AlphaPoint, a for digital currency exchanges, has announced today that it has appointed Srikant “Sri” Manda as Chief Information Security Officer. Manda is an experienced cybersecurity executive and is the first to join the company in this position.
Mandra brings more than a decade worth of experience in cybersecurity to the company. During his career, he has focused on the governance, architecture and operations experience. Manda has held positions in cybersecurity operations at Citigroup and TD Bank. His most recent positions were at Juniper Networks and Fortinet, where he led architecture and security teams.
Source: LinkedIn
Manda joins a team which is led by industry veterans. In particular, the company’s employees have extensive experience working across capital markets, fintech, exchange technology, options, forex and engineering.
Source: LinkedIn
“We work every day to protect our clients and ensure the safety and security of our products and customers through multilayer cybersecurity, physical security, and operational best practices. Sri coming on board doubles down on our commitment to be a security first company.”
Protecting a hacking-prone industry
Security hacks in the cryptocurrency industry have become increasingly problematic. One of the most notable hacks was to on January 26 this year. Unidentified hackers managed to steal more than $500 million worth of NEW tokens. At the time of the attack, the tokens were worth about $0.94 apiece. It took the exchange around eight hours before they noticed the attack.
As a result, the company experienced financial troubles which led to Japanese online trading giant Monex acquiring the firm. on the acquisition earlier this year, the deal was worth $33.5 million.
Source: LinkedIn
“AlphaPoint implements best practices and leads the way in terms of security. We are excited for Sri to ensure that AlphaPoint continues to set the precedent for others in the industry to follow.”
AlphaPoint Secures Srikant Manda as Chief Information Security Officer
More from AnalysysMore posts in Analysys »
Be First to Comment