COREDAX, a premium digital asset exchange, announced that it will simultaneously introduce ISMS-P and the new login authentication technology PASSCON in order to provide the best security services to customers.
COREDAX, a premium digital asset exchange, announced that it will simultaneously introduce the information protection and personal information protection management system authentication system (ISMS-P) and the new login authentication technology PASSCON in order to provide the best security services to customers.
ISMS-P is a certification system for a comprehensive information protection management system such as administrative, technical, and physical protection measures to secure the safety of the information and communication network, and companies and organizations have a personal information protection management system and systematically and continuously perform protection work. The PIMS, which verifies and certifies it, is integrated.
Until now, a small number of exchanges, including large digital asset exchanges in Korea, have obtained ISMS certification, but it is very rare that ISMS-P certification is obtained. It is expected that ISMS-P certification will be required for digital asset exchanges in order to cope with the law on specific financial transactions, which is expected to be implemented in the future, but there are not many exchanges that are actually responding. On the other hand, Core Dax started preparing for ISMS-P steadily starting with the beta open in April, consulting in earnest in September, and a review by the Korea Internet & Security Agency (KISA) in December this year.
In addition, Coredax is known to introduce PASSCON, a new login technology, at the same time as the ISMS-P preparation. PASSCON technology is a technology developed and patented by GCOD Innovation, Inc. It is a security technology applied to IDall apps.
PASSCON technology is similar to the existing pattern, but features a simpler user experience and strong security. The pattern of PASSCON can form an infinite pattern that cannot be compared with the existing 9-point pattern. In addition, PASSCON is said to be superior in convenience and safety than any other authentication method because it provides a digital signature function like a PKI certificate by using a special authentication value and private key made from a photo file.
PASSCON technology has not yet been applied to digital asset exchanges, so this Coredax Exchange will be the first commercialization case.
Yosong Lim, CEO of Coredax, said, “We have decided to introduce PASSCON, a new login authentication technology, in order to not only prepare ISMS-P in accordance with the standards of the Special Law, but also protect customer information at a higher level, and are currently preparing for application. In the near future, Coredax will be able to provide the world’s best security services, so we can give more trust to our customers.”
Source: Blockchain Today
http://www.blockchaintoday.co.kr/news/articleView.html?idxno=13695
