How We Work to Keep Your Information Safe and Secure

May 22nd, 2009 | Filed under: Security, Tech Updates

Protecting your sensitive financial information and making you feel confident using our service is the most important thing we do at Cake Financial. As the VP of Engineering, I want to take this opportunity to give you an overview of our security polices at Cake and to tell you specifically how we keep your information safe and secure.

We want to make it as easy as possible for you to have access to your brokerage and retirement accounts and to help you with your retirement planning. Our technology must to do all of this while also safeguarding your information - such as the value of your investments or your salary - and ensuring that no one other than you has access to it.

The team here at Cake has extensive experience working at large financial services companies designing and building systems that have successfully protected you as you have paid your bills online, used your credit cards at large e-commerce sites, and traded stocks at your online brokerage firm. We have applied what we learned and practiced at these companies to create a service that is as safe and as secure as the bank you use - but more accessible and user-friendly.

Here are some of the most important policies that we employ to keep your information safe:

1) We do not share your brokerage and retirement account information with anyone else

We have built our own data import and account aggregation service to make sure that your data is never shared with any third party. Our aggregation platform is state of the art and one that we are very proud of.

2) We security classify every piece of personal information and treat it accordingly

The security classification is used both to determine what data we show to our users when and how we manage that data internally. What this means to you as a user is that you will for example never receive an email from us that contains the value of your investments and we restrict the amount of information you can see on our website without logging in.

3) We follow security best practices employed by the banking and brokerage firms you already use

Best practices are a big deal when it comes to security as the field is constantly evolving. We employ the same type of processes as other, much bigger, financial institutions do. Our security best practices include such things as encrypting sensitive data at rest and and help us building our infrastructure to be as secure as possible.

I appreciate your concerns around the security of your information. I take my responsibility in this area very seriously and I do everything I can to ensure that you are safe at Cake. If you have further questions about our security policies, or anything else for that matter, please feel free to send us an email at service@cakefinancial.com. You can also read more about our security work in a previous blog post that you can find here.

Sven Junkergård
VP, Engineering at Cake