We are not a bank, which means we don't have an intrinsic safety net such as FDIC insurance that cleans up the mess if everything goes bad. We are, however a regulated financial institution, called  a Money Service Business (MSB), and are legally required to follow certain customer protection rules.

We take the security of your financial data extremely seriously, which is why we've invested in obtaining rigorous security certifications. Our SOC2 Type I certification demonstrates that our security controls and processes are well-designed to protect your sensitive information. We have also completed our PCI-SAQ, ensuring we follow strict payment card industry requirements for handling credit card data, protecting you from fraud and unauthorized access.

We are currently in the process of obtaining SOC2 Type II attestation and ISO 27001 certification. The SOC2 Type II will validate that our security controls work effectively over time (minimum 6 months), while ISO 27001, one of the most comprehensive international security standards, will confirm we have 
a robust information security management system covering everything from risk assessment to incident response. We have completed the audits for both and are awaiting the formal attestation and certification.

Even with our current certifications, you can be confident that:

• Your data is encrypted and protected using industry-leading standards

• We regularly test and update our security measures

• Our employees follow strict security protocols when handling your information

• Independent auditors verify our security practices

• We have comprehensive incident response plans in place

In practical terms, this means you can trust UGLYCASH to handle your financial information with the same level of security as major financial institutions, backed by rigorous third-party verification of our security practices.