FinTech and System Vulnerabilities

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elliott davis

CEO and executive management asked Elliott Davis to help answer: “Would you help us identify areas of potential vulnerability within our systems?”

Context

A fintech company that makes philanthropy as easy as online banking
Needed to identify vulnerabilities and ensure on an ongoing basis that their web application and payment system cyber controls were consistently working.
Wanted an expert review and analysis of their current Disaster Recovery Plan (DRP)/Business Continuity Plan (BCP)

Our Approach

Penetration Testing:

Performed web application penetration test of payment system
Analyzed the web frontend infrastructure for any configuration issues
Completed detailed testing of application using custom tools, scripts, and methodology
Attempted to compromise backend database and systems

DRP/BCP Analysis:

Reviewed org charts, recovery plan structure, coordinator list, impact analysis, risk assessment, and training program
Reviewed critical DRP/BCP vendor contracts and attestation reports
Delivered report of observations and full-scale simulation test

Customer Results

Received report of security vulnerabilities and recommendations to improve the overall security
Penetration testing identified what an attacker could do in the ‘real world’
Developed understanding of current cyber risks associated with cyber-attacks, data breaches, and other internal and external threats
Amended previous DRP/BCP plan to confirm corrective controls are in place to protect business

We Can Help

For more information on this and other topics, contact a member of our team.

The information provided in this communication is of a general nature and should not be considered professional advice. You should not act upon the information provided without obtaining specific professional advice. The information above is subject to change.