Security strategy and a regulatory licence for a venture-backed crypto exchange
Sector: Financial services and cryptocurrency exchange
Market verticals: Crypto exchange, venture-backed start-up, regulated financial services
Client: A venture-backed crypto exchange start-up
My role: Chief Information Security Officer
Period: 2021 to 2022
The challenge
A crypto exchange start-up, backed by Series A funding of over £20 million, needed to turn a security idea into a regulated, investor-ready operation. It had to satisfy a financial regulator, insurers and investors at the same time, on a €2 million security budget.
What I did
I created the security strategy to support the business goals, managed the budget, and acted as the single point of contact to the executive team, partner consultancies, regulators, insurers and investors. I launched roadmaps and new security controls, working with stakeholders, vendors and third-party providers on information security projects, and worked directly with the financial regulator to achieve the virtual exchange licence. I delivered a comprehensive strategy covering IT, data privacy, security services, penetration testing, cyber assessments and tooling, as part of a multi-million-pound IT strategy.
The result
Direct work with the financial regulator in Malta to achieve the virtual exchange licence
Insurers, investors and regulators dealing with one clear point of contact
A complete, funded cybersecurity strategy in place for a rapidly scaling start-up
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