Digital Asset Exchange APROBIT has obtained the Information Protection Management System (ISMS) certificate from the Korea Internet & Security Agency (KISA) on December 29.
APROBIT is the seventh exchange to acquire the certificate for meeting the entire range of ISMS criteria, and the eleventh exchange when excluding the KRW and physical infrastructure criteria.
There are multiple levels of ISMS certification. Some exchanges have been evaluated under the scope of “Without KRW market and physical infrastructure,” but APROBIT acquired certification for the entire range of exchange operations by establishing a reliable security system.
From the start, APROBIT formed a separate TF team to prepare for the ISMS certification beyond the standard requirements. Furthermore, they built their trading system upon robust technologies such as the AWS Cloud Computing Platform to ensure the highest level of security. The company has also taken additional steps to protect customer assets and personal information assets, such as acquiring personal information liability coverage with Samsung Fire Insurance.
In Korea, there are three major requirements for virtual assets exchanges to operate as a business: International Money Laundering Prevention (AML), Information Security Management System (ISMS), and Real Name Account in Financial institute. ISMS is the core element for the basic requirements of the Specific Financial Information Act (Special Law) that will be enforced beginning March 2021.
“APROBIT has been operating without major security or legal incidents since its pre-launch,” said Kim Bung-jun, chief executive officer of APROBIT. “We will build a level of security and operation corresponding to those in the financial sector so that we can acquire the real name account and the virtual asset exchange permits.”