CoinDCX crypto exchange has appointed Sridhar Govardhan as Chief Information Security Officer (CISO) to oversee its cybersecurity readiness. Govardhan was previously Vice President and Head of Information Security at Flipkart. The company strives to drive engagement with a focus on providing advanced security measures. Govardhan has previously overseen security cybersecurity measures for Wipro and Infosys. The crypto industry recently saw the exit of several investors after promising projects were hacked and collapsed dramatically.
As part of his primary responsibilities, Govardhan will serve as Head of Information Security Liaisons and lead the Information Security Advisory Committee to promote information security across the exchange’s ecosystem. “I am thrilled to be part of this dynamic sector and to strengthen CoinDCX’s security position to contribute to the industry’s growing information security landscape, especially as crypto is paving the way for the future of the internet. By developing and implementing the industry-leading security solutions aimed at giving CoinDCX the first-mover advantage, we will improve the security credentials of the entire ecosystem,” said the new CISO of CoinDCX in a prepared statement.
The exchange says that it aims to meet the needs of its users to ensure top-notch security against hack attacks and vulnerabilities that can expose them to financial risks and losses. “We are building, and that requires more transparency and security. Sridhar will lead our efforts in designing and maintaining an efficient enterprise information security framework and building a multi-layered security architecture that conforms to global standards,” said Neeraj Khandelwal, co-founder of CoinDCX.
In a recent report chain analysis said Last year was the worst on record for cryptocurrency heists, with hackers stealing as much as $3.8 billion (nearly Rs. 31,100 crore). Under these circumstances, CoinDCX wants to reassure its customers that they can experiment with crypto while staying safe when it comes to online transactions.
The exchange also recently started a crypto awareness initiative called “Namaste Web3” for Indian industries and investors.
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