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QCP Earns Cyber Trust Mark Certification, Strengthening Data Security and Client Trust

Published November 25, 2024
2 mins read

Article by [email protected]

In an era where cyber threats are increasingly sophisticated, maintaining robust cybersecurity practices has become critical for any organization. At QCP, we are thrilled to announce that we have been awarded the Cyber Trust Mark (Promoter) certification by the Cyber Security Agency of Singapore (CSA). This certification affirms our commitment to safeguarding client data and delivering top-tier cybersecurity across our services, reinforcing our role as a trusted partner in today’s dynamic digital asset landscape. 

What is the Cyber Trust Mark Certification?  

The Cyber Trust Mark certification is a respected, government-endorsed cybersecurity accreditation that highlights organizations achieving high standards in data security and cyber risk management. Developed by CSA, the certification is awarded to companies that meet rigorous security criteria, setting a benchmark for digital security and operational resilience across industries. 

Why does it matter? 

It is no secret that the digital asset landscape faces huge security challenges. With a 13% increase in ransomware incidents worldwide in 20221 amongst a myriad of cybercrimes, cybercriminals are constantly evolving to exploit vulnerabilities in sensitive data and financial transactions. Cybersecurity is no longer a luxury but a necessity.  

That’s why at QCP, we prioritize robust cybersecurity to counter these threats and protect our clients’ data. Achieving the Cyber Trust Mark certification is one way we’re strengthening our defenses. Our clients can operate confidently, knowing their information is secure in this ever-changing environment. Key benefits of this certification include:  

  1. Enhanced Data Protection: Cyber Trust Mark certification assures clients that their data is handled with the utmost security, backed by tested practices that go beyond standard requirements. 
  1. Proactive Cyber Risk Management: By meeting CSA’s rigorous standards, QCP has established a proactive approach to identifying and mitigating cyber risks before they escalate. 
  1. Operational Resilience: Our certified cybersecurity infrastructure enables us to maintain operational continuity, even in the face of potential cyber threats, ensuring our clients experience minimal disruption. 
  1. Regulatory Confidence: The Cyber Trust Mark aligns with regional and global regulatory standards – our practices are in line with best-in-class cybersecurity protocols. 

A Continuous Commitment to Cybersecurity Excellence  

Gaining the Cyber Trust Mark is just one part of our larger effort to adapt and evolve with new cybersecurity challenges. We will continuously improve and innovate our security practices to keep our clients’ data and operations secure. 

As we celebrate this achievement, we would like to thank our clients for their trust in QCP. This certification is not just a badge; it’s a promise that we will continue to prioritize your security as we grow together in a digitally connected world. 

With QCP, you can confidently navigate the future of digital assets, knowing your data is in safe hands. 

1 Singapore Cyber Landscape 2022. issuu. (n.d.). https://issuu.com/csasingapore/docs/csa_singapore_cyber_landscape_2022/3?ff&hideShareButton=true&pageLayout=singlePage

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Disclaimer

This information contained in this website is intended as a general introduction to QCP Capital and its activities as a Digital Payment Token (DPT) service provider and is for informational purposes only.

 

QCP Capital is not acting and does not purport to act in any way as an advisor or in a fiduciary capacity vis-a-vis any counterparty. Therefore, it is strongly suggested that any prospective counterparty obtain independent advice in relation to any trading investment, financial, legal, tax, accounting or regulatory issues discussed herein. This website is only directed at informed and qualified investors. Your entry to this website attests that you are fully aware that trading of DPTs is not suitable for the general public and that you are an informed and qualified investor, and are also fully cognisant of all technological and financial risk(s) associated with trading Digital Payment Tokens.

 

In the event you intend to onboard with QCP Capital to trade in DPTs, by onboarding with us you acknowledge that you are aware of any rules and/or regulations applicable to the provision of DPT and/or financial services, the high degree of risk involved and that in no event will QCP Capital or any if its directors or employees be liable for any injury loss, claim or damage (whether direct, indirect, consequential or incidental) arising either directly or indirectly out of, or in any way connected with, the site, or its use.

 

If you are located, incorporated, or otherwise established in, or a citizen or resident of certain jurisdictions, QCP Capital may be unable to, or otherwise reserve its right to refuse to engage in or establish a trading relationship with you. Please contact us if you believe you have received this notice in error. QCP Capital is not registered or licensed to operate in the states of Louisiana and New York and will not be able to establish a trading relationship with you if you are resident, incorporated or have your principal place of business in New York or Louisiana.

 

You also acknowledge that you understand that trading in payment token derivatives (“PTD”) are also not any less risky than trading in DPTs. PTD services are not regulated by the MAS and QCP Capital is as such not licensed under the MAS to provide PTD services. You should only trade in PTDs if you are an Accredited Investor and/or have sufficient experience and knowledge in trading PTDs.

 

Risk Warning on Digital Payment Digital Services
The Monetary Authority of Singapore (MAS) requires us to provide this risk warning to you as a customer of a digital payment token (DPT) service provider.

 

Before you pay your DPT service provider any money or DPT, you should be aware of the following.

 

Your DPT service provider is an exempt payment services provider pending licensing under the Payment Services Act (2019) to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.

 

You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by your DPT service provider.

 

You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.

 

You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.