Your data, safe with Vive

​Data security in the news

Data security has been an important topic in the news for years. Leaked password lists, DDoS attacks and hacked institutions: the list seems endless. As a result, more and more people are placing (even more) value on their digital security. Especially when it comes to finances. Completely justified, because you prefer to keep information about your financial situation to yourself.

In this article, you'll discover how Vive secures your data. You'll learn why your data is safe, how our data architecture works, and how we send and protect information.

Vive’s data security in brief

Vive does everything possible to protect your data as well as possible. Below you can read a brief explanation of how we do this:

• Vive is an internet-based platform where security is fundamentally built-in
• Vive uses a thin-client architecture: hardly any data is stored locally
• Vive is stateless: every change of information is re-authorized
• Vive uses a passwordless login to minimize the chance of hacking
• Vive runs entirely in Amazon's data centers: secure 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.

Safe from the ground up

How can a company like Vive measure up to large banks and institutions that spend millions on security? The answer is simple: Vive has built its platform and app with modern (data) security as its most important starting point.

The systems of banks and other institutions are often built for the internet age. As a result, they are constantly behind the curve. They have to secure old systems with new technology, because these outdated systems are fundamentally unsafe.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. The point we are making is that Vive is fundamentally designed for modern data security.

​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 fully encrypted.

In addition, the architecture of the Vive app is stateless. This means that every request for information is re-authenticated. With each exchange, it is checked whether the applicant also owns the information.

‍Login without password

Vive uses passwordless login. We are convinced that this is more secure than logging in with a username and password. If people choose for 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 really secure if you change it regularly. And that rarely happens in practice.

With a passwordless login, you will receive a one-time password in your inbox each time you log in. 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

Vive's platform runs entirely in Amazon data centers. This gives us automatic access to the most up-to-date technology and best practices. A recent penetration test has once again confirmed this. During this test, a cybersecurity company attempted to break in and discover weaknesses. They were unsuccessful, and no weak points were found. Because Amazon continuously updates its technologies, we continue to be provided with the best security. In addition, we also have our data security assessed annually by an independent data security agency. This ensures that we have no blind spots.

We only use EU data centers for all customer data. This means that all customer information falls under EU legislation and is therefore beyond the reach of governments that are not in the European Union.  

​Always encrypted

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

Want to know more about our security?

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