KREDIVO SECURITY, PRIVACY, AND ARCHITECTURE

 

Kredivo’s Corporate Trust Commitment

 

KREDIVO PHILIPPINES LENDING CORP. doing business as KREDIVO PH (hereinafter “Kredivo”) is committed to achieving and maintaining the trust of our customers. Integral to this mission is providing a robust security and privacy program that carefully considers data protection matters across our suite of services, including data submitted by customers to our services (“Customer Data”).

 

Services Covered

 

This documentation is applicable to the services branded as Kredivo (collectively, the

“Kredivo Services”), provided by Kredivo. This documentation describes the architecture of, the security and privacy-related audits and certifications received for, and the administrative, technical, and physical controls applicable to the Kredivo Services.

 

Third-Party Architecture

 

The architecture used by Kredivo to host Customer Data submitted to the Kredivo Services are provided by a third-party provider, Amazon Web Services (“AWS”) Cloud. Currently, the architecture hosted by AWS Cloud in the provisioning of the Kredivo Services is located in [Singapore].

 

Additionally, a portion of customer support for the Kredivo Services is provided using

third-party technology, being hosted on the third-party’s architecture.

 

Audits and Certifications

 

The following security and privacy-related audits and certifications are applicable to the Kredivo Services:

 

  • GeoTrust SSL Certificates: All Kredivo Services secure and transmit user data using

GeoTrust SSL certificates.

 

Additionally, the Kredivo Services undergo security assessments by internal personnel

and third parties, which include infrastructure vulnerability assessments and application

security assessments, on at least an annual basis.

 

Information about security and privacy-related audits and certifications received by AWS Cloud can be checked and are available in [xxxxx]

 

Security Controls 

 

The Kredivo Services include a variety of security controls. These controls include: 

  • Unique user identifiers (user IDs) to ensure that activities can be attributed to the responsible individual; 
  • Password length controls; 
  • Password complexity requirements for Web and mobile access to the Kredivo Services; 
  • 2 Factor Authentication for transactions made using the Kredivo Services;

 

Security Procedures, Policies, and Logging

 

The Kredivo Services are operated in accordance with the following procedures to enhance security:

 

  • User passwords are stored using a salted hash format and are never transmitted unencrypted;
  • User access log entries will be maintained, containing date, time, URL executed or

entity ID operated on, the operation performed (viewed, edited, etc.) and source IP

address. Note that source IP address might not be available if NAT (Network Address

Translation) or PAT (Port Address Translation) is used by a customer or its ISP;

  • Logs will be stored in a secure centralized host to prevent tampering;
  • Passwords are not logged under any circumstances;
  • No defined passwords are set by Kredivo;

 

Intrusion Detection

 

Kredivo, or an authorized independent third-party, will monitor the Kredivo Services for

unauthorized intrusions using network-based intrusion detection mechanisms. Kredivo may analyze data collected by users’ web browsers (e.g., device type, screen resolution, time zone, operating system version, browser type, and version, system fonts, installed browser plugins, enabled MIME types, etc.) for security purposes, including to detect compromised browsers, to prevent fraudulent authentications, and to ensure that the Kredivo Services function properly.

 

Security Logs

 

All systems used in the provision of the Kredivo Services log information to their respective system’s log facility or a centralized Syslog server (for network systems) in order to enable security reviews and analysis.

 

Incident Management

 

Kredivo maintains security incident management policies and procedures. Kredivo

promptly notifies impacted customers of any actual or reasonably suspected unauthorized disclosure of their respective Customer Data by Kredivo or its agents of which Kredivo becomes aware to the extent permitted by law.

 

User Authentication

 

Access to the Kredivo Services, directly or via the Kredivo API, requires a valid user ID and password combination, or an API key/secret, both of which are encrypted via TLS while in transmission. Following successful authentication, a random session ID is generated and stored in the user’s browser to preserve and track the session state.

 

Reliability and Backup 

 

All networking components, load balancers, Web servers, and application servers are configured in a redundant configuration. All Customer Data submitted to the Kredivo Services is stored on a primary database server that is clustered with a backup database server for higher availability. All Customer Data submitted to the Kredivo Services is backed up daily.

 

Viruses 

 

The Kredivo Services do not scan for viruses that could be included in attachments or other data uploaded into the Kredivo Services by customers.

 

Data Encryption 

 

The Kredivo Services use industry-accepted encryption products to protect Customer Data and communications during transmissions between a customer’s network and the Kredivo Services, including 256-bit TLS Certificates and 256-bit AES encryption at a minimum.

 

Deletion of Customer Data

 

Once a user is inactive (no transaction done for at least one year did not activate the account for three months), Customer Data will remain in inactive status on backup media for 90 days, after which it will be overwritten or deleted. This process is subject to applicable legal requirements. Without limiting the ability for customers to request return of their Customer Data submitted to the Kredivo Services, Kredivo reserves the right to reduce the number of days it retains such data after a user has reached inactive status. Kredivo will update this Kredivo Security, Privacy, and Architecture Documentation in the event of such a change.

 

Tracking and Analytics 

 

Kredivo may track and analyze the use of the Kredivo Services for the purposes of security and help Kredivo improve both the Kredivo Services and the user experience in using the Kredivo Services. Kredivo may also use this information and users’ email addresses to contact customers or their users to provide information about the Kredivo Services. Without limiting the foregoing, Kredivo may share data about Kredivo customers’ or their users’ use of the Kredivo Services (“Usage Statistics”) to Kredivo’s service providers for the purpose of helping Kredivo in such tracking or analysis, including improving its users’ experience with the Kredivo Services, or as required by law.

 

Interoperation with Other Kredivo Services 

 

The Kredivo Services may interoperate with other services provided by Kredivo. 

 

Copyright 2024 Kredivo. All rights reserved.