How trusted is Luno?

I'm curious about the level of trustworthiness associated with Luno. Could you provide some insight into their reputation in the cryptocurrency industry? Are there any notable security measures or regulatory compliance measures that they have in place to protect user funds and data? Additionally, have there been any instances of fraud, scams, or security breaches reported with Luno in the past? Understanding these factors would help me make a more informed decision about using their services.