Norma launches a security solution for cryptocurrency exchange to ensure secure financial transactions
Published: October 30th, 2018
Wireless network security solution company, Norma (CEO: Hyun-chul Jung) launches a security solution for securing cryptocurrency transactions based on its own technologies to expand business into blockchain security field.
Norma’s new blockchain security module is designed to support secure transactions for cryptocurrency, which have recently increased hacking threats’ issues. Especially, as the trend of cryptocurrency financial transaction using IoT devices spreads worldwide, security becomes more important. Since 2011, Norma has been developing and servicing wireless network and IoT security technologies and is actively notifying these threats through several hacking demonstrations as a security company.
Go one step further, Norma launches a financial transaction security solution by expanding its business scope to cryptocurrency security field and utilizing its own technologies, know-how, and database (DB). Now, Norma is able to provide more sophisticated and powerful solutions by not only utilizing its own technologies, but also cooperating with domestic and overseas excellent security companies (institutions). In addition, it is discussing the signing of MOU agreement with Korean No.1 cryptocurrency exchange to install security module in cryptocurrency wallet.
Key features of Norma’s cryptocurrency security solution include: network scanning, device scanning (preventing rooting), secure remittance services based on a threat list database.
Even with security- enhanced financial services, there is a limit to preventing hacking threats from vulnerabilities in the public network or the device itself before reaching the transaction system.
In consideration of it, Norma planned an integrated security module that comprehensively secures all phases of financial transactions including networks, devices, applications, etc. Also, technologies that are specialized for preventing hacking and fraud in the process of transferring through generalizing DB of fake wallet address or malicious site information will be introduced.
If Norma’s cryptocurrency security solution is applied to exchanges and cryptocurrency wallets, users will more securely trade and manage cryptocurrency. Furthermore, security issues that have been pointed out as the biggest problems will be resolved and it means Norma’s position on this field would be strengthened.
Norma is planning to start cryptocurrency security solution, expand its business scope to blockchain security field and contribute to the healthy development of the cryptocurrency ecosystem.
Mr. Hyun-chul Jung, CEO of Norma said, “As a wireless network and IoT security company, Norma expands its business to solve blockchain security problem by developing a security solution for cryptocurrency transaction as the first business”. He also said, “I am proud to present even more secured cryptocurrency security solution that has never been seen before by co-developing with global security groups and applying it to main cryptocurrency transaction systems.
URL : http://www.etnews.com/20181026000326