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How Pearler keeps your data safe

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10 October 2022

2 min read

We’ve had a few questions from our community since the Optus hack, and even though we haven’t been impacted, we wanted to reassure and confirm a few things in one spot.

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Hayden Smith
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We can’t comment on the specifics of what happened at Optus, nor how it may have impacted Optus customers. However, we can again confirm that Pearler's platform hasn't been impacted by the Optus breach.

At Pearler, we also make data security best practice a core part of our business. We achieve this by:

  • Requiring proof of physical ID for many sensitive actions as well as 2FA, advanced biometrics, and email confirmation as appropriate.

  • Continuously monitoring via both automated systems and human observation for any behaviour that may be fraudulent or otherwise suspicious.

  • Working with external partners to ensure we retain as little customer data as necessary. In fact, Pearler doesn’t retain copies of any of the KYC documents you use to verify yourself. Similarly, we never sell any of your data to any third party, or share it without your express consent.

For more detailed info on Pearler's security measures, check out our article: How Pearler manages security.

If you’d like to feel as secure as possible (not just on Pearler, but on any platform), you can take the following steps:

  • Use complex passwords that combine uppercase and lowercase; letters and numbers; and symbols.
  • Changing your passwords regularly.
  • Use authenticator apps instead of SMS for two-factor authentication.

We hope this provides clarity around your concerns. If you have any queries, please contact us at any time at hello@pearler.com

Author Profile Picture

Written by

Hayden Smith

Hayden Smith is the co-founder and Chief Technology Officer at Pearler. A veteran software engineer, Hayden has worked at Microsoft and Dolby, and worked as a Computer Science lecturer at UNSW since 2013. Hayden was also the team manager responsible for building Australia's first road legal solar car: the Sunswift. While Hayden didn't come to investing until his 20s, he has since become a fanatic for all things ETF (exchange-traded fund). He is also famous within the Australian long-term investing community for his frugal lifestyle. Along with Dave Gow from Strong Money Australia, Hayden co-hosts the Aussie FIRE podcast. He is a native of Ballina on NSW's far north coast, and currently calls Sydney home. To contact Hayden, drop him an email at hayden@team.pearler.com

All figures and data in this article were accurate at the time it was published. That said, financial markets, economic conditions and government policies can change quickly, so it's a good idea to double-check the latest info before making any decisions.

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