What best practices do you use in terms of Data Security? Do you implement HTTPS on the platform?

In MagicBoxTM, we are using AES 256 encrypting for content encryption.

AES (acronym of Advanced Encryption Standard) is a symmetric encryption algorithm.

AES was designed to be efficient in both hardware and software, and supports a block length of 128 bits and key lengths of 128, 192, and 256 bits.

The Advanced Encryption Standard (AES) is an encryption algorithm for securing sensitive but unclassified material. All the critical data can be passed over HTTPS. You will have to purchase the SSL certificate for your respective domain.