Binance Uses Phishing Tests to Assess Employees
Binance has incorporated simulated phishing attacks into employee security assessments. Those who fail must undergo retraining, and repeated failures may affect performance or even lead to dismissal.
The company's security team has been doing this for three to four years, with the red team initiating disguised recruitment and free meeting invitations each month. Overall security habits have reportedly improved significantly.
The buyer is the internal security line of the enterprise, while the seller is low-cost social engineering attacks; this mechanism directly transforms "security awareness" into performance constraints, with the most pressure on positions that are weak in habits and prone to information leaks.
Source: Public Information
ABAB AI Insight
Binance's integration of phishing simulations into performance assessments essentially productizes the management of "security behavior." This approach is closer to the strong internal control culture of financial institutions than the loose training typical of ordinary internet companies.
It reflects a historical path: in the crypto industry, the most costly losses are often not due to market fluctuations but rather asset outflows triggered by employees falling victim to social engineering. Therefore, leading trading platforms treat human errors as systemic risks to be managed.
In comparison, this is similar to the ongoing random testing by large investment banks and custodial institutions for high-sensitivity positions, with the distinction that Binance faces a more frequent, lower-cost, and more global attack surface.
Essentially, this is an intersection of regulatory changes and organizational restructuring: as external regulations become stricter, internal risk control will be prioritized; when assessments are directly tied to security outcomes, security becomes not just training but organizational discipline.
ABAB News · Law of Cognition
Security is not just a slogan; it is performance.
The lowest-cost attacks test the highest-cost defenses.
True internal control fears not testing, but habits.