Security solutions provider Bionicsgene will start a business to make the cryptocurrency exchanges safer and security-proof.

It said it would provide to the cryptocurrency exchanges security solutions. Its solution includes the protection of  investor information, preventing the leakage of internal data to the outside, blocking the access of unauthorized personnel to the network and early detection of unusual and strange network behavior. Its early detection program is made possible through machine learning.

A Bionicsgene spokesperson said the company’s objective is to become a leader in the blockchain security market.
According to a report, investors sustained a loss of $927 million due to the hacking of the cryptocurrency exchanges worldwide.

The Bionicsgene will also partner with a Hong Kong-based blockchain consulting company.

Bionicsgene was founded in 1995 and provides security solutions to over 1,500 companies.