Penetration testing for fintech

It's no secret that financial organizations such as banks, payment providers, and fintech companies face serious cybersecurity challenges. Financial services businesses need to defend new platforms against malicious hackers, safeguard customer personal and financial information that may be valuable in the cybercrime underground, and comply with numerous financial sector regulations and internal audits.

Fintech penetration testing is a targeted cybersecurity assessment tailored to the financial technology sector. Given the sensitive nature of financial data, fintech platforms are attractive targets for cybercriminals. This assessment involves simulating real-world cyber-attacks on fintech systems, such as digital wallets, online banking portals, and trading platforms, to uncover vulnerabilities. The objective is to identify security flaws in payment gateways, transaction processes, data storage, and other critical fintech components. By conducting fintech penetration tests, financial institutions can bolster their defenses, ensure regulatory compliance, and build trust among their user base, safeguarding both assets and reputations.

Here at Blaze, we have extensive experience working with fintechs, challenger banks and payment providers, and count with a world top 10 fintech unicorn in our customer portfolio.

Secure your fintech's web-based SaaS platforms, APIs, mobile apps, and cloud infrastructure today.

Fintech penetration testing / Fintech security assessments

Our pentest offer for fintech includes the following services, which can be hired individually or separately:

• Web application penetration testing
• Open banking and API security testing (REST, GraphQL, SOAP)
• Mobile app pentesting (iOS and Android)
• AWS penetration test and security review
• Kubernetes security audits
• Pentesting for point-of-sales payment devices, including mobile POSes

Blaze provides fintech, and financial companies with pentesting assessments performed manually, augmented by automated scanners and custom tools. We follow top industry methodologies such as OWASP Top 10, OWASP ASVS, OSSTMM, and PTES to ensure an in-depth review of the security controls of your platforms and place particular focus on specific issues affecting business logic.

Fintech pentest assessment identifies risks and security vulnerabilities in your fintech's web applications, open banking APIs, mobile apps, cloud environments, and more, with the necessary recommendations to remediate and fix the issues. The average penetration testing time is between 5 to 30 days, depending on the complexity of the scope of work.

Secure your fintech

Deliverables

You will receive a detailed report listing all the vulnerabilities and risks from the perspective of a motivated and capable adversary, alongside countermeasures to remediate the issues.

The report includes the following:

• Executive summary where the issues, attack scenarios, and business impact are explained in a non-technical language
• A detailed description of the vulnerabilities, demonstration of attack scenarios, and suggestions for fixing the issues
• A remediation prioritization matrix, helping your team to prioritize fixes and decrease risks to the environment

Reports are usually delivered within five business days from the completion of the security assessment. Retesting is free if performed within 90 days from the delivery of the final report.

The reports can be used for vendor risk assessments, and compliance audits frequently requiring penetration testing, such as SOC 2, ISO 27001, PCI-DSS, SWIFT CSP, GDPR, and others.

Contact us

Contact us to build a custom quote for your fintech security needs. Prices starting at $7,500. We offer special discounts for early-stage startups and small businesses.

Request a pentest: https://www.blazeinfosec.com/penetration-test-quote-form

Email: sales@blazeinfosec.com

Phone: +1 347 892 4783 (US/Canada)

Phone: +351 222 081 647 (international)

Our services are insured worldwide by Hiscox with a professional liability (E&O) cover of $5,000,000. Blaze is an ISO 27001 and ISO 9001 certified company.