Binance Takes a Stand Against Cybercrime with Recognition
Binance Recognized for Cybersecurity Commitment
Binance, the renowned blockchain ecosystem responsible for the largest cryptocurrency exchange by trading volume, has recently received a prestigious appreciation award from law enforcement. This recognition highlights Binance's ongoing dedication to enhancing cybersecurity and protecting users from cyber threats.
Collaborative Efforts with Law Enforcement
The award was presented by the CyberCrime Command during a significant networking dinner aimed at fostering partnerships between the private sector and law enforcement. Celebrated each year, the APPACT Appreciation Awards aim to acknowledge the critical roles that companies play in combatting cybercrime. Binance was honored for its commitment to being proactive in this joint effort.
Acknowledgement from Police Leadership
Notable dignitaries attended the event, including Mr. Zhang Weihan, Acting Deputy Commissioner of the SPF. During his speech, he expressed gratitude towards various companies, especially highlighting how Binance has provided valuable support in numerous investigations. Such recognition underscores the importance of collaborative actions in enhancing cybersecurity measures.
Binance Among Esteemed Company
Binance was honored alongside 17 other distinguished organizations, including tech heavyweights like Google, Microsoft, and PayPal. This gathering of industry leaders emphasizes the shared responsibility in fighting cyber threats and ensuring cybersecurity remains a priority.
Insights from Binance Leadership
Akbar Akhtar, Binance's Head of Investigations for the APAC region, shared his thoughts on the award, stating, "This recognition is a testament to our unwavering commitment to security and collaboration with law enforcement agencies. At Binance, we believe that effective cybersecurity is a collective effort that demands cooperation between all stakeholders." His message resonates with the company's philosophy to foster a safe digital environment for everyone.
Global Efforts in Cybersecurity
Binance’s recognition helps shine a light on its broader initiatives to combat cybercrime on a global scale. Recently, Binance has been particularly active in Southeast Asia, receiving accolades not just from Singapore but also from Thailand and Indonesia for its respective contributions in regional cybersecurity operations.
In Thailand, for instance, Binance was acknowledged for its significant role in Operation Cyber Guardian, and in Indonesia, the company received a medal for its continuous support of cybercrime units. Such accolades reflect Binance’s proactive approach in not just maintaining a secure platform but also supporting law enforcement efforts worldwide.
Responding to Global Demands
In the last year alone, Binance has responded to nearly 65,000 requests from various law enforcement agencies across the globe, showcasing its willingness to cooperate and provide essential information to help combat cybercrimes. This dedication reflects the company’s vision to foster a trustworthy digital ecosystem where users can engage without fear.
A Commitment to Ongoing Collaboration
Moving forward, Binance remains committed to working closely with both public and private sectors to cultivate a secure online environment for all users. By reinforcing partnerships and focusing on education, Binance is striving to ensure that safety and security in the digital realm are prioritized.
Frequently Asked Questions
What award did Binance receive for its cybersecurity efforts?
Binance received an appreciation award from the Singapore Police Force for its contributions to fighting cybercrime.
Who presented the award to Binance?
The award was presented by the SPF's CyberCrime Command during the APPACT networking dinner.
Why is Binance recognized among other companies?
Binance is recognized for its notable collaborations with law enforcement and other companies in combating cyber threats.
What is Binance's approach to enhancing cybersecurity?
Binance believes in building partnerships with law enforcement and industry players to ensure a safe digital environment.
How many requests did Binance respond to from law enforcement?
In 2024, Binance responded to about 65,000 requests globally from law enforcement agencies.
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