Birkirkara, Malta — March 4, 2022 — Covery, Malta-based risk management and fraud prevention platform, has received an EU GDPR compliance certificate within the “Risk management and payment processing platforms for government-regulated financial institutions and any other online businesses” scope. This means that Covery has proven it meets all the General Data Protection Regulation requirements.
This is the next step after obtaining ISO 27001 certification earlier this year, and proof of the company’s ongoing effort to ensure maximum customer data security. In particular. GDPR compliance grants customers have much more control over how their data is being collected, stored, processed, and deleted if need be.
“Covery customers can rest assured they are in charge of their data. We invested a lot of effort to scrutinize and optimize our internal cybersecurity procedures, workflows and standards to meet all the ISO 27001 and GDRP requirements” — said Alex Khelemskiy, Covery CTO.
While achieving GDPR compliance took some time and resources, it definitely is a win-win for all the parties involved. The Covery platform is now better protected from cyber-threats and fraud, while Covery customers can be sure their data is stored securely and can be transferred to another service provider or erased on their first request. This is definitely a step in the right direction, as continuously raising the bar in data security makes Covery a more trustworthy and reliable partner.
Covery platform was created in 2016 as a risk mitigation and fraud prevention service for Maxpay Limited. It is a separate product that provides the full scope of risk management, chargeback prevention, anti-fraud protection, and KYC automation services for external clients. Covery provides a powerful risk logic engine with configurable rules for 23 industries, has helped customers prevent more than 400 million risky actions, and analyzed above 5 billion transactions to date.