Crypto exchange Kraken’s Chief Security Officer, Nick Percoco, announced the release of four new security enhancements, on the Kraken platform that will be made available to all the exchange’s customers from today. Percoco further detailed the security updates in four different features named: Security Shield, Security Checkup, Device Approvals, and Device Management, with each step having its own purpose.
While Security Shield would indicate the security state of users’ accounts, Security Checkup step would make the process of securing accounts easier for users. Meanwhile, the roll-out of the Device Approvals feature would combat phishing attacks in particular.
The feature would alert users if the system detects an attempt to sign in from an unrecognized device. The exchange believed that such device-approval mechanisms would mitigate 60% of phishing attacks.
In addition to this, the security releases would also update Kraken’s Security Center that includes Session & Device management. According to the Chief Security Office, Device Management would be the next step that would follow the approval of a device. Read More