Background
Xace is a financial services provider offering digital payment accounts tailored for businesses across various sectors, including online gaming, esports, and e-commerce. Their platform facilitates multicurrency transactions, foreign exchange services, and cross-border payments, serving a diverse clientele with complex financial needs.
As a company operating in the financial sector, Xace handles sensitive financial data and facilitates numerous transactions daily. Ensuring the security of their web applications is paramount to protect client information and maintain regulatory compliance. Recognizing the evolving landscape of cyber threats, Xace sought to implement a robust security solution to identify and mitigate vulnerabilities within their applications.
Challenges
Running DAST at the End of SDLC
XACE’s previous approach involved performing DAST only at the final stages of the Software Development Lifecycle (SDLC), delaying vulnerability detection and increasing the cost and complexity of remediation efforts.
Time-Consuming Manual Testing
The reliance on manual testing processes for vulnerability detection consumed significant time and resources, slowing down development cycles and hindering the ability to deliver secure applications efficiently.
Protecting Sensitive Financial Data
XACE handles large volumes of sensitive financial data, including client payment information and transaction histories. Protecting this data from cyber threats was critical to maintaining customer trust and ensuring data integrity.
Regulatory Compliance
Operating in a heavily regulated financial sector, XACE needed to meet strict compliance standards especially GDPR, such as anti-money laundering (AML) and data privacy regulations, to avoid penalties and maintain operational legitimacy.
How CyberImmune Helped
Comprehensive Application Scanning
Utilizing Bright Security’s DAST tool to perform thorough scans of Xace’s web applications, identifying vulnerabilities such as SQL injection, cross-site scripting (XSS), and other common threats.
Integration into Development Lifecycle
Being a developer friendly DAST solution, BrightSec was incoporated into Xace’s software development lifecycle (SDLC) to ensure continuous security assessments during development and deployment phases.
Actionable Reporting
Our experts helped in creating detailed reports outlining identified vulnerabilities, their potential impact, and prioritized remediation steps to enhance application security.
Ongoing Support and Training
Offering continuous support and training to Xace’s development and security teams to effectively utilize the DAST solution and maintain a proactive security posture.
