Securing Bank Application with Vulnerability Assessment and Penetration Testing
SNAPSHOT
Our client, a fast-growing finance bank, endeavoured to scale their products and operations but was unsure of the need gaps that needed to be filled and the accurate measures to take for compliance. They required the right tools to outpace a competitive industry without compromising their customers’ data and security.
BUSINESS ISSUE
Our client needed experts for a strategic assessment of their system – vulnerabilities and strength – and advice on the best way to secure their applications and integration points across their digital services. With a lack of robust security measures, they experienced increasing time-to-market for their products, making it challenging to stay ahead of the curve.
They also, subsequently, ran into innumerable compliance and risk issues. These issues led them to the threshold of losing their clients because even a minor security breach for a bank can cause chaos.
THE ASPL INFO SOLUTION
We stepped in to conduct a complete vulnerability assessment and penetration testing and provide solution-oriented advice. We followed industry best practices and time-tested frameworks to build a thorough report. That included:
- Adherence to RBI’s policy standards (PCI DSS) and vulnerability identification from communities like OWASP
- A template-driven approach for an exhaustive range of regulations for the BSFI industry and efficient assessment
Static and dynamic testing across every integration touchpoint for each application, including black box and grey box methodologies - Actionable insights based on industry best practices for mobile applications and trading platforms.
IMPACT
We were able to identify and solve over 70 vulnerabilities with their mobile application and trading platform. The vulnerabilities included:
- Unsecured Data Storage
- Ineffective Communication
- Inefficient Authorization
- Inadequate Authentication
- Reverse Engineering Solutions
We helped the client fix these vulnerabilities and provided a complete report on the assessment and testing.