How does Kraken handle security and account protection?

Asked a year ago
Kraken takes security and account protection seriously to safeguard user funds and personal information. They employ a multi-layered approach to ensure a secure platform. First, user accounts are protected through two-factor authentication (2FA) using industry-standard methods like Google Authenticator. Second, they store the majority of user funds in offline, air-gapped cold wallets that are distributed geographically in secure facilities. These funds are protected from online threats such as hacking or unauthorized access. Additionally, Kraken conducts regular third-party security audits to identify and address any vulnerabilities in their systems. They also have advanced monitoring tools to detect and mitigate any suspicious activities. In the unlikely event of a breach, Kraken has a dedicated security team and insurance coverage to minimize any potential losses.
Adam Goldkamp is the editor / author responsible for this content.
Answered May 3, 2024

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