Finance Case Studies

Comprehensive Security Audit for a Crypto Asset Management Platform

Below is an overview of one of our case studies, highlighting Defenda Network's expertise in managing complex challenges in this industry.

Background and Challenges

Defenda Network partnered with a company providing a platform for managing and trading crypto assets, primarily targeting retail investors. Given the high standards of the cryptocurrency market, ensuring maximum reliability and security of the platform was paramount. The company faced challenges in protecting users' financial data, preventing unauthorized transactions, and maintaining compliance with international security standards.

Defenda Network conducted a comprehensive security audit of the system, including:

Platform Architecture and Data Protection Assessment: Collected data on the software stack, platform architecture, used technologies, and data management systems. Verified data encryption during storage and transmission.

API Security Evaluation: Analyzed APIs and assessed their protection against injection-based attacks.

Access Control and Authentication Testing: Conducted thorough testing of the two-factor authentication and access control system.

Server Configuration Analysis: Analyzed server configurations, including security settings, logs, and activity monitoring mechanisms to ensure robust protection.

Solution Implementation

Results

The audit uncovered vulnerabilities in data processing and storage processes, with significant risks related to improper encryption configurations at certain stages. Additionally, weaknesses in API protection were identified. Based on these findings, a detailed report and action plan to improve system security were provided.

This case demonstrates the critical importance of securing platforms that handle crypto assets, where every system component must be thoroughly vetted and tested. Through the conducted audit, the company gained a clear understanding of existing risks and actionable steps to eliminate them, ensuring reliable data protection and stable platform operation. Defenda Network’s efforts enhanced the platform's security, helping to meet industry standards and maintