Binance ‘red teams’ its own staff every month to keep hackers out

60-second summary

Binance conducts monthly "red team" exercises, testing its employees' security awareness and vulnerability to social engineering tactics, a common source of industry breaches. This rigorous approach aims to identify and address potential weaknesses, ensuring the exchange's robust security measures remain effective in preventing hacking attempts and protecting user assets, bolstering investor confidence in the volatile cryptocurrency market.