Security | Payric Financial Technologies

Our Security Approach

Built with security as a fundamental principle, not an afterthought.

Data Encryption

All financial data is encrypted both in transit (using TLS 1.3) and at rest. We use strong encryption standards to protect your sensitive information.

TLS 1.3 for data in transit
AES-256 encryption at rest
Encrypted database storage

Access Control

Multi-factor authentication and role-based access controls ensure that only authorized personnel can access sensitive financial data.

Multi-factor authentication
Role-based permissions
Session timeout controls

Secure Infrastructure

Built on secure cloud infrastructure with regular security updates, intrusion detection, and DDoS protection.

Regular security patches
Intrusion detection
DDoS mitigation

Activity Monitoring

Comprehensive logging and monitoring of all system activities with real-time alerts for suspicious behavior.

Audit trail logging
Real-time monitoring
Suspicious activity alerts

Data Protection

Regular automated backups, data integrity checks, and secure data disposal procedures.

Automated daily backups
Data integrity verification
Secure deletion procedures

Human Security

Security awareness practices and strict access controls for development and operational environments.

Principle of least privilege
Secure development practices
Regular security reviews

Security Architecture

Multiple layers of protection for your financial data.

Network & Application Layer

External protection and application security

Web Application Firewall

Protects against web-based attacks

DDoS Protection

Mitigates distributed denial of service attacks

TLS/SSL Encryption

Secures data in transit

Access & Authentication Layer

Controls who can access the system

Multi-Factor Authentication

Requires multiple verification methods

Role-Based Access Control

Limits access based on user roles

Session Management

Controls user session security

Data Protection Layer

Secures stored financial data

Database Encryption

Encrypts all sensitive data at rest

Regular Backups

Automated daily data backups

Data Integrity Checks

Verifies data hasn't been tampered with

Monitoring & Response Layer

Continuous security monitoring

Activity Logging

Comprehensive audit trails

Real-time Alerts

Immediate notification of issues

Incident Response

Procedures for security incidents

Security Practices & Guidelines

Following industry best practices for financial data protection.

Security First Development

Security considerations are integrated into every stage of development, from design through deployment.

Regular Security Updates

Frequent security patches and updates to address emerging threats and vulnerabilities.

Security Reviews

Regular code reviews and security assessments to identify and address potential vulnerabilities.

Security Documentation

Comprehensive security policies and procedures documented and regularly updated.

Built for Nigerian Business Security

Payric is developed with an understanding of Nigeria's specific security landscape and business environment, implementing appropriate safeguards for local conditions.

Security Questions & Answers

Common questions about Payric's security measures.

Where is my financial data stored?

Your financial data is stored on secure cloud infrastructure with multiple layers of protection. All data is encrypted at rest using industry-standard encryption protocols. We use geographically redundant storage to ensure data availability while maintaining security.

How do you protect against unauthorized access?

We implement multiple layers of access control including:

Multi-factor authentication for all accounts
Role-based access controls limiting what users can see and do
Session timeouts and IP-based access restrictions
Comprehensive audit logging of all access attempts

What happens if there's a security incident?

We have established incident response procedures that include:

Immediate investigation and containment
Assessment of impact and scope
Notification to affected users as appropriate
Implementation of corrective measures
Post-incident review and improvement of security measures

How often do you perform security updates?

Security is an ongoing process. We:

Apply security patches promptly as they become available
Perform regular security assessments and penetration testing
Monitor for emerging threats and adjust security measures accordingly
Conduct regular code reviews with security in mind

Can I export my data if I want to leave?

Yes, you maintain ownership of your data. We provide:

Data export functionality for your financial records
Standard formats (CSV, Excel) for easy migration
Assistance with data migration if needed
Secure data deletion procedures upon account closure

How do you handle Nigerian banking integration security?

For Nigerian bank integrations, we implement:

Secure API connections using bank-approved methods
Read-only access where possible (no transaction initiation without explicit user approval)
Token-based authentication that doesn't store bank credentials
Regular security reviews of integration methods
Monitoring for unusual banking activity patterns

Security at Payric