Case Study: a Hong Kong-based FinTech company strengthens platform security with UnderDefense

Hong Kong-Based FinTech Company - Customer Case Study

UnderDefense was engaged by a Hong Kong-based fintech company that operates a global money transfer and cryptocurrency exchange platform. The client's challenge was to proactively identify and rectify security vulnerabilities within their platform following a series of high-profile breaches in the cryptocurrency industry. They sought a comprehensive black-box security assessment to protect sensitive client data and ensure the safety of financial transactions.

The vendor, UnderDefense, conducted a rigorous three-week penetration test of the client's entire ecosystem, including its web and mobile applications, API, IT infrastructure, and Solidity-based smart contracts. The assessment uncovered critical and high-severity issues that, if exploited, could have led to a full application compromise and unauthorized financial transactions. The results provided the client with a clear roadmap of immediate and strategic recommendations, enabling them to avoid a potential data breach, improve their security posture, and safeguard their reputation and their clients' assets.