We are observing a continuous increase in the number of customers and card transactions processed on CEX.IO. With that in mind, we are proud to share that we have recently proved our card payment processing to be 100% secure and have upgraded our PCI DSS Certificate to Level 1.
What does PCI DSS mean for CEX.IO?
The number of CEX.IO customers is constantly increasing; currently, over 2.75 million users choose CEX.IO for their crypto experience. At the same time, the total volume of card payment data processed and stored by CEX.IO has increased significantly. Due to such growth, we have had to pass a more demanding assessment and prove once again that we can be entrusted with transmitting, processing, and storing data securely.
At CEX.IO, we are committed to protecting the sensitive information of our users. To ensure that our security measures are in line with the best practices in the industry, we regularly assess our procedures and technical infrastructure. The upgrade of our PCI DSS compliance certificate to Level 1 demonstrates that we process and store customer card data securely.
What is PCI DSS?
The Payment Card Industry Data Security Standard (PCI DSS) is the universal standard designed to protect credit card payments online. It combines a range of rules established to protect card data and decrease fraud. The standard also includes measures to prevent and detect data breaches as well as steps to take in case a breach has occurred. The standard has a range of essential requirements that merchants dealing with card payments have to follow.
PCI has developed a scheme with four levels of compliance based on the volume of transactions processed and other risk factors. The Level 1 certificate is the most demanding and involves yearly site reviews by an appointed auditor and quarterly network scans. This helps to guarantee an appropriate level of security for customers’ funds.
Why pay attention to PCI DSS?
Every merchant accepting credit and debit card payments on their website should be PCI compliant. Payment data that users enter is sensitive, and it should be thoroughly protected to ensure that no loss or breach occurs. PCI compliance allows customers to be confident that all necessary measures are in place to keep their funds and information safe while making online payments.
With the upgraded PCI DSS certificate of compliance, you can be confident in the security of your data when submitting card information and making money transfers on CEX.IO.