Your data, safe with Vive

‍Data Security in the News

For years, data security has been an important topic in the news. Leaked password lists, DDoS attacks and institutions being hacked: the list seems endless. As a result, more and more people value their digital safety (even more). Especially when it comes to finances. Quite rightly so, because you prefer to keep information about your financial situation to yourself.

You can find out how Vive secures your data in this article. You will read, among other things, why your data is safe, how our data architecture works and how we send and secure information.

Vive’s Data Security in Brief

Vive does everything to secure your data as well as possible. Below, you can read briefly how we do this:

• Vive is an internet-based platform with security fundamentally built-in
• Vive uses a thin-client architecture: hardly any data is stored locally
• Vive is stateless: every exchange of information is authorised anew
• Vive uses a passwordless login to minimise the chance of cracking
• Vive runs entirely in Amazon's data centres: safe and up-to-date
• All incoming and outgoing communication and data storage is encrypted
  

Want to know more about our data security? Then read the rest of the article.

Secure from the Foundation

How can a company like Vive compete with large banks and institutions, which spend millions on security? The answer is simple: Vive has built its platform and app with modern (data) security as the main starting point.

The systems of banks and other institutions were often built before the internet era. As a result, they are constantly playing catch-up. They have to secure old systems with new technology, because these outdated systems are inherently unsafe. That is why it is much more complex for these institutions to properly secure their (data) systems. We are not saying that banks and large institutions are unsafe, by the way. The point we are making is that Vive is structured for modern data security from the foundation.

‍Secured from the Core

For the Vive app, we have opted for a thin-client architecture. All information, calculations and processes are stored within the Vive platform. An advantage of this is that hardly any information is stored on your phone. The information that is stored, is completely encrypted.

In addition, the architecture of the Vive app is stateless. This means that every request for information is authenticated anew. With every exchange, it is checked whether the requester is also the owner of the information.

‍Login Without a Password

Vive uses passwordless login. We are convinced that this is safer than logging in with a username and password. When people choose themselves, they often go for an easy-to-remember password. And an easy-to-remember password is easy to crack. But even if you choose a difficult password, it is only truly safe if you change it regularly. And that rarely happens in practice.

With a passwordless login, you receive a one-time password in your inbox with every login. This password is only valid for five minutes. This means that you have access to Vive if you have access to your email. Without the risk of your password being cracked.

‍Everything in the Cloud

The Vive platform runs entirely in Amazon's data centres. This automatically gives us access to the most up-to-date technology and best practices. A recent penetration test confirmed this once again. During this test, a cybersecurity company attempted to break in and discover weaknesses. That was unsuccessful, and no single weak point was found. Because Amazon constantly keeps its technologies up-to-date, we continue to be provided with the best security. In addition, we also have our data security annually assessed by an independent data security agency. This way we ensure that we have no blind spots.

For all customer data, we only use EU data centres. This means all customer information falls within EU legislation and is therefore outside the reach of governments that are not located in the European Union.

‍Always Encrypted

All communication between the platform and the outside world takes place encrypted. As a result, any interceptions yield completely unusable information. Your customer data is also stored encrypted. Any physical access, which is highly unlikely, also leads to unusable files.

Want to Know More About Our Security?

Data security at Vive is one of our fundamental security principles. Want to know more about the safety of your investments or the money in your investment account? Then visit this page.