Is Beam Wallet safe?

Could you please elaborate on the safety aspects of Beam Wallet? I'm considering using it for my cryptocurrency transactions, but I'm concerned about its security measures. What kind of encryption does it use to protect user funds? Are there any known vulnerabilities or hacks that have occurred in the past? How does Beam Wallet handle private keys and ensure their safety? Additionally, what steps does the wallet take to prevent fraud and unauthorized access? Thank you for your insights.