Security at iBusiness
iBusiness’s technology and information security program is designed to exceed industry standards. We use a variety of controls to ensure the information of our lenders and borrowers stays secure, and we’re committed to a security-first approach when we design and develop features.
Modern Cloud Technology
Our applications are hosted in virtual private clouds (VPC) within Amazon Web Services (AWS). By using modern HA cloud architecture, we’re able to leverage years of security enhancements to better protect against security incidents.
Strong Authentication
We use multi-factor authentication (MFA) as an additional layer of authentication beyond usernames and passwords for all critical internal systems. This helps prevent unauthorized users from gaining access to our client’s data.
Data Encryption
Personally Identifiable Information (PII), account information and other details are encrypted using 256-bit AES-GCM lender-specific rotating keys for maximum security.
Audit and Accountability
We provide a full audit trail of all communications, money movement, accounting, and financial decisions.
Robust Monitoring
We use reports, velocity checks, and alerts to track anomalies and quickly respond to and resolve adverse events.
Access Control
We provide robust role-based access control to serve the needs of any lender.
Built for Security and Compliance
iBusiness is SOC 2 Type 1 compliant. We practice defense-in-depth security architecture and employ best-in-class practices and tools to maintain security on all levels.
