2022 Winner Profile

Kraken

Nick Percoco

COMPANY WHERE WON: Kraken

PROJECT DESCRIPTION:

Project name: Project Hook, Line and Sinker (Kraken’s Security Working Group)

Description:Kraken identified how traditional methods of Account Takeover (ATO) prevention were no longer suitable to protect the crypto ecosystem alone. Kraken created an internal Security Working Group to identify common vulnerabilities across the ecosystem and to educate the public on cybersecurity best practices. Following a consumer education campaign and technical improvements, Kraken raised the bar for safeguarding its client’s assets by reducing the instances where accounts lost assets following an ATO. This approach enables more clients to trade knowing their funds are secure, and encourages more people into the maturing crypto ecosystem.

INDUSTRY: Financial Services Industry