Every brokerage firm is always implementing strong security protocol in order to protect users to access their accounts. At the same time, security experts and companies are monitoring the environment for existing and new threats.
It’s the brokerage firm’s security measures that will be stopping these threats. Here are few of the ways how brokerage firm protect your account.
This stands for Secure Socket Layer encryption. It oftentimes uses a 128-bit key for encryption and decryption of files.
Truth is, this level of encryption is deemed to be unbreakable.
It demands enormous computation that can literally take thousands of years to decrypt.
Encrypted data is then stored behind monitored and secured firewalls that is located in a secured facility.
This is basically an additional step when logging into your account. This goes above and beyond your account’s password. The reason why this is important is because of the following:
First of all, this has an automatic logout. Your account will be logged out automatically. For instance, having 10 minutes of inactivity, the platform is going to ask you whether you want to continue or not. If the system does not get a response, your account will be logged out automatically.