Security Integration with Fireblocks
RCO Finance is setting new standards in security for the finance industry through its strategic integration with Fireblocks, a leading platform for digital asset custody and protection. This collaboration allows RCO Finance to offer state-of-the-art security solutions that safeguard financial transactions and digital assets, addressing the rising risks posed by cybercrime in today’s rapidly evolving financial landscape.
I. Multi-Party Computation (MPC)
At the core of Fireblocks’ security is MPC, a cryptographic technique that ensures no single point of failure in key management. By splitting private keys across multiple entities, MPC makes it nearly impossible for a hacker to gain access to a full private key, significantly reducing the risk of cyberattacks. This ensures that RCO Finance clients’ private keys are protected even during high-value transactions.
II. Hardware Security Modules (HSMs)
RCO Finance enhances the protection of cryptographic keys using Fireblocks’ HSMs—secure, tamper-resistant hardware devices. These HSMs store sensitive data in an isolated environment, ensuring that private keys and other cryptographic materials are never exposed to unauthorized access. This adds a layer of defense to RCO Finance’s security system.
III. Secure Transfer Environment (STE)
Fireblocks' Secure Transfer Environment (STE) provides a completely isolated environment where transaction signing and key management are handled. This technology prevents both external cyberattacks and insider threats by isolating sensitive operations from potential vulnerabilities, ensuring that digital assets are handled securely during transactions.
IV. End-to-End Encryption
All data passing through RCO Finance’s platform is encrypted using Fireblocks’ advanced encryption protocols. This ensures that sensitive information, such as transaction data and user details, is fully protected from interception or unauthorized access while in transit, providing peace of mind to financial institutions and their clients.
V. Compliance & Trust
Fireblocks' adherence to global regulatory standards, such as SOC 2 Type II and ISO 27001 certifications, aligns with RCO Finance's commitment to compliance. This integration builds trust with regulators and clients, assuring that digital assets are being managed securely.
Last updated