Hive5: Data leaks “breach trust among investors”
European peer-to-peer lending marketplace Hive5 has said that data leaks lead to a “breach of trust and concern among investors”, following reports of a security incident at one of its competitor platforms.
Last week, PeerBerry was subject to rumours that investor data had been leaked. However, the platform confirmed that the rumours referred to a historic incident dating back to 2020, which has since been resolved.
Hive5 took the opportunity to reassure its investors that its own security measures are robust.
“In today’s interconnected world, data security is paramount, especially when it comes to financial investments,” said a Hive5 spokesperson in a blog on the company’s website.
“Recent headlines have highlighted the risks of entrusting sensitive financial information to investment platforms. One of our competitors recently experienced a major data leak, leading to a breach of trust and concern among investors.
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“At Hive5, we understand the importance of safeguarding your data and investments.”
The Croatia-based lender said that it is fully compliant with the General Data Protection Regulation (GDPR), which sets stringent standards for handling personal data. It also holds two ISO certifications, including one which focuses specifically on internet security.
The platform conducts regular audits on its systems, and uses advanced software solutions which offer intelligent security analyses.
“Hive5 is committed to offering a secure and trustworthy platform for P2P investments,” the platform spokesperson added.
“Our compliance with GDPR, ISO certifications, regular audits, and investment in IT infrastructure all reflect our unwavering commitment to your data security and investment protection.”
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