On building a security culture that puts people first.
In today’s world, we trust Postmates and Uber with our location information, we trust Facebook with our personal data, and we trust Tinder and Bumble with the data about who it is that we want to date or match with. This trust allows for our life to function at the convenient rate that it does, and as millennials, we often don’t think twice about it.
At Exeq, we imagine a future where your data continues to help better your life. Just like you trust your doctor to have your health information, and you trust your car service to have your location information, we’re also starting to trust new banking technology that can better our personal finance in the same way all of these platforms have bettered other parts of our lives.
Of course, this trust in technology can’t be taken lightly. As we’re seeing with the Equifax breach, your data is extremely sensitive — and just like it can help build value, it can also be dangerous when in the wrong hands.
Security is a conversation that we have regularly at Exeq. We are more obsessive about security than anything. This conversation revolves around doing all that we can to ensure that our users’ data is completely secure as it aids us in building a better financial future for our generation.
Here are some of the primary steps we take in ensuring that all of our user’s data is completely secure:
- First and foremost, we do not store user banking credentials. Connection to banking institutions happens through existent banking infrastructure that undergoes regular security tests, such as making sure no unauthorized person can connect to their system.
- All user data (phone numbers, transactions, etc.) is physically and logically separated such that it is impossible to get a complete picture from a single system. This means that not only is the data segregated into separate databases, but it’s also running on separate machines altogether. It is impossible to retrieve complete information on transactions with a single system.
- All of our data is encrypted at rest, which means that it’s encrypted when being stored. At the same time, communication between systems uses secure connections (e.g. HTTPS), which means it’s extraordinarily difficult for someone to intercept and read the data in transit.
- We have trip wires in place. This means that, should a system become compromised, it can be shut down immediately. We can stop that system from accessing any other system. And we can change the authentication between all systems, creating a new un-compromised system.
- Access to the systems is strictly limited; only Exeq developers are granted access to the production environment. There’s also a “traffic cop” system whose sole job is to be the only externally accessible service. This further limits the likelihood of our data systems being accessed by a bad actor.
As the world becomes more data driven, we’re going to see amazing innovations and a tremendous increase in the convenience of our day to day lives. What we need to ensure is that all of the companies who are handling our sensitive data have a culture that puts the consumer and the security of their data first and foremost.
Check us out @ exeq.com and download the app for better spending today! 🔐