European peer-to-peer lending market Hive5 has mentioned that knowledge leaks result in a “breach of belief and concern amongst traders”, following experiences of a safety incident at one in every of its competitor platforms.
Final week, PeerBerry was topic to rumours that investor knowledge had been leaked. Nonetheless, the platform confirmed that the rumours referred to a historic incident courting again to 2020, which has since been resolved.
Hive5 took the chance to reassure its traders that its personal safety measures are strong.
“In at this time’s interconnected world, knowledge safety is paramount, particularly with regards to monetary investments,” mentioned a Hive5 spokesperson in a weblog on the corporate’s web site.
“Latest headlines have highlighted the dangers of entrusting delicate monetary info to funding platforms. One in every of our rivals not too long ago skilled a significant knowledge leak, resulting in a breach of belief and concern amongst traders.
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“At Hive5, we perceive the significance of safeguarding your knowledge and investments.”
The Croatia-based lender mentioned that it’s totally compliant with the Common Information Safety Regulation (GDPR), which units stringent requirements for dealing with private knowledge. It additionally holds two ISO certifications, together with one which focuses particularly on web safety.
The platform conducts common audits on its techniques, and makes use of superior software program options which provide clever safety analyses.
“Hive5 is dedicated to providing a safe and reliable platform for P2P investments,” the platform spokesperson added.
“Our compliance with GDPR, ISO certifications, common audits, and funding in IT infrastructure all mirror our unwavering dedication to your knowledge safety and funding safety.”
Learn extra: Hive5 marks its first birthday with greater than €13m lent thus far