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HabitTrade Security Statement

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18 views6 pages

HabitTrade Security Statement

Uploaded by

mr MKT
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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HabitTrade Security Statement

1. Regulations and License


 HABIT FINANCIAL SERVICES PTY LTD

Australian company number：626 521 202

Australian financial services license No：514654

Regulatory Authority：Australian Securities and Investments Commission

Search website：Browse Professional Registers


 HABIT INC

Entity identification number：20221918063

MSB Registration Number：31000229716152

Regulatory Authority：Financial Crimes Enforcement Network Department of the Treasury

Search website：MSB Registrant Search | FinCEN.gov

2. User Funds Custody Security Assurance


At HabitTrade, we prioritize the security of client funds under custody. Our strict internal

controls and regulatory oversight ensure that client funds are safeguarded at all times. We

cannot mobilize client funds without the client's instructions. The fund custody arrangements

are as follows:

 Cryptocurrency assets stored in our institutional account at Coinbase, guaranteed by

Coinbase's security system and supervised by the U.S. Securities and Exchange

Commission (SEC).
 Client securities products deposited in Riche Bright Securities Limited, a licensed

institution in Hong Kong, and supervised by the Hong Kong Securities and Futures

Commission (SFC).

 Customer funds are deposited in the institutional account bank of Habit Financial Services

Pty Ltd, an Australian licensed institution, and supervised by the Australian Securities &

Investments Commission (ASIC).

 Customer fund conversions are managed by HABIT INC under the supervision of the

Financial Crimes Enforcement Network Department of the Treasury (FinCEN).

3. Technology Stability and Security Assurance


At HabitTrade, we prioritize the safety and privacy of our users' data. We ensure the safety of

your data through a combination of advanced security measures and robust protocols. Our

approach includes:

 Encryption: All sensitive data, including your personal information and transaction

details, are encrypted using industry-standard encryption algorithms. This means that even

if intercepted, your data appears as gibberish to unauthorized parties.

 Secure Authentication: The app employs secure authentication methods such as strong

passwords, biometric authentication (like fingerprint or face recognition), and two-factor

authentication (2FA) to ensure that only authorized users can access their accounts.

 Regular Security Audits: The app undergoes regular security audits conducted by

independent third-party security firms. These audits identify and address any

vulnerabilities or weaknesses in the app's security infrastructure, ensuring that your data

remain protected.

 Secure Storage: Your data is stored in highly secure and encrypted storage systems,

typically on servers hosted by reputable cloud service providers. These storage systems are

constantly monitored and regularly audited to ensure compliance with security standards.

 Fraud Detection: Advanced fraud detection algorithms are employed to monitor


transactions and detect any suspicious activity. If any unauthorized or suspicious

transactions are detected, the app's security systems will automatically flag them for

further investigation.

 Compliance with Regulations: The app complies with relevant financial regulations and

data protection laws, ensuring that your data is managed in accordance with the highest

industry standards and legal requirements.

 Customer Support: In case you encounter any security-related issues or have concerns

about the safety of your data, the app provides dedicated customer support services to

assist you promptly and effectively.

Ensuring the high stability of our platform is paramount to providing users with a seamless

and reliable experience. Here's how:

 Robust Infrastructure: The platform is hosted on a highly reliable and scalable

infrastructure, often utilizing cloud computing services like Amazon Web Services (AWS).

These platforms offer high availability, redundancy, and built-in failover mechanisms to

minimize downtime and ensure uninterrupted service.

 Load Balancing: To distribute incoming traffic evenly across multiple servers, the

platform employs load balancing techniques. This helps prevent any single server from

becoming overwhelmed, ensuring consistent performance even during periods of high

traffic.

 Monitoring – Alerting: The platform continuously monitors its performance metrics,

including server health, response times, and error rates. Any anomalies or issues are

immediately flagged, and relevant stakeholders are alerted to take corrective action

promptly.

 Auto-scaling of Services: During periods of increased demand, such as peak usage times

or sudden traffic spikes, the platform automatically scales its resources to accommodate

the higher load. This ensures that performance remains consistent and responsive, even

under heavy usage.

 Multi-Region Service Deployment: Deploy services across multiple regions to enhance


availability and resilience against regional outages.

 Disaster Recovery (DR): Conduct regular disaster recovery drills to validate the

effectiveness of DR plans and procedures.

Implement automatic failover mechanisms to enable seamless switching between regions

in the event of a failure, ensuring uninterrupted service availability for users.

4. User Privacy Information Security Assurance


HabitTrade is committed to protecting your privacy and handling your information

responsibly. This Privacy Policy explains how we collect, use, and disclose Personal

Information in connection with our services.

 Collection and Use of Personal Information:

A. We collect Personal Information to provide services and require it for participation.

B. Users represent authority to disclose Personal Information related to others.

C. Personal Information is used for service provision, inquiries, transactions,

administrative communications, and marketing.

 Analysis and Personalization:

A. Personal Information is analyzed to improve services and personalize interactions.

B. Content delivery is tailored based on user interests.

 Participation in Promotions:

A. Users are offered opportunities to participate in sweepstakes, contests, and

promotions.

B. romotions are governed by specific rules containing information about Personal

Information usage.

 Data Aggregation and Anonymization:

Personal Information may be aggregated/anonymized for various purposes.

 Business Operations:
A. Personal Information is used for data analysis, service enhancement， safety/security,

audits, product development, usage trends analysis, promotional effectiveness

evaluation, and business expansion.

B. Monitoring, recording, and storing of App Usage Information or other Personal

Information is conducted for safety, regulatory compliance, and legal purposes.

 Legal Compliance:

Legal obligations for identity verification and regulatory compliance are fulfilled.

 Disclosure of Personal Information:

Personal Information may be disclosed to affiliates, service providers, and third-party

sponsors of promotions.

 User Disclosure:

Users may elect to disclose Personal Information on public platforms provided by the

services.

 Other Uses and Disclosures:

A. Compliance with applicable laws, regulations, and cooperation with

public/government authorities.

B. Legal purposes such as responding to legal requests, enforcing terms and conditions,

and protecting rights, safety, or property.

C. Disclosure of Personal Information in connection with a sale or business transaction.

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