Binance Receives Cyber Security Professional Award from Hong Kong Authorities
Binance Receives Cyber Security Professional Award from Hong Kong Authorities
The Hong Kong government diagnosed Binance, a illustrious cryptocurrency change, with the Cyber Security Professional Merit Award, highlighting its efforts to safeguard users in the dynamic Web3 landscape.
The crypto change bought the award below the banking and finance class. Thus, it grew to modified into the totally Web3 firm to receive such an award from Hong Kong authorities in 2024.
Binance taking part with Hong Kong Police Force on Crypto Crime Prevention
#Binance is honoured to possess bought the Cyber Security Professional Award from the Hong Kong Authorities.
This award is a testomony to our unwavering dedication and efforts to make certain the safety of our users in the evolving Web3 set apart.
Be taught more ⤵️https://t.co/HZHOrnax5W
— Binance (@binance) March 6, 2024
As the change introduced on March 6, Binance became as soon as honored with the Merit Award for its collaboration with the Hong Kong Police Force (HKPF) in combating digital asset crimes. As the only real real Web3 recipient, Binance’s recognition highlights its dedication to cybersecurity at some point soon of the finance and banking sectors.
The Cyber Security Professional Awards were presented collectively by HKPF, GovCERT.HK, and HKCERT to celebrate excellence in cybersecurity at some point soon of various domains. Since its inception in 2016, these awards possess diagnosed Hong Kong cybersecurity professionals for his or her distinctive contributions.
Binance has been on the forefront of investigating and combating digital asset-connected crimes, because it has been helping law enforcement in the country. In February, Binance collaborated with the Hong Kong Police Force (HKPF) to wrestle cybercrime in the metropolis. Binance participated in and supported a Digital Asset Investigation Route (VAIC) organized by the Cyber Security and Skills Crime Bureau (CSTCB) of the HKPF. The goal of the 5-day practicing program became as soon as to beef up law enforcement efforts in addressing the rising challenges of cybercrime, in particular those intriguing cryptocurrencies, in Hong Kong.
The different committee counseled Binance for its partnership with the local police power and its proactive device to addressing digital asset crimes. Binance’s collaboration and recordsdata-sharing initiatives possess played a extraordinarily principal fair in empowering law enforcement to handle emerging cyber threats effectively.
A spokesperson from the Hong Kong Police Force emphasised the importance of collective motion by agencies in combating digital crime patterns. Recognizing Binance’s pivotal fair in cybersecurity, the spokesperson underscored the significance of collaboration in safeguarding our on-line world and user pursuits.
Expressing gratitude for the Cyber Security Professional Award, Binance Investigations Manager Carlos Mak highlighted the company’s dedication to enhancing security in Web3 networks and combating cryptocurrency fraud.
Binance’s Commitment to Combating Crypto Crime and Improving Particular person Safety
In February, Binance hosted a half of-day digital session appealing over 30 officers from INTERPOL, obsessed with a truly powerful topics connected to cryptocurrency investigations and cyber policing in the mercurial evolving Web3 set apart. Binance equipped insights into perfect strategies and tactics for combating cyber threats.
Moreover, in 2023, the change’s if fact be told educated groups organized and delivered over 120 seminars, workshops, and practicing classes. Binance asserts that it targets to empower investigators with a comprehensive working out of the crypto set apart and equip them with the very best expertise a truly powerful to handle crypto-connected threats.
Binance areas a stable emphasis on user security and has developed undoubtedly one of primarily the most tough monetary crime compliance departments in the cryptocurrency industry. Thru collaborations with law enforcement companies worldwide, Binance has been instrumental in combating digital asset crimes and resolving principal international cases.
In an illustration of its dedication to user security, Binance has established undoubtedly one of primarily the most tough monetary crime compliance departments at some point soon of the industry. This platform has played a extraordinarily principal fair in taking part with law enforcement companies globally to handle digital asset crimes, leading to the resolution of various principal international cases.
The collaborative system undertaken by Binance has yielded certain outcomes for the digital asset set apart, seriously enhancing its security quotient. In retaining with the findings of the 2024 Crypto Crime Document by Chainalysis, there became as soon as a prime decrease in the designate of digital sources directed towards illicit addresses. This decline serves as a tangible indicator of the reduction in cryptocurrency fraud cases.
Moreover, the document highlights a diminishing growth in illegal cryptocurrency transactions attributable to the continuous efforts directed towards fraud prevention and bolstered security features.
Source : cryptonews.com
