kaal:claim:3936876-029

Custodial service providers spend proportionally less on IT security than non custodial ones: custodians spend between 6 and 10 percent of resources on IT security while non custodial service providers spend between 11 and 20 percent.

Notably, custodians spend between 6% to 10% of their resources on IT security while non-custodial service providers spend between 11% to 20% of its resources, both financial and human, on IT security.

Wulf A. Kaal, Hayley Howe, Custody of Digital Assets (2021), III.2 OCC Requirements, p. 24
https://ssrn.com/abstract=3936876 · source PDF

Wulf A. Kaal, Hayley Howe, Custody of Digital Assets (2021). SSRN: https://ssrn.com/abstract=3936876

• surveyed cryptoasset service providers in the 2020 benchmarking study

empiricalsupport: evidencedconsensus-and-securityempirical-evidence

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