How safe is Bifrost Wallet?

Could you elaborate on the safety measures employed by the Bifrost Wallet and how secure it is for users? Are there any known vulnerabilities or security breaches associated with this wallet? What kind of encryption does it utilize to protect users' funds? Does it have multi-signature or two-factor authentication features? Are there any reviews or testimonials from users regarding its safety? Furthermore, does it comply with industry-standard security practices and is it regularly audited for vulnerabilities? Finally, are there any plans for future updates or improvements to its security measures?