Background Cases

Cybersecurity for FinTech – Cryptocurrency Exchange

InDevLab Cyber Security Audit. Experience with products and companies in FinTech field

A medium-sized FinTech company from the US was preparing to launch their new service. It was a cruptocurrency platfrom with buying and selling functions.
But with a growing range of platforms, risks grow as well.
Their senior management wanted “bulletproof” cyber security for their clients. And investors.

Solution

A complete Cyber Security audit was conducted by InDevLabs, including:

– Vulnerability to DDoS attacks;
– Resistance to external cyber attacks and penetration testing;
– Infrastructure resilience and functionality;
– Quality of Code audit;
– Technical Documentation;
– The existing law and access policy;
and lots more.

Results

As a result of the audit conducted by InDevLab specialists, the company's management saw the strengths and weaknesses in its developed product.

Based on the results of InDevLab's audit and after the recommendations received, the company's management decided on additional stages of development, reorganization of work processes. Also, the product management decided to postpone the launch of the product to achieve the necessary indicators for its further security and resistance to cyber threats.

Following the recommendations of InDevLab, the product management was able to prevent reputational and financial losses.
Due to the nature of cryptocurrencies and financial technologies, potential losses could cost the company hundreds of millions of dollars.

Why InDevLab

+46(0)8-20-20-09

11442, Sweden, Stockholm, Östermalmtorg 1

info@indevlab.com