healthcare provider for an annual wellness check, it makes sense to turn to highly trained security consultants to carry out your security testing. While you might think you’re perfectly healthy, a doctor can run tests to detect dangers you may not even be aware of yet.
We have decided to increase the weightage of a penetration test and bug bounty to 50% of the total score in the CER cybersecurity rating. We believe the increased weightage of these security solutions will increase the overall cybersecurity level of all exchanges. In Hacken, we strongly advise all exchanges to conclude penetration tests or launch a public bug bounty on any trusted platform.
Updated TOP10 exchanges by cybersecurity rating!
Recently the biggest independent crypto aggregator Coingecko has launched a public bug bounty program on HackenProof platform. More details on this notable case are here.
Visit CER.live to check if your favorite exchange is secure!
We proudly announce our partnership with Cointelegraph Acceleration, an accelerator program for innovative Web3 startups powered by the largest crypto media outlet. This collaboration positions Hacken as the technical due diligence partner for Cointelegraph Accelerator. Key Details According to Cointelegraph’s statement, Hacken will assess the security of accelerator applicants, advancing only the most secure projects.
At Hacken, we are dedicated to continually enhancing our services to better support our clients and the Web3 community. Today, we are ready to announce a significant change: Hacken will no longer use Security Scores (0-10) in our audits and other services. With this change, we want our clients and the broader Web3 community to
Today marks a significant milestone for Extractor’s Protection Mechanism release as we transition from the “Coming soon” stage to “Released.” This update introduces a robust suite of Smart Contract Actions aimed at enhancing security and safeguarding user assets. Hacken Extractor Security Stack Recent Updates 2024 has already proven to be one of the most productive
