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BSI PD ISO/TR 23576:2020

$167.15

Blockchain and distributed ledger technologies. Security management of digital asset custodians

Published By Publication Date Number of Pages
BSI 2020 44
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This document discusses the threats, risks, and controls related to:

  • systems that provide digital asset custodian services and/or exchange services to their customers (consumers and businesses) and management of security when an incident occurs;

  • asset information (including the signature key of the digital asset) that a custodian of digital assets manages.

This document is addressed to digital asset custodians that manage signature keys associated with digital asset accounts. In such a case, certain specific recommendations apply.

The following is out of scope of this document:

  • core security controls of blockchain and DLT systems;

  • business risks of digital asset custodians;

  • segregation of customer’s assets;

  • governance and management issues.

PDF Catalog

PDF Pages PDF Title
2 National foreword
7 Foreword
8 Introduction
9 1 Scope
2 Normative reference
3 Terms and definitions
10 4 Abbreviated terms
11 5 Basic description of a model of online system for digital asset custodianship
5.1 General
5.2 Example of a system for digital asset custodians and its functional components
12 5.3 Examples of transactions
13 5.4 Description of keys used for signature and encryption
5.4.1 Type of keys
14 5.4.2 Flow for key generation and key usage
16 5.4.3 Using multiple keys
5.4.4 Suspension of keys
5.5 Characteristics of digital assets held in DLT / blockchain systems
5.5.1 General
5.5.2 Importance of signature keys
17 5.5.3 Diversity of implementations
5.5.4 Possibility of blockchain forks
18 5.5.5 Risks for unapproved transactions
6 Basic objectives of security management for digital asset custodians
19 7 Approaches to basic security controls
20 8 Digital asset custodians’ risks
8.1 General
8.2 Risks related to the system / platform of the digital asset custodian
8.2.1 General
21 8.2.2 Signature key risks
24 8.2.3 Risks on asset data
8.2.4 Risks related to suspension of systems and operations
25 8.3 Risks from external factors
8.3.1 General
8.3.2 Risks related to the internet infrastructure and authentication infrastructure
26 8.3.3 Risks inherent to digital asset DLT systems / blockchains
27 8.3.4 Risks arising from external reputation databases and anti-money-laundering regulations
28 9 Consideration on security controls of digital asset custodians
9.1 General
9.2 Basis for considerations about security management
29 9.3 Considerations about security controls on digital asset custodians
9.3.1 Guidelines for the information security management
9.3.2 Information security policies
9.3.3 Organization of information security
9.3.4 Human resource security
9.3.5 Asset management
30 9.3.6 Access control
31 9.3.7 Security controls on signature keys
35 9.3.8 Physical and environmental security
36 9.3.9 Operations security
38 9.3.10 Communications security
40 9.3.11 Supplier relationships
9.3.12 Information security incident management
9.3.13 Information security aspect of business continuity management
41 9.3.14 Compliance
9.4 Other digital asset custodian system specific issues — Advance notice to user for maintenance
43 Bibliography
BSI PD ISO/TR 23576:2020
$167.15