Security Overview
WisdomTree Prime is committed to providing a secure platform for our users by implementing security features that safeguard user data and accounts. Here are the top security features in use by WisdomTree Prime that will help to ensure the security of your account with us:
End-to-End Encryption: End-to-End Encryption (E2EE) helps to ensure that sensitive, proprietary, or confidential data, such as account numbers, non-public personal information (NPI), addresses, passwords, transaction data and records, cannot be intercepted or accessed by hackers or unauthorized parties. By encrypting user information, WisdomTree Prime can help keep it secure and confidential. Encryption is done by using a cryptographic algorithm to scramble data into an unreadable form. Only authorized users with the correct decryption key can access the information. This helps to ensure that user data is not stolen or compromised.
Password Strength: We encourage our users to create robust, unique passwords involving a combination of letters, numbers, and symbols. Regularly updating these passwords and avoiding reuse across platforms can help to further bolster account security.
Two-Factor Authentication (2FA): We employ 2FA, an added security layer requiring two types of identification before account access. This enhanced security measure is used to reduce the risk of unauthorized account access, even if a password has been compromised.
Data Privacy & Security Laws and Regulations: WisdomTree Prime complies with applicable data privacy and security laws and regulations, including but not limited to, the Gramm-Leach-Bliley Act’s “Safeguards Rule” (GLBA), further displaying our commitment to maintaining a secure user environment.
Activity Monitoring: Advanced software monitors user behavior to help detect potential fraudulent activity. This could include flagging large transactions, multiple transactions within a short time frame, or multiple logins from different locations. Monitoring user activity and behavior can help prevent fraud and protect user accounts and information. WisdomTree Prime adheres to prudent and responsible risk management practices.
Secure Network: WisdomTree Prime employs a secure network to access, process, transmit, and store user data. This includes firewalls, intrusion detection and prevention systems, and network segmentation, which act as digital safeguards for user information. We have implemented network segmentation, which defines boundaries between network segments where assets within the network group have a common function, risk or role within an organization, this creates a digital safeguarding control for your information. A secure network is critical to keeping user data secure and is one of the most important security features we have in place.
YOUR ROLE: WHAT STEPS CAN YOU TAKE TO HELP ENSURE THE SECURITY OF YOUR INFORMATION ON WisdomTree Prime
While we undertake rigorous measures to protect your information, there are precautions you, as a user, can also take to help further secure your data:
Say NO to Public Wi-Fi: We recommend you avoid accessing your financial assets on public Wi-Fi networks, which are often less secure. Instead, opt for mobile data plans for heightened security.
Link Safety: Be mindful when clicking on links in emails, text messages, or on suspicious websites – even if you’re using a VPN. Virtual Private Networks (VPNs) may not provide the level of security many users believe they do, especially when it comes to protecting against malicious links. VPNs do not scan links for malicious code, which may leave you vulnerable if you’re not cautious. A lot of people think they can do whatever they want because they have a VPN on and active, but the VPN only prevents sniffing of traffic. Sniffing of internet traffic is the act of intercepting and monitoring internet traffic on a network. VPN’s do not protect you at the endpoint, which would be the link you click. Cybercriminals often use fake links to steal personal information, so only click on links from trusted sources. An example of a common scam can be viewed below. Notice how the URL is not that of an official branded entity.
Robust Passwords: The creation of robust, unique passwords (involving a combination of letters, numbers, and symbols), regularly updating these passwords, and avoiding reuse of such passwords across platforms can help further bolster account security.
Impostor Scam Precaution: Impostor scams are becoming increasingly common, with fraudsters and bad actors posing as reputable companies to trick users into sharing personal information including passwords, account numbers, and banking details. To protect yourself, be vigilant when checking email addresses and website URLs, and avoid providing sensitive information over the phone unless you’re certain you’re speaking with a legitimate organization. Remember, most financial institutions will rarely if ever ask for your password or account number via email. Oftentimes, cybercriminals create emails or websites that appear to be reputable and legitimate companies, but in actuality are fake. You may be prompted to provide account information, like your email, password, or account number. But these fake emails and websites may simply steal your information.
Monitor Your Accounts: Regularly review your account activity and set up alerts for any unusual transactions or changes. This proactive approach can help you identify potential security issues early on and take necessary action.
Software Updates: Regularly install the latest software updates for your devices to protect against malware and online threats. These updates often address critical security vulnerabilities, enhancing your device’s protection.
WisdomTree Prime aims to deliver a secure experience for all of our users. Trust in our platform is built on our unwavering commitment to protecting user data and adhering to applicable law or regulation and industry best practices.
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