What is Bank-Level Encryption and Why Is It Important for Credentialing?

What is Bank-Level Encryption?

The Accredible platform is hosted on the world’s leading infrastructure, adhering to some of the strictest security certifications and privacy laws. Bank-level encryption describes the level of data protection maintained by Accredible as equivalent to the same high-level security implemented by financial service providers and banks. Data security and privacy is important to our teams at Accredible and we are committed to maintaining enterprise level data protection.

What is data security and privacy?

Data security refers to the protection put in place to prevent unauthorized access and external attacks. Data privacy defines how data is stored, accessed, and managed. Although the terms are often used together, security and privacy need to be managed separately.

Digital security and privacy compliance

Our platform is fully compliant to EU GDPR, UK Cyber Essentials, and the following privacy laws and regulations:

DNB [Netherlands]
EAR
EU Model Clauses
FERPA
GLBA
HIPAA
HITECH
IRS 1075
ITAR
My Number Act [Japan]
U.K. DPA - 1988
VPAT / Section 508
EU Data Protection Directive
Privacy Act [Australia]
Privacy Act [New Zealand]
PDPA 2010 [Malaysia]
PDPA 2012 [Singapore]
Spanish DPA Authorization

All data requests made on the platform are fully encrypted and organizations can set individual account level permissions for team members. Organizations retain full control over their data and can export all their data from the platform at any time.

Data security and privacy best practices

As part of our commitment to maintain high levels of data protection, we adhere to the following best practices:

Data is stored at a secure tier 3 SOC 2-certified data centre
Annual internal and external security audits
Frequent, automated penetration testing and vulnerability scanning
Regular encrypted data backups stored in multiple locations
Internal user-access levels for Accredible personnel
Maintained business continuity and disaster recovery plans

Further information is available in our Help Center.

In Summary

Accredible is committed to maintaining high levels of security across all of our platforms and tools. Our customers issue digital credentials with the utmost confidence that their candidate data is safe and secure. We can also meet the needs of enterprise accounts that require custom service level agreements.

Try Accredible with a trial issuer account. The trial account allows up to 20 unique recipients and includes basic branding control and API access. Organizations can upgrade their trial issuer account at any time. Try Accredible's digital credential management software today and start issuing feature-rich digital credentials with confidence.