CertiK, a leading blockchain, and smart contract security solutions provider, recently announced it has been awarded a SOC II certification, becoming the first Web3 security auditing company to secure one. This ground-breaking accomplishment highlights CertiK’s constant commitment to offering its clients and collaborators the greatest degree of security and dependability in the rapidly developing blockchain industry.
CertiK is now the first Web3 security auditing firm to achieve SOC II certification. The SOC II certification is a demanding standard established by the American Institute of Certified Public Accountants (AICPA). This rigorous designation attests to CertiK’s commitment to prioritizing customer data security and meeting robust requirements for safeguarding client data.
CertiK, founded in 2018 by Yale and Columbia University professors, protects and monitors blockchain protocols and smart contracts using best-in-class AI technology. Mission-critical applications can expand securely and correctly thanks to the company’s adaptation of cutting-edge academic breakthroughs to the enterprise setting.
As the dynamics of the blockchain and Web3 sectors continue to transform rapidly, security has emerged as a critical component that active entities in the decentralized sector cannot compromise. CertiK’s adherence to the stringent SOC II standards keeps pace with the changing times and sets a new bar.
In achieving this milestone, CertiK uniquely positions itself in the rapidly evolving industry, offering unparalleled assurance to clients in safeguarding their blockchain initiatives and smart contracts. This achievement follows an independent third-party auditor’s meticulous audit and assessment, scrutinizing various features of CertiK’s security measures, operational procedures, and policies against the stringent SOC II criteria.
CertiK’s commitment to providing state-of-the-art security solutions is steadfast. In a testament to its unwavering dedication, the company stands ready to empower individuals, businesses, and enterprises, unlocking the immense potential of blockchain technology while ensuring uncompromised security.
CertiK also recently released its Q2 web3 security report showing malicious actors could siphon out $313,566,528 through Web3 protocols in 212 security incidents. Compared to Q2 2022, hacks and vulnerabilities resulted in a loss of $745 million, showing a 58% drop in the funds lost over the reporting period.
CertiK’s standing as a leader in the blockchain and smart contract security domain is reinforced by this milestone, further emphasizing its resolve to offer unrivaled security assurance to its clientele.
CertiK has established itself as a legitimate industry leader in blockchain security as one of the fastest-growing and most reputable firms. It has worked with roughly 4,000 organizations, protected over $360 billion in digital assets, and found nearly 70,000 flaws in blockchain technology. Leading companies in the sector, like Aave, Chiliz, Polygon, a Binance Smart Chain, and Yearn Finance, are among its famous clients.
CertiK’s innovative work and credibility have also attracted investments from an impressive list of backers. The list includes Advent International, Binance, Coatue Management, Coinbase Ventures, Danhua Capital, Goldman Sachs, Hillhouse Capital, IDG Capital, Insight Partners, Legend Star, Lightspeed, Sequoia, Shunwei Capital, SoftBank, Tiger Global, Wing, and more.