Is BitPay safe?

I'm curious to know if BitPay is a secure and trustworthy payment processor for cryptocurrency transactions. As a user, I want to ensure that my funds are protected from potential fraud or security breaches. Can you elaborate on the measures BitPay has in place to safeguard user data and transactions, and how they ensure the safety of their platform? Additionally, are there any known security incidents involving BitPay that I should be aware of?