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Informative Article | Computer Science and Information Technology | India | Volume 12 Issue 1, January 2023 | Popularity: 5.7 / 10
Securing Crypto Currency Exchanges: Implementing Cutting - Edge Security Measures for Enhanced Protection
Anvesh Gunuganti, Srikanth Mandru
Abstract: In the light of the fast - growing trend of cryptocurrencies and their compatibility with the international monetary system, the security of cryptocurrency exchanges is now the most pressing concern. This study focuses on security aspects of cryptocurrency exchanges, looking at how security measures have changed over time, typical weaknesses, and potential future security strategies involving cutting - edge technologies. Based on the case studies converged on cybersecurity issues and implications of the blockchain technology, the study specifies the main problems like hacking, phishing, and regulatory compliance. By means of a thorough examination of the security aspects, comprising two - factor authentication, cold storage and decentralized exchanges, as well as introduction of AI - powered threat intelligence to the mountains of the cryptocurrencies, the investigation presents main tactics to tackle cyber security problems and to protect user?s possessions. Moreover, this study shows the significance of regulatory supervision and inters industry collaboration to handle cyber - security challenges appropriately. Through a careful integration of case study analysis and literature from the academic world, the results of this research bring to light the actual present situation of cryptocurrency exchanges and provide suggestions for how to enhance the security of digital assets.
Keywords: Cryptocurrency exchanges, Cybersecurity, Blockchain technology, Risk mitigation, Regulatory compliance
Edition: Volume 12 Issue 1, January 2023
Pages: 1273 - 1277
DOI: https://www.doi.org/10.21275/SR24531140255
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