Prosegur Launches Crypto Custody Arm: Prosegur Crypto
Prosegur, which has been a leader in the international security industry for more than 40 years, operating in more than 26 countries, is launching the most secure and advanced crypto asset custody solution for the institutional market: Prosegur Crypto.
The Company is the first major security firm to provide a full range of services for the safekeeping of digital assets.
The enterprise aims to bring its cybersecurity expertise to the world of cryptocurrencies by launching Crypto Bunker, a multi-layered in-depth defense mechanism that protects client funds from both digital and physical manipulation methods.
Prosegur Crypto Created the Krypto Bunker
The Krypto Bunker is over two unreachable environments: The cold storage and the cold space. This full Inaccessibility approach incorporates more than 100 protection measures in six integrated security layers.
The custody mechanism’s core is a completely offline storage and transaction signing process that uses an air-gapped Hardware Security Module (HSM) to store the private keys.
The HSM can be used with any of the most important cryptocurrencies on the market, including Bitcoin, Ethereum, XRP, and Litecoin, without any restrictions. Moreover, is able to include any other kind of crypto asset without any kind of limits, but moving those funds without internet connection.
Thanks to a proprietary encryption model, Prosegur Crypto is the only digital asset custody platform that never connects to the Internet. Our solution is a one-of-a-kind model in the world because it combines this encryption with our physical security protocols.
Great Solutions for Crypto Security
A secure Multi-Party Computation (MPC) system ensures that there is no single point of failure when moving funds transactions by distributing private key shares to up to 15 co-signers.
This multi-step authentication process gains secure OTP solutions, password, biometric data, and geolocation with an IP address. Prosegur Crypto has a partnership to provide crypto security solution with GK8, a leading company that offers services on digital assets with 100% protection against cyberattacks.
All transactions are generated offline and signed using a unique encryption system, rendering them inaccessible to potential attackers. Information is conducted to the blockchain through a multi-computer outbounding system, which endorses that the encryption is correct.
As a result, all critical points of any transaction are made with Prosegur Crypto’s cold storage, which prevents any manipulation or alteration.
Prosegur designed a mobile app-based remote management model to make access and transactions easier for our customers while maintaining the highest levels of control and security.
All employees have periodic criminal background biometrical checks and separate tiers of management access to ensure that no employee can manipulate the system.
Therefore, the internal communication is safe from any advanced external cyber-attack by using DDOS assaults.
The physical defense mechanism is the result of Prosegur’s decades of experience in securing $400 billion in assets under custody.
New Markets for Prosegur
Prosegur is a market leader in physical and cyber security products, offering a variety of security services across multiple branches, including home security and cash-in-transit protection.
Raimundo Castilla, CEO of Prosegur Crypto, said,
“We’re now ready to unveil our revolutionary crypto custody solution, probably the most advanced and comprehensive on the market.”
For any company, which came along the Crypto market, Prosegur is the a safe place to store their crypto assets. Prosegur Crypto offers the highest level of insurance, providing complete protection in the event of private key loss or theft.
More About The Prosegur Crypto Advantage
Prosegur Crypto is the crypto custody arm of Prosegur, which was founded in 1976 as a multi-disciplinary security firm.
Its Crypto Bunker, a security platform based on the concept of 360-degree inaccessibility, combines advanced one-way HSM modules and MPC-based key derivation with armored vaults and strict, bank-level internal security practices to ensure that customer crypto funds are fully protected.
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Text source: Blockonomi
