Is MEGA a legit company?

I'm curious to know if MEGA can be considered a legitimate company in the industry. With the rise of data breaches and cyber threats, users are increasingly concerned about the security of their personal information and files. Does MEGA have a solid track record in terms of data protection and encryption? Are there any reported instances of security breaches or vulnerabilities that have impacted user data? Additionally, what measures does the company take to ensure the privacy and confidentiality of its users' information? I would appreciate a comprehensive assessment of MEGA's legitimacy and reliability in the market.