Cybersecurity Audit and Pentesting for Banking
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FinTech
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Cybersecurity
Cybersecurity Audit and Pentesting for Banking
"Cybersecurity experts provided consulting and penetration testing services for an international bank, conducting a thorough security audit of their CBS."
Cybersecurity experts provided consulting and penetration testing services for an international bank, conducting a thorough security audit of their CBS.
The Client
The Client was a well-known banking institution with branches all over the world. We worked with a local branch of the company. Since they needed assistance with regulations compliance and the overall security maturity level, they also asked to test their security infrastructure.

What We Delivered
In the course of a thorough IT security audit, the team of cybersecurity specialists (technical experts, IT auditors, finance experts, and psychologists) applied the methods of penetration testing and social engineering. Our check revealed that overall the system was well-protected, but there were still areas for improvement. The team identified certain gaps in security, the exploitation of which would allow an intruder to violate confidentiality and retrieve classified data including their customers’ personal information such as secret words, password hashes, etc. We found vulnerabilities both in their software for internal use and in the client-server application. Social engineering methods helped us evaluate the overall level of security awareness among personnel and assess how likely the bank’s employees were to be involved in malevolent actions.
Outcomes & Impact
The client received our recommendations on what to improve in their systems. In addition, all data on vulnerabilities we passed to the developers of their core banking software led to an update for all banks in the country using that system at the time.
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