Pillars of Our Security - Security
Protecting against external threats
Eliminating human error
Security
Built around trust
As a SOC2 Type II certified and regulatory compliant company, Parfin takes security seriously, applying best-in-class governance and controls.
Key Aspects of Our Approach
Multi-party Computing (MPC) technology
User configurable transaction policies- MPC powered digital asset Warm wallets
- Keyless, distributed, and secure digital asset custody
- Key shares can be held by Parfin and/or by customers
- Multi-cloud setup for added security
- Audited architecture and infrastructure
Infrastructure Security Details
- All user data is fully encrypted, passwords are hashed and salted
- We use HSMs that have achieved FIPS 140-2 Level 2 rating or higher
- All of our website data is transmitted over encrypted Transport Layer Security (TLS)
connections (i.e., HTTPS) - All API keys are stored in encrypted virtual HMAC wallets
- As an additional layer of security all sensitive data are also encrypted by HSM
Platform Security Features
- Mandatory 2FA for all user accounts when logging in and performing sensitive actions
- Customisable authorisation engine to ensure transaction initiator and approver are separate
- Mandatory Whitelisting of addresses with 24 hour delayed approvals
- Multiple user roles with varying levels of access and control
Process Security
- SOC2 Type II Certified by Ernst & Young, the gold standard for security assessment in financial markets
- Comprehensive insurance policies
- Regular Penetration Testing
- We partner with enterprise vendors to mitigate against distributed denial-of-service (DDoS) attacks
- Policies and procedures to enforce security and data privacy
- All software improvements require rigorous testing and approval from the Parfin executive team
- 24/7 system and security monitoring with specialist incident response
- Our founders and directors are unable to individually or jointly transfer funds out of the clients wallet
Parfin is a modular platform for secure digital asset custody, trading and management
Platform
Company
Resources
© 2022 Parity Holding Ltd, Cayman Islands.
