It’s estimated that global crypto companies lost a hefty sum of $1.3 billion as a result of hackers’ wrongdoings in the first quarter of 2022. The worst-case scenario is that this sum may increase with the rising number of cyberattacks. Few companies in the industry so vulnerable to cybercrime can boast zero-incident safety, and Mënz Prêt is one of such companies.
To enhance its hardline security measures and make them even more efficient, CoinLoan has partnered with Blaze Informatiounssécherheet, a provider of financial cybersecurity solutions that has earned wide recognition across the globe. Blaze helps companies improve their resilience against cyberattacks by analyzing and testing current security configurations, finding any vulnerabilities, and offering better settings to eliminate them. Besides CoinLoan, customers of Blaze are top banking institutions, FinTech companies, and crypto projects. This cooperation is intended to ensure the uncompromised safety of CoinLoan customers’ funds and create the crypto app immune to any types of attacks.
As part of 15-day testing of CoinLoan’s security system, Blaze launched several targeted attacks on its platforms, thus showing the maximum negative impact there can be. The results were remarkable, as Blaze noted CoinLoan’s top-notch security measures and deep awareness of any possible threats, which helped the crypto company to tackle every issue in merely two hours.
Blaze conducted the security testing based on standard awareness documents for developers and web application security including OWASP Top 10, OWASP Top 10 Mobile, and OWASP API Security Top 10. Additionally, it applied advanced testing methodology elaborated through the years of its experience in cybersecurity. As a result, Blaze assessed the chances of CoinLoan facing any issues concerning the following aspects:
- Business Logik Problemer
- Race Konditiounen
- Währung Ronn Manipulatioun
- Finanzbedruch Szenarie
- KYC Ëmgank
- Daten Leckage
Later on, the Blaze team collaborated with CoinLoan experts in order to find any loopholes in the security system. Once again, the CoinLoan team has proved to be true professionals, having dealt with all issues smoothly.
CoinLoan CTO Max Sapelov commented on the cooperation: “While CoinLoan’s security experts regularly perform internal security audits and code reviews and our Bug Bounty program lets white-hat hackers test our system for bugs and vulnerabilities, we believe that every company that puts the highest priority on security must undergo penetration testing by a professional third-party auditing company. We chose Blaze because they have the experience and know-how needed to test specific factors unique to the crypto sphere.”
"An de leschte sechs Joer mat Finanzinstituter ze schaffen, hu mir erfollegräich iwwer 1,500 Pénétratiounstestprojeten ofgeschloss", sot de Julio Cesar Fort, de Managing Partner & Direkter vu Professionelle Servicer, "An där Zäit hu mir multinational Banke mat onerwaarten Zuelen gesinn. Cybersecurity Themen, a Krypto-Firmen déi kämpfen uewen um eropgaange Stroum vu Krypto-verbonne Cyberkriminalitéit ze bleiwen. Eist Team war ganz beandrockt mat den initialen Sécherheetsnormen vun CoinLoan, a mir sinn houfreg hinnen gehollef ze hunn dës Standarden weider ze stäerken an hir Clienten en transparente Bléck op d'Schrëtt ze ginn, déi se huelen fir hir Investitiounen sécher ze halen.
The importance of maintaining uncompromised cybersecurity is beyond any doubt nowadays. Members of the crypto community should be alert to all changes in this field. A good way to achieve the highest security standards is to let cybersecurity professionals do their job. An efficient security system should never be kept idle, it should be regularly challenged and tested in order to be able to faultlessly repel any kind of an attack.
Editorial Kontakter:
John Norris / Emma Dodds
Moonlight IQ
Email: [Email geschützt]
Telefon: + 44 (0) 20 7250 4770
Iwwer CoinLoan
CoinLoan is an EU-licensed crypto business that started as a project in 2017. Its platform offers Instant Loans against crypto assets, Interest accounts in crypto, and Crypto Exchange. These services are rendered both to individuals and corporate entities with the exceptions as required by the applicable laws. We provide all our clients with the highest security standards and assets insurance, enabling them to benefit from the highest levels of protection.
Seng héich kompetitiv Prêt an APY Tariffer, transparent Präisser, an 24/7 mënschlech Client Ënnerstëtzung Service hunn zu héich Client Retention an Zefriddenheet gefouert. D'Plattform vun CoinLoan erlaabt Iech eng ëmfaassend a wuessend Palette vu Krypto-Währungen auszetauschen an ze managen, dorënner seng gebierteg Token a Fiat-Währungen.
D'Firma konzentréiert sech op kontinuéierlech Innovatioun duerch modernste Technologie a Partnerschaften, bréngt Clienten konstant Verbesserungen a Méiglechkeeten an der Krypto Welt.
Fir méi Informatiounen, besicht eis w.e.g. https://coinloan.io/.
Iwwer Blaze Informatiounssécherheet
Gegrënnt am 2016 vun erfuerene Beroder an der Computersécherheetszene, Blaze Information Security ass eng privat Cybersecurity Firma gebuer aus Joeren kombinéiert Erfahrung an internationaler Präsenz. Mat Sëtz an Däitschland, mat enger Präsenz a Portugal, Polen a Brasilien, servéiert d'Firma Clienten an iwwer 25 Länner.
Blaze bitt personaliséiert offensiv Cyberléisungen fir Finanzservicer Firmen, dorënner Fintech a Krypto. Eis Elite Team vun etheschen Hacker gleeft un technesch Exzellenz, verwuerzelt an onparalleléierter Erfahrung fir komplexe Projete fir SMBs an Entreprisen an Industrien ze liwweren, déi Banking, Technologie, Energie, E-Commerce, Startups a vill méi enthalen.
Fir méi Informatiounen, bei https://www.blazeinfosec.com
Verzichterklärung: Dëst ass e bezuelte Post a sollt net als Neiegkeet / Berodung behandelt ginn.
Source: https://ambcrypto.com/coinloan-bolsters-cybersecurity-by-partnering-with-blaze-information-security/