In today's digital world, the security of your financial data is more important than ever. At Shayr, we take this responsibility seriously. We understand that you're trusting us with sensitive information, and we are committed to protecting it with the utmost care.
This blog post will give you a behind-the-scenes look at the security measures we've implemented to safeguard your data and ensure your peace of mind.
1. Encryption: Your Data's Invisibility Cloak
Imagine your financial data wearing an invisibility cloak as it travels between your device and our servers. That's essentially what encryption does. We use strong encryption algorithms such as AES 256 to scramble your data, making it unreadable to anyone who might try to intercept it.
And it's not just in transit—your data is also encrypted at rest, meaning it's protected even when it's stored in our databases. Here is a snapshot of how your data looks like when stored on our side, and its not just PII, we store all your financial data encrypted
2. Passwordless Login & SSO: Secure and Seamless Access
We've embraced the future of authentication with passwordless login and single sign-on (SSO) options. This means you can access your Shayr account securely and effortlessly without the hassle of remembering passwords.
3. Data Minimization: Less is More
We believe in the principle of "less is more" when it comes to data collection. We only collect the essential data we need to provide our services and help you make the best decisions for your family. The less data we store, the less there is to protect.
4. Access Control: The VIP List
We have a strict "VIP list" for who can access data. Only authorized personnel with a legitimate need can access information. This helps prevent unauthorized access and ensures that your data is only seen by those who need to see it. It is also important to note, while they have access, they always see the encrypted data and cannot see your actual data ever.
5. Regular Security Checkups: Staying Ahead of the Game
We don't just set up security measures and forget about them. We conduct regular security assessments, including penetration testing and vulnerability scanning, to identify and address potential weaknesses in our systems. This helps us stay ahead of the game and ensure that our security measures are always up to par.
6. Plaid: Your Secure Connection to Financial Institutions
We've partnered with Plaid, a leading data aggregator that allows you to securely connect your financial accounts to our app. Plaid employs bank-level security and complies with industry standards like SOC 2 and ISO 27001, giving you confidence that your data is handled with care. You never provide Shayr with your Bank information. Shayr only gets your information from your bank after you have authorized the integration via Plaid.
7. AWS: Our Secure Cloud Foundation
Our infrastructure is hosted on Amazon Web Services (AWS), a secure and reliable cloud platform. AWS meets numerous security standards and regulations, including PCI DSS, HIPAA, and GDPR, providing multiple layers of protection for your data.
8. Employee Training: Educating Our Team
Our team is an important part of our security strategy. We provide everyone with regular security awareness training to keep them up-to-date on the latest security threats and best practices. This helps ensure that everyone on our team is aware of their role in protecting your data.
Your Part in the Security Equation:
While we take security seriously, you also have a role to play in protecting your data. Here are a few things you can do:
Keep your device secure with a strong passcode or biometric authentication.
If you notice any suspicious activity on your account, please contact us immediately.
Our Ongoing Commitment:
We are committed to continuously improving our security measures and staying ahead of the curve when it comes to protecting your data. We regularly review and update our security practices to ensure we are providing the highest level of protection possible.
Your peace of mind is our priority. We want you to feel confident that your financial data is safe and secure with Shayr.