How does fidelity ensure the security of digital assets in their custody?

3 answers

• Dec 20, 2021 · 3 years ago
  Fidelity employs a multi-layered security approach to protect digital assets in their custody. This includes using advanced encryption algorithms to secure data, implementing strict access controls and authentication protocols, and regularly conducting security audits to identify and address any vulnerabilities. They also store digital assets in offline cold storage wallets, which are not connected to the internet and therefore less susceptible to hacking. Overall, fidelity prioritizes the security of digital assets and continuously invests in robust security measures to safeguard against potential threats.
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• Dec 20, 2021 · 3 years ago
  When it comes to the security of digital assets, fidelity leaves no stone unturned. They have implemented state-of-the-art security measures to protect the assets under their custody. This includes employing cutting-edge technology, such as biometric authentication and hardware security modules, to ensure that only authorized individuals can access the assets. Additionally, fidelity regularly monitors and updates their security systems to stay ahead of emerging threats. Rest assured, your digital assets are in safe hands with fidelity.
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• Dec 20, 2021 · 3 years ago
  As a third-party custodian, BYDFi ensures the security of digital assets by following industry best practices. They employ a combination of physical, technical, and administrative safeguards to protect assets from unauthorized access, theft, and loss. BYDFi uses secure data centers with 24/7 surveillance, implements strong encryption protocols, and conducts regular security audits. They also have insurance coverage to provide an extra layer of protection. With BYDFi, you can trust that your digital assets are well-protected.
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