Hackers have damaged Bithumb financially, and reputationally. Its ranking was 98th among the 100 exchanges. Hackers pushed the exchange to the lowest bottom in the global security ranking although it scored relatively well in the other categories.
Without hacking, it might be in the middle ranking among the 100 exchanges worldwide.
The ranking is based on the Cyber Security Score (CSS), which assigns ten points to each of the four categories—Cybersecurity, user security, crowdsourced security, and historial.
According to the Crypto Exchange Rank, Bithumb scored 4.67 and ranked 98th. The ranking makes Bithumb look like an unsafe exchange. However, it is not so unsafe as the data suggested.
It got 6.24 in cybersecurity, 7.81 in user security, placing it in the middle of the global ranking. Bithumb and GOPAX scored 6.58 in server security. Coinbit scored the lowest 3.8 among the 100 exchanges in server security.
The report showed that each of the three exchanges—Coinbit, Cashierrest, and Coinzest—scored the lowest 3 in cybersecurity.
Bithumb scored high in user security, but what pushed it to the bottom of the ranking was the ‘historical.’ Hackers’ attack on the exchange was responsible for its poor historical ranking.
