David Edwards
Kraken, the cryptocurrency exchange, is putting a strong emphasis on security and ensuring that its security team maintains a low public profile. According to Chief Security Officer Nick Percoco, the 400-member security team is actively encouraged to refrain from using social media as a precautionary measure to reduce potential security risks for the company.
In addition, only a select few team members are allowed to publicly acknowledge their affiliation with Kraken. The rest of the team is advised to maintain a lower profile because cybercriminals often target individuals associated with cryptocurrency exchanges.
Percoco pointed out that having security team members active on social media platforms can expose the company to hacking attempts. He also highlighted that hackers tend to focus on employees who come from traditional finance (TradFi) backgrounds and frequently change their job titles on social media.
To address these risks, Kraken reportedly implemented a policy five years ago, instructing employees who do not require social media for work-related purposes to abstain from having profiles on these platforms.
As a result, fewer than 5% of Kraken’s security team members are publicly known, which is considered a crucial aspect of the exchange’s security strategy. Kraken had not responded to a request for comment from Cryptonews at the time of the report.
