According to the press release, which was shared with iHodl, UK-based cryptocurrency exchange CEX.IO has received PCI DSS Level 1 certification after an annual audit.
The Payment Card Industry Data Security Standard (PCI DSS) is an information security standard for organizations that handle credit card data. It includes measures to prevent and detect data breaches as well as steps to take in case a breach has occurred.
CEX.IO CEO, Oleksandr Lutskevych, claims the exchange conducts audits of different standards on a regular basis.
"In December 2018, we passed an independent audit as one statutory requirement of effective Bank Secrecy Act/Anti-Money Laundering (BSA/AML), including evaluation of internal policies and procedures. And now, due to the card payment audit results, we possess a PCI DSS Level 1 certificate, which gives our customers assurance that their data is protected in accordance with the highest standards," he added.