We have covered important security guidelines which should be followed in every cryptocurrency exchanges. The checklist needs to be verified and certified to be the best exchange platform. Here’s the list below.
1.Cross-Site Scripting (X-XSS-Protection):
Cross-Site Scripting (XSS) attacks are the technique, in which malicious scripts are injected into the exchange websites. XSS attack is started when an attacker uses a web code or application to send malicious script, generally in the form of a browser side script, to a different end user. Since the code has gain access to the hackers to get all the information from user side. This is causing the unanonymous loss of funds from user wallet.
A distributed denial-of-service (DDoS) attack is one of the main methods of disruption in the modern day Internet. By overloading a targeted cryptocurrency exchange website with huge traffic, the attacker is able to render a website or service unavailable. Even the famous exchanges like Bitfinex,bitrex had also experienced this attack and after it was adjusted normally. Perhaps, when the exchange is not under DDOS attack, due to the massive amount of transactions in the exchange will reduce its performance.
Originally published at> https://www.cryptoexchangescript.com/blog/posts/crypto-exchange-security-checklist-safety-measures