OrBit Markets Earns ISO 27001 and 27701 Certifications for Information Security and Data Privacy

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ISO 27001 is the international standard for information security management systems, while ISO 27701 is an extension to ISO 27001 for privacy information management systems.

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Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Friday, March 24, 2023
Information
Tags: 
Blockchain, Cryptocurrency, Professional Services, Technology, Fintech, Online Privacy, Digital Cash Management, Digital Assets, Security, Organization, Market, Privacy, ISO, Risk management, Medical device, Orbit
Geotags: 
ASIA PACIFIC, SINGAPORE
Organisation: 
ORBIT MARKETS
Summary
Key Points: 
  • ISO 27001 is the international standard for information security management systems, while ISO 27701 is an extension to ISO 27001 for privacy information management systems.
  • Both certifications require organizations to implement a comprehensive set of policies, procedures, and controls to manage and protect sensitive information, including personal data.
  • OrBit underwent a rigorous assessment process to obtain these certifications, which included a thorough audit of its information security and privacy management practices.
  • With the successful ISO 27001 and ISO 27701 certifications, institutional counterparties can trade with OrBit knowing that the company has implemented security and privacy best practices and is committed to maintaining the highest standards of operational excellence.


OrBit Markets, the leading institutional liquidity provider in digital asset options and structured derivatives, announced today it has achieved the ISO/IEC 27001:2013 and ISO/IEC 27701:2019 certifications for its information security and privacy management system.

ISO 27001 is the international standard for information security management systems, while ISO 27701 is an extension to ISO 27001 for privacy information management systems. Both certifications require organizations to implement a comprehensive set of policies, procedures, and controls to manage and protect sensitive information, including personal data.

OrBit underwent a rigorous assessment process to obtain these certifications, which included a thorough audit of its information security and privacy management practices. The certification process was conducted by an independent third-party certification body, which verified that all systems and processes met the stringent requirements of both standards.

“Achieving these certifications demonstrates our commitment to building a compliant, institutional-grade service,“ said Tianjiao Sun, co-Founder and Chief Technology Officer at OrBit. “As we look ahead, this achievement will allow us to continue delivering innovative solutions in digital assets derivatives while meeting the stringent requirements of institutional counterparties.”

The certifications also position OrBit as a trusted and reputable market maker in the crypto derivatives industry, providing added value to its counterparties and enhancing its competitiveness in the market. With the successful ISO 27001 and ISO 27701 certifications, institutional counterparties can trade with OrBit knowing that the company has implemented security and privacy best practices and is committed to maintaining the highest standards of operational excellence.

About OrBit Markets:

OrBit Markets is the leading institutional liquidity provider of digital asset options and structured derivatives. Founded by a team of former executives in finance and technology, OrBit combines its expert know-how in financial derivatives with the latest blockchain technology. With a mission to develop innovative investment and hedging solutions for digital assets, OrBit Markets offers a wide range of products, including vanilla options, exotic options, and structured derivatives across major and alternative cryptocurrencies. Its services encompass structuring, trading, and market making. For more information, visit orbitmarkets.io.

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