Contingency Plan And Funds Recovery
For Clients Of Cryptoplux Services
The following is a general description of plans in place at Cryptoplux to maintain investment continuity in the event that operations are disrupted for any reason.
Contingency Plan At Cryptoplux
Cryptoplux’s goal is to provide excellent investment management services to help its clients create wealth. So it is critical that we plan carefully and methodically to ensure a quick and smooth recovery in the event of a disaster or emergency. To each investor, Cryptoplux has a company-wide commitment, including the investment of significant resources, to ensure that your funds are safe and that our service to you continues without interruption.
Our approach to contingency planning is simple. We think of our company as a chain in which each link is a component of our operation, people, facilities, investment processes, infrastructure, and information. Each link is equally important and must be accounted for and tested as part of an overall investment-continuity program.
To accomplish this, we have established a Contingency Council to oversee key initiatives, dedicated to coordinating the planning, development, testing, and execution of contingency plans.
Cryptoplux’s investment contingency plan provides for the recovery and restoration of all critical operations. Our process consists of three major components: detailed, funds recovery policy; data security and recovery; and business contingency tests.
Funds recovery policy.
Cryptocurrencies held by Cryptoplux is fully backed by a robust contingency structure. The fund's recovery policy covers any losses resulting from a breach of Cryptoplux’s physical security, cyber security, or by employee theft. This policy does not cover any losses resulting from the compromise of your Cryptoplux account. It is your responsibility to use a strong password and maintain control of all login credentials you use to access Cryptoplux.
Data security and recovery.
Data security is, of course, a top priority. To mitigate computer virus attacks and other acts of cyberterrorism, we have implemented controls monitored by a dedicated team of information security specialists. We also maintain a network of systems to ensure that all source data are recoverable in a disaster.
Business contingency tests.
All contingency plans undergo rigorous testing, ranging from comprehensive evaluations of a variety of emergency scenarios to full-scale drills. In addition, our Information Technology division frequently performs disaster recovery tests to gauge how quickly we can regain our systems in the event of an emergency.
In addition to regular planning and testing, Cryptoplux uses several routine strategies to ensure flexibility and resiliency in our operations.
And, should events warrant, Cryptoplux’s Contingency and Public Relations Council are prepared to meet to determine what type of communication is necessary and to create appropriate messages.