BROKERS NEWS

Libertex, one of the leading online brokers, has earned a reputation for employing latest-generation security protocols

In the era of digital first, where email communication is the standard, cybersecurity is no longer a must-have, it’s a given. According to a report conducted by US telecom company Verizon, email is the most common vehicle for malware transmission. 

Alarmingly, 95% of businesses reported email security breaches in 2023, with compromised business emails accounting for losses in excess of $2.9 billion. What’s even more alarming is that the cost of data breaches around the world, whether by email or otherwise, continued to rise, reaching a staggering $4.88 million per incident in 2024, an IBM study shows.

While data violation is a risk that every business is exposed to, financial service providers are among the most vulnerable players. Cybersecurity firm Sky High Security noted that 78% of financial institutions globally experienced last year.

Libertex, acknowledges the importance of cybersecurity in the context of a continuously evolving digital world. The broker implements state-of-the-art cybersecurity protocols and defence technologies to protect traders’ sensitive data and trading activities. 

Placing clients first, Libertex has adopted a multi-layered approach to data protection, which is centred on three pillars: Prevention, Detection, and Warning. Employing advanced encryption technologies and DDoS (Distributed Denial of Service) protocols, the broker blocks any unauthorised access to critical platform data or essential information related to traders’ activities.

Prevention, the best policy

With a commitment to security that stopped being just a feature but rather a core principle, Libertex has built its infrastructure to withstand even sophisticated cyberthreats that are not easily detectable. 

Its firewalls can prevent a variety of such attacks that use different techniques to either flood the broker’s servers with illegitimate traffic or create a denial of service by overloading its server and network with a high volume of legitimate-seeming HTTP requests. 

Highly adaptable and versatile, Libertex’s firewalls use multiple methods and tools to ensure maximum uptime without any dysfunctionalities, even during a potential attack, such as:

• Web Application Firewall (WAF): Our WAF employs customizable rules to filter and monitor HTTP traffic, effectively blocking malicious requests and ensuring secure web application performance.
• Rate Limiting: Implemented to prevent abuse, rate limiting controls the number of requests a user can make in a given timeframe, safeguarding against potential bot attacks.
• Bot Detection: Advanced algorithms identify and mitigate automated threats, ensuring that only legitimate traffic accesses our resources.
• Content Delivery Network (CDN): By leveraging a CDN, we distribute content globally, enhancing performance while providing an additional layer of security against DDoS attacks.
• Load Balancing: Optimizes resource use and ensures high availability by distributing traffic evenly across servers to prevent overload.
• Automated Web Application Scanning: Regular scans of our web applications proactively identify vulnerabilities, ensuring adherence to security standards.
• Incident Response: Our dedicated incident response team is trained to swiftly manage and mitigate any security breaches, minimizing impact and restoring operations promptly.
• Anomaly Detection: Continuous monitoring of network activity helps rapidly identify suspicious behavior and potential breaches.
• Security Monitoring: With 24/7 security monitoring, we analyze logs and network traffic in real-time, enabling us to respond to threats as they arise and maintain system integrity
• External Penetration Testing: Thorough external penetration testing simulates real-world attacks, allowing us to strengthen our perimeter defenses.
• Data Loss Prevention (DLP): Monitoring and controlling data transfers prevent unauthorized access, ensuring sensitive information remains protected.
• Real-time, Adaptive Threat Monitoring: Tracking and analyzing potential threats by identifying specific network traffic patterns, spikes in traffic, and other suspicious activity.
• Always-on DDoS Mitigation: All network traffic is analyzed and verified 24/7 to adapt responses to emerging attack patterns.

These measures are combined with sophisticated encryption algorithms, which help secure any data transfer between the platform users and Libertex’s servers located in ultra-secure data centres around the world.

In addition to this solid cyberattack prevention policy, Libertex adheres to an equally strong fraud detection and prevention best practice by educating traders about potential risks and scams. Detailed guidelines on how to identify and avoid fraud are available on the dedicated Fraud Warning page on the broker’s website. 

Secure deposits and withdrawals

Secure payments and a seamless payment experience are instrumental to trading. As one of the industry leaders, backed by its parent group’s (Libertex Group) with 25+ years of experience, Libertex understands the importance of allowing traders both the flexibility to use their preferred payment methods to deposit and withdraw funds and peace of mind with every transaction, knowing that their capital and data are protected. 

Observing the latest PCI compliance norms regarding international transactions, the broker supports a range of verified payment options, providing a secure payment experience. Traders can choose from credit/debit cards, bank transfer, and digital wallets, all of which are backed by rigorous security protocols.

Secure payment gateways and two-factor authentication (2FA) are the backbone of Libertex’s data security procedures, minimising the risk of unauthorised access to their data and funds.

Supporting traders with exclusive market insights

Beyond technology and advanced data security protocols, Libertex provides comprehensive market insights, allowing traders to navigate volatile times with confidence.

With seamless access to real-time data and expert analyses via a secure and reliable trading platform, traders can make better-informed decisions and react to market shifts. This blend of security and education gives traders the ability to easily adapt their strategies to new trends - as they arise, and build balanced portfolios.

About Libertex

Part of the Libertex Group, Libertex is an online broker offering tradable CFDs with underlying assets being commodities, Forex, ETFs, cryptocurrencies, and others. Libertex also offers investments in real stocks.

Over the years, Libertex has received multiple prestigious awards and recognitions, including “Global CFD Broker of the Year” (PAN Finance, 2024), “Most Trusted Broker” (European CEO, 2024) and “Best Trading Experience” (Ultimate Fintech, 2023). Libertex is the Official Online Trading Partner of FC Bayern, in what has become a dynamic and exciting partnership.

Since being founded in 1997, the Libertex Group has grown into a robust fintech powerhouse, with an established presence in various jurisdictions, serving millions of clients from several countries all over the world.

In Europe the Libertex trading platform is operated by Indication Investments Ltd., a Cyprus Investment Firm regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with CIF License number 164/12.

For more information about Libertex visit www.libertex.com