NovoFX uses a number of security mechanisms to increase your security to prevent identity theft and other online fraud threats. Your security is our number-one priority, which is why we have a number of systems in place to ensure that your risk of being defrauded is reduced. These include the following:
• Multiple firewalls: NovoFX makes use of multiple firewalls to ensure that only clients with valid access credentials can access the service.
• Advanced encryption software: We use the most advanced internationally accepted standards of encryption technology when transmitting your data from the app to the bank.
• App timeout and automatic logout: If you have logged into NovoFX and there is no activity or the app goes to the background, you will be automatically logged out and will have to sign in to continue.
• One-time verification passwords: When registering on the NovoFX application, creating a new beneficiary or editing an existing beneficiary, a special one-time password, called a one-time PIN (OTP), will be sent to your cellphone. You must type this into the indicated field for verification. This PIN can only be used once.