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HandyPick’s Updates Are Shown on Crypto.com Price Page
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No audit provides any guarantee of security whatsoever, almost every credit card breach has (for example) been from a PCI-DSS certified entity. All an audit shows is that appropriate processes are in place. Its possible to have great security and not be capable of passing an audit and its possible to pass an audit with questionable security practices. On balance those who get audited and pass with few non-conformities tend to take compliance more seriously - that however is not the same as security which is a binary thing i.e. everyone has it until they are compromised.
Well, I brought the mail in not long ago and I received a letter in the mail from my local DSS. Since everything has been going up, I figured that I would apply for energy assistance to help offset some of my heating costs this year. The thing is, my income was too high according to the form they gave me, but I went ahead and sent it in anyway, and they actually approved me, which was a surprise (but a really nice one). It's not much, but nearly $400 for free off my heating bill means I can throw that money at something else. So that was kind of a win :) With crypto, honestly I haven't done much lately in it, but I have been reading some small coin subreddits here and there. This year though, I don't really have any plans to do anything major in crypto. Next year i'm hoping to keep increasing my crypto portfolio a bit, and maybe during the middle of the year I want to start buying back into stocks
As a side note, good fucking luck turning Twitter into a payment app and surviving a PCI DSS audit with no compliance staff.
Blockchain technology was built and introduced in the world by Satoshi Nakamoto to replace the corrupt banking system and it worked but unfortunately people are filled with greed and corruption. They only saw it as a means to develop more copies of Bitcoin through altcoins to get rich. This is why we have a lot of shitcoin copy pasta everywhere. Blockchain Tech is slow and can not fix the trilemma problems based on Vitalik Buterins statement. I called it the DSS or the Decentralization, Security and Scalability. Ethereum could not fixed it hence the reason why it’s moving to POS and away from POW. All Layer 1 chains can not scale and that’s why Layer 2 came in play to fix it but still could not compete with VISA and MasterCard. Fortunately I came across some Layer 1 chains that are not blockchains but are called DLT or digital ledger technology and I truly believe they have fixed the trilemma problem with its sharing and atomic composability. Soon we will see this companies taking over all the old Layer 1 chains. Perhaps we can see other use cases instead of only NFTs and shitcoin projects.
This applies to credit & debit cards too tbh. PCI DSS uses a fair bit of encryption, and is a pretty complex security framework. You don't see people losing their minds over its complexity or resource cost though because it's developed to a point where people don't *have* to understand how it works to use it safely. Additionally, there weren't huge entities blowing millions of dollars on media campaigns against the technology. But please, don't let that ruin your pedantry
It absolutely is not false informaton. While things have gotten better and in-person PoS checkouts through the use of EMV chips and tokenization, any time a card is swiped the merchant is receiving full card data and any online transactions where you enter your card information in the merchant is receiving full card data there as well. The result of this is specifically what took place with the Target breach back in 2013. I've worked with PCI compliance for many years, so I am very familiar with the types of card data being stored and how it must be stored. While certain card data is not allowed to be stored long term (like the card PIN or security code), the PAN is still allowed to be stored and the other sensitive data is still transmitted and at risk. Portraying this inherent design flaw in a way that pretends you don't need to trust every merchant you interact with with your sensitive payment data ignores one of the biggest drivers and cost of fraud today. There is a massive aftermarket for this sensitive information for a reason and this market gets this data from these data breaches where this data is stored. PCI DSS came about because of this very fact. Then there is ACH payments which are even worse from a security perspective. Providing your ACH payment information (routing and account number) allows anyone with that information to pull funds from your account. This system is used widely for recurring payments and a lot of fraud is a result of this information being compromised.
They have to remain PCI Compliant, look up PCI DSS.
