Cryptocurrency exchange bitFlyer USA has been fined $1.2 million by the New York State Department of Financial Services (NYDFS).
Regulatory Action Against BitFlyer USA
According to the financial regulator, the bitFlyer USA cryptocurrency exchange failed to meet the state’s cybersecurity requirements, despite having the necessary license to operate its services in New York.
“At the time of the Examinations, bitFlyer USA had not performed periodic assessments of its internal and external cybersecurity risks and threats. Instead, the Company relied upon an IT audit performed by bitFlyer (Japan). Although an IT audit ensures the existence of policies and procedures to protect an organization’s networks and computer systems, it does not provide visibility into the organization’s security risks or how the organization can mitigate those risks and, therefore, is not an acceptable substitute for a comprehensive risk assessment. bitFlyer USA’s incomplete approach to risk assessment
We współpracy z: https://cryptodaily.co.uk/2023/05/nydfs-fines-bitflyer-usa-1-2-m
