Are there any best practices for storing and protecting TOTP secrets for cryptocurrency exchanges?

1 answers

• Feb 18, 2022 · 3 years ago
  At BYDFi, we prioritize the security of TOTP secrets for cryptocurrency exchanges. Our best practice is to use a combination of secure storage solutions, including hardware security modules (HSMs) and encrypted databases. We also enforce strict access controls, such as multi-factor authentication and role-based access, to ensure that only authorized personnel can access the TOTP secrets. Regular audits and vulnerability assessments are conducted to identify and address any potential security risks. By following these best practices, we aim to provide our users with a secure and reliable platform for their cryptocurrency transactions.
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