Data Security Policy

Data Security Policy

The data assets of Prospect Magnetic are safeguarded by implemented policies and procedures, which may include your personal information. Access to data is limited to certified staff with legitimate business needs. We ensure that our business partners have appropriate security measures in place for secure data transfer. We use security measures that are commercially acceptable and compatible with industry standards to protect personal data from unauthorized access and disclosure, in line with our company operations. Our security measures include technical, physical, and administrative protections.

All employees at Prospect Magnetic are required to undergo privacy and security training. Prospect Magnetic also utilizes a third-party service provider to ensure that our suppliers have proper data collection, processing, transmission, management, and security measures in place when providing services on our behalf. We cannot assure or pledge the security of any information you provide to us, and you acknowledge and agree that you are assuming the risk by providing this information and engaging in such transmissions.

After your information is received, we will do our best to ensure its security on our systems. Prospect Magnetic has established rules and procedures to securely manage data and safeguard it from unauthorized access. We regularly assess our data privacy, information assurance, and data security standards. This is achieved through the following methods:

  • Limiting the information accessible to employees
  • Safeguarding user information from unauthorized access by utilizing data encryption, authentication, and virus detection technology, when necessary
  • Creating successful policies and procedures to securely manage information
  • Making sure that the service providers we work with comply with relevant data privacy laws and regulations
  • We are monitoring our websites with the help of reputable online security organizations
  • Performing background checks on employees and communicating with our team about data privacy
  • We are continuously assessing our policies and procedures related to data privacy, information management, and data security

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