Hedera Becomes Founding Member of Crypto ISAC for Enhanced Trust and Security

• Hedera joins Crypto ISAC to enhance trust and drive the adoption of blockchain technologies through a secure environment.

• Crypto ISAC aims to establish a trusted environment, enhance information dissemination, and ensure resilience against security threats.

Hedera has integrated with the Crypto Information Sharing and Analysis Center (ISAC). This nonprofit association is dedicated to enhancing security across the crypto ecosystem. Some of the members of ISAC include, Aleo, Circle, Coinbase, Consensys, Evertas, Fireblocks, Kraken, Offchain Labs among others.

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We are excited to announce that the #Hedera network has joined the @Crypto_ISAC (Information Sharing and Analysis Center) – a new association aimed at advancing security initiatives, enhancing trust, and driving adoption – as a founding member alongside industry leaders in #web3.… pic.twitter.com/guNTtSnbRI

— Hedera (@hedera) May 29, 2024

Crypto ISAC is an association dedicated to advancing security initiatives, sharing vital information about security threats, addressing vulnerabilities, and disseminating best practices for risk mitigation.

It is worth noting that Hedera has consistently emphasized cybersecurity, ensuring the protection of its network against potential threats. By participating in this initiative, Hedera aims to foster a secure environment for decentralized applications and transactions.

Hedera’s involvement in Crypto ISAC aligns with its commitment to enhancing security efforts across the crypto ecosystem. By collaborating with other industry leaders, Hedera seeks to pave the way for the widespread adoption of blockchain technologies and contribute to a future where crypto is secure, efficient, and safe for users, enterprises, and institutions exploring Web3.

Crypto ISAC Outlines Strategic Objectives

With the cryptocurrency sector facing ongoing security risks, the association’s formation addresses the urgent need for reliable information sharing and coordinated security measures. Crypto ISAC has outlined strategic objectives to guide its efforts which are the following.

The association aims to create a secure and reliable environment for private industry players and government bodies. Additionally, it helps to develop a resilient global crypto asset and blockchain industry while preventing the misuse of Web3 infrastructure.

According to Crypto ISAC, it will employ secure mechanisms and processes for the systematic and protected dissemination of information. This ensures that accurate and timely information is shared among members, enabling effective responses to security challenges.’

The association focuses on enhancing the timeliness, quality, and quantity of information distribution, ensuring early notification of security incidents so members can respond swiftly and mitigate risks effectively. 

Crypto ISAC aims to uphold high-security standards, promote resilience, and enable blockchain protocols to adapt to new technologies and evolving crypto policies by conducting collaborative threat analyses and providing relevant, actionable information.

Promoting Industry-Wide Security Collaboration

The launch of Crypto ISAC marks a significant step towards bolstering security in the cryptocurrency industry. With its focus on establishing a trusted environment, sharing unbiased information, managing the quality of information dissemination, encouraging collaboration, and ensuring resiliency, the center is poised to make a substantial impact.

By fostering trust and confidence among industry players, Crypto ISAC aims to address the ongoing security risks and challenges facing the crypto ecosystem. This collaborative effort will not only enhance the security posture of individual organizations but also strengthen the overall resilience of the cryptocurrency industry.