Iterative API penetration testing for Securrency

Client Overview

Securrency is a leading blockchain technology company offering innovative financial and security compliance tools to issuers, institutions, and brokers. With a mission to revolutionize financial logistics, they leverage blockchain technology to automate business logic and global compliance requirements. Collaborating with some of the largest banks and financial institutions worldwide, Securrency is at the forefront of deploying powerful blockchain-based financial services and compliance infrastructure.

The Challenge

• Need for Comprehensive Security Assessments: As Securrency rapidly expanded its platforms, they required regular and thorough penetration testing for their web applications, mobile applications, and APIs to identify and mitigate vulnerabilities.
• Integration with Agile Development Cycles: With frequent updates every 3–4 months, they needed security testing that aligned seamlessly with their development pace.
• Securing External APIs: Ensuring that their externally deployed APIs were secure before each update was critical to maintain client trust and comply with industry regulations.
• Embedding Security into Development: There was a need to integrate security assessments into their development lifecycle and empower their development team with security best practices.

The Solution

Iterasec provided tailored cybersecurity services to address these challenges:

• Web Application Penetration Testing: Conducted thorough security assessments of Securrency’s web applications, identifying critical vulnerabilities and providing actionable remediation plans.
• Mobile Application Security Testing: Performed in-depth security evaluations of their mobile applications, ensuring both Android and iOS platforms were secure against potential threats.
• Regular API Security Testing: Executed iterative penetration tests on their APIs every 3–4 months, aligning with their development cycles to ensure each update maintained high security standards.
• Integration into Development Process: Collaborated closely with Securrency’s development teams, integrating security assessments into their workflow and providing training on secure coding practices.
• Continuous Security Support: Provided ongoing security expertise, becoming an integral part of their development process to proactively address new vulnerabilities and security challenges.

The Results

• Enhanced Security Posture: Identified and mitigated critical vulnerabilities across web, mobile, and API platforms, significantly strengthening Securrency’s overall security.
• Proactive Security Integration: Established a security-first approach within the development lifecycle, leading to early detection and resolution of security issues.
• Empowered Development Team: Equipped Securrency’s developers with the knowledge and tools for secure coding, reducing the introduction of new vulnerabilities.
• Increased Trust and Compliance: Strengthened client and partner confidence by demonstrating a commitment to security, aiding in regulatory compliance necessary for collaborations with major financial institutions.
• Streamlined Development Process: The integration of security assessments into their agile development cycles improved efficiency and reduced delays caused by security issues discovered late in the development process.

Conclusion

Our comprehensive approach enabled Securrency to overcome critical security challenges and protect their innovative blockchain-based financial platforms. By addressing both technological vulnerabilities and integrating security into their development process, we contributed to their long-term resilience and success in the highly regulated financial technology sector.