As a US expat in E. Africa, fuel prices are higher and a new vehicle will cost double what it does in the US because of taxes- taxes on a new model are 100% msrp. So that fancy Land Cruiser that's $100k in the US is $200k here. Food items are much higher. Almond milk is almost $10 for a litre. Electricity and water are luxuries that are often scarce and costly. My electricity bill is $500 per month. Yes, someone with a budget of $30k per year there would not be able able afford a Land Cruiser, Almond milk or a $500 electricity bill, but just to put it in to perspective, if you lived like someone who makes below $2k per year here (which is probably average if lucky), the living standards would be slum-mish. You'd struggle much more than someone making $5k per year there who has Medicaid, food stamps and DSS housing. That's non existent here. You get sick, you're done. 99% of the population here has less than $1k in their bank account. If you wanted to live on $2k per year with a family, you'd be living on maize meal, corn, sugar and spinach. You would probably live in very small quarters with an outhouse with no running water indoors. You'd probably have a solar panel and a car battery to watch TV and charge your phone. P.s. personally, I purchased a 7 year old vehicle so my taxes were 30% msrp. The sticker price was $32k in Japan (where most vehicles in E. Africa are from) and by the time it got to my door, it cost me $44k. My kids don't have a room full of Wal-Mart toys and there are no fancy electronics in my home. TVs are like twice the price... The other day I went to the Nike shop and the cheapest pair of shoes (a $50 pair all day at an outlet) was $220. I miss America a LOT. They should say, if you can make it in Africa (forget NY), you can make it anywhere.
“Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks, as well as Service Organization Control (SOC) 2 compliance.”
No, not really. The real cause are security standards like PCI DSS requiring merchants to use MFA or lose their ability to process credit cards.
> Crypto.com becomes the first crypto platform to get SOC 2 certification. > And, ISO27001, ISO27701, PCI: DSS 3.2.1 (Level 1). > It also achieved the highest ‘Adaptive’ maturity levels for the NIST Cybersecurity Framework and NIST Privacy Framework.
"About Crypto.com Founded in 2016, Crypto.com today serves over 10 million customers with the world’s fastest growing crypto app, along with the Crypto.com Visa Card — the world’s largest crypto card program — the Crypto.com Exchange and Crypto.com DeFi Wallet. Recently launched, Crypto.com NFT is the premier platform for collecting and trading NFTs, carefully curated from the worlds of art, design, entertainment and sports. Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks. With over 1,800 people in offices across the Americas, Europe and Asia, Crypto.com is accelerating the world’s transition to cryptocurrency."
I'm also bullish for the following reasons: - Biggest crypto burn in history, committing to more decentralisation - Crypto.org DeFi launch with CRO at 14% APY, more decentralisation - Probably the most compliance crypto platform and most secure: ISO/IEC 27001:2013 ISO/IEC 27701:2019 PCI:DSS v3.2.1, Level 1 compliance Cryptocurrency Security Standard (CCSS) - Most complete crypto cards in general, with tiers for everybody, from free up to for people with deep pockets - Never hacked (so far) - Fastest growing crypto mobile app in both Android and iOS - Domain name - Most complete and easier crypto platform out there, perfect for mass adoption - Partnership/Sponsorship with UFC, F1, Aston Martin F1 team, Italian football league, Canadian Hockey... - NFT marketplace already live and active - EVN side chain and Smart contracts to launch soon - Exchange to be available in the US Q4 this year - I just enjoy using Crypto.com metal card with 3% cash back, Netflix and Spotify reimbursed, getting 6.5% in BTC and ETH, 12% in stable coins, using Crypto.com app and Crypto.org DeFi app (there is also now the Crypto.com Exchange app) with 14% in CRO. It's just awesome to use I don't recommend it for traders though, there are cheaper exchanges. DeFi staking could be easier, I prefer the more passive approach of Tezos and others for example. It's by no mean difficult though.
If nothing else I look forward to the gymnastics and parkour attempts they're all going to be in as they attempt to run through the PCI-DSS/PA-DSS types of obstacle courses... If I didn't hate them all so much I might have figured out how to make money from helping navigate, but instead I'm going to sit back and enjoy their struggles! I hope they lose billions.