Information Security - a fundamental requirement for outsourced digital asset operations

To run digital asset operations with secure, scalable and compliant infrastructure, institutions are turning to established third-party digital asset technology providers like Trever, outsourcing and streamlining key parts of their digital asset operations and eliminating the need for subsequent system changes.

Trever has a profound understanding of the information security requirements and risks faced by financial institutions. This expertise is evident in it’s GDPR-compliant mechanisms, the role in supporting institutions meeting DORA compliance and the implemented Information Security Management System (ISMS) according to ISO/IEC 27001:2022.

Here are key factors financial institutions benefit from when outsourcing key parts of their digital asset operations:

• Deep Industry Expertise: Financial institutions benefit from the extensive experience in digital asset infrastructure for years.
• In-depth knowledge of legal requirements: Trever understands the complex regulatory landscape financial institutions must navigate to remain compliant. For institutions operating within the European Union (EU), choosing a provider well-versed in EU regulations is particularly advantageous.
• Streamlined Onboarding: A trust center outlines all security, privacy, and compliance measures. This transparency enables financial institutions to quickly assess their security posture and accelerate onboarding.
• Continuous Reporting: Standardized and frequent reporting (like information about compliance, security and privacy incidents, internal/external audit findings or performance KPI’s) to outsourcing managers, information security officers and internal audit teams helps financial institutions to fulfill their outsourcing management requirements.
• Enhanced Operational Resilience: Trever supports financial institutions in meeting DORA requirements by comprehensive incident response and recovery plans with regular testing, and mechanisms for learning from incidents and external events - which enhances Business Continuity Management.
• High Information Security: The adoption of an Information Security Management System (ISMS) according to international standards ensures that information security is embedded in processes, systems, and management controls to minimize risks and enhance resilience. In the next section, we highlight the key benefits of Trever following this standard.

The Importance of an Information Security Management System (ISMS)

An ISMS aligned with international standards, such as the ISO/IEC 27001:2022 framework serves as a standard for risk management, cyber resilience, and operational excellence. Trever is certified according to ISO/IEC 27001:2022 and ensures compliance through regular internal and external audits.

An ISMS helps to:

• “Reduce vulnerability to the growing threat of cyber-attacks
• Respond to evolving security risks
• Ensure that assets such as financial records, intellectual property, employee data, and client information remain secure, confidential, and accessible
• Provide a centrally managed framework that safeguards all information in one place
• Prepare people, processes, and technology within an organization to handle cyber risks and other threats effectively
• Protect information in all forms, including paper-based, cloud-based, and digital data” ¹

When considering ISO/IEC 27001:2022 certification, the scope of coverage is a critical factor. Trever’s ISMS encompasses all internal business processes, software development, and information systems that ensure the secure delivery of its products and services. Choosing the right partner ensures digital asset operations remain in safe hands.

For more details on Trever’s security and compliance standards, visit the Trust Center or reach out to our experts at compliance@trever.io.

Source:

¹ ISO/IEC 27001:2022. (o. D.). International Organization For Standardization. https://www.iso.org/standard/27001

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The information provided on this website and in blog posts is for general informational purposes only. It does not constitute legal or financial advice and should not be interpreted as such. In particular, this information does not constitute an offer or solicitation to buy, sell, or trade any assets or digital currencies.

Please note that Trever GmbH is neither licensed under the Austrian Securities Supervision Act (Wertpapieraufsichtsgesetz 2018, WAG 2018) or the German Commercial Securities Authorization Act (Gewerbliches Wertpapierberechtigungsgesetz, GWB), nor a licensed credit institution. Trever is not registered as a financial service provider and do not offer investment advice or similar services. The views expressed in the content are solely those of the author and are subject to change without notice.

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