Coinone Strengthens Security with Advanced Compliance Monitoring System

[Asia Economy Reporter Gong Byung-sun] Coinone, a domestic cryptocurrency exchange, announced on the 14th that it is making every effort to strengthen security, including enhancing information protection capabilities and advancing its compliance monitoring system.

Coinone designates the second Wednesday of every month as "Information Protection Inspection Day." Coinone explained that this is a measure to strengthen information protection capabilities and comply with security-related laws and regulations from government agencies. All employees check and supplement the device information security level for about 10 items over the course of a week according to operational guidelines.

They also conducted simulation training. Last month, Coinone carried out a simulation training for about two weeks targeting employees to respond to security incidents. This training was implemented to help employees calmly respond to cyberattacks such as phishing emails and to raise awareness of information security.

They are also strengthening the internal control system for Anti-Money Laundering (AML). AML education and training are conducted at least once a year for all employees, and those in charge of related tasks are supported to complete advanced courses additionally.

Cha Myung-hoon, CEO of Coinone, said, “We have built strong security across all stages of the cryptocurrency exchange system,” and added, “We will continue to strengthen our internal security system and create a safe exchange where users can trade with confidence.”

This content was produced with the assistance of AI translation services.