Humbly, Coinstore Exchange would like to share, that we are now ranked 31st in CER.live on 12 July. CER.live is a cyber security ranking and certification platform for cryptocurrency exchanges.
About CER (Cybersecurity Ranking and CERtification Platform)
CER was founded in 2018, it has audited more than 270 cryptocurrency exchanges and conducted dozens of complex security assessments on well-known exchanges. CER keeps a close eye on the latest trends and monitors to understand why and how hacking incidents happen to predict and prevent future attacks.
At CER, all security reviews and assessments are carried out according to a unique and continuously improving methodology, which consists of more than 18 indicators. Based on best practices in cybersecurity protection, conducted by highly skilled researchers and teams of white hackers.
In July 2020, cybersecurity data provided by the CER.live platform became a part of CoinGecko’s TrustScore.
How the score is calculated at CER?
Step1: points system
CER evaluates various aspects of project safety according to a rating system and scores performance based on a minimum score of 0 and a maximum of 10.
Step2: Scoring weights
Multiply the result received by step1 with the scoring system, and the specific weights are as follows.
Step3: Score calculation
Convert the sum of scored points to the rating.
Step4: Certification
CER certification is given to crypto exchanges that have been assessed by specialists according to 3 main criteria: penetration test, proof of funds, and bug bounty.
Penetration Test: Penetration testing or Pentest is an authorized imitation of external attacks on information systems and applications (desktop, web, and mobile) of the company with the purpose to find vulnerabilities and analyze the level of technical security. The result is a multilayered report containing an analysis of the actual security of the business against external attacks and practical recommendations to limit threats and eliminate vulnerabilities.
Proof of funds: A crypto exchange gets a tick if the balance on hot and cold wallets is >$1M in ETH and BTC.
Bug bounty: A self-hosted bug bounty program may be evaluated as third-party managed if the platform provides a review by a reputable third-party auditor.
Step5: Calculate a final rating
Content by:
Yogge / Coinstore Crypto Enthusiast
Any comments, tips, or projects to share with us? Just drop Sook an email at yogge.yang@coinstore.com. Look forward to hearing more from you guys.
About Coinstore.com
Coinstore.com was founded in Singapore in 2020, Its 180 employees worldwide are distributed in Singapore, China, India, Brazil, Indonesia, and other countries, serving more than 800,000 registered users in 175 countries. Coinstore.com provides global users with quick and smooth cryptocurrency trading services, derivatives business, OTC services, and NFT services.
Coinstore.com, as the world’s leading provider of financial infrastructure and technology in the field of the crypto economy, aims to become the “next Coinbase” in Asia, Latin America, and Africa.
Coinstore.com Email Contact:
Song Yuchen, Marketing Director
Bommi Hua, Assistant Marketing Head
Jennifer Lu, CO-FOUNDER
Coinstore.com Social Media:
Twitter: https://twitter.com/coinstore_en
Telegram Discussion Group：https://t.me/coinstore_english
Facebook: https://www.facebook.com/coinstore.en/
Website: https://www.coinstore.com
Discord: https://discord.gg/KKHtHa4KPX
Instagram: https://instagram.com/coinstore_exchange
Youtube: https://www.youtube.com/channel/UCKFf9vC3EJE36p7u9pJBTPg
