🏧Data Privacy & Security
In the digital age, especially within the blockchain and cryptocurrency sectors, data privacy and protection are paramount. Laika AI is committed to maintaining the highest standards of data security and privacy, ensuring that our users' information is handled with the utmost care and respect.
Data Collection and Usage:
Types of Data Collected:
Personal Information: Includes names, email addresses, and transactional data.
Usage Data: Encompasses user interactions with the platform, including preferences and settings.
Transactional Data: Details of cryptocurrency transactions and wallet information.
Purpose of Data Collection:
To provide personalized services and recommendations.
To enhance security and identify potential fraudulent activities.
For continuous improvement of our AI algorithms and user experience.
User Consent and Control:
Informed Consent: Users are informed about the types of data collected and its intended use, ensuring transparency.
Opt-Out Options: Users have the ability to opt-out of non-essential data collection.
Data Access and Correction: Users can access their data and request corrections or deletions.
Data Storage and Security:
Encryption: All data, both in transit and at rest, is encrypted using advanced encryption standards.
Secure Storage: Utilizing MongoDB Atlas’s secure cloud storage solutions, ensuring data is protected against unauthorized access and breaches.
Regular Audits: Conducting regular security audits and compliance checks to identify and rectify potential vulnerabilities.
Compliance with Regulations:
GDPR Compliance: Adhering to the General Data Protection Regulation for users in the European Union.
KYC and AML Compliance: Following Know Your Customer (KYC) and Anti-Money Laundering (AML) guidelines to prevent illicit activities.
Regular Legal Reviews: Ensuring ongoing compliance with evolving global data protection laws.
Data Sharing and Third-Party Access:
Limited Sharing: Data is only shared with third parties when necessary and under strict contractual terms to ensure security and privacy.
No Selling of Data: Laika AI does not sell user data to third parties.
Third-Party Vetting: Rigorous vetting of any third-party service providers for compliance with our data privacy standards.
User Education and Transparency:
Privacy Policy: A comprehensive privacy policy is available to all users, detailing our data handling practices.
User Education: Providing resources and guidelines to users on how to protect their personal data and digital assets.
Breach Response Protocol:
In the unlikely event of a data breach, Laika AI has a robust response protocol in place, including timely notification to affected users and relevant authorities, and immediate measures to contain and remedy the situation.
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