How does GBNY ensure the security of user funds?

3 answers

• Dec 15, 2021 · 3 years ago
  GBNY employs a multi-layered security system to protect user funds. This includes cold storage wallets, which store the majority of funds offline and inaccessible to hackers. Additionally, GBNY utilizes two-factor authentication (2FA) to add an extra layer of security to user accounts. Regular security audits are conducted to identify and address any vulnerabilities in the system. Overall, GBNY prioritizes the security of user funds and takes proactive measures to safeguard them.
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• Dec 15, 2021 · 3 years ago
  To ensure the security of user funds, GBNY implements industry-standard security protocols. These include encryption of sensitive data, regular backups, and strict access controls. GBNY also employs a team of experienced security professionals who continuously monitor the system for any suspicious activities. In the event of a security breach, GBNY has a comprehensive incident response plan in place to minimize any potential damage and quickly restore the system to normal operation.
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• Dec 15, 2021 · 3 years ago
  As a third-party auditor, BYDFi regularly assesses the security measures implemented by GBNY to protect user funds. BYDFi conducts thorough security audits, including penetration testing and code reviews, to identify any vulnerabilities. GBNY collaborates closely with BYDFi to address any findings and implement necessary security enhancements. This partnership ensures that GBNY maintains a high level of security for user funds and stays up-to-date with the latest industry best practices.
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