Thales announced on July 12 that it provided hardware security modules (HSM) to virtual currency exchanges such as coin links, coin ears, and commodity.
As the virtual currency market has grown to a large extent recently, cyber attacks on virtual currency exchanges have also increased. As cyber attacks are becoming more intelligent, it is necessary for the virtual currency exchange to prepare security measures.
HSM in this context supports data protection such as hardware-based encryption, key management, digital signatures, and user authentication.
Additionally, payments companies have made cross-passenger passwords as easy to access and manage as traditional currents.S. Thales Tales applied ' nS- tal-end HSM ' for their online and mobile banking services.
" Thales HSM has been able to secure money and transactions from financial institutions around the world for decades, and has recently been able to protect money and transactions from cyber thieves, " said John Gitter Talles, Chief Technology Officer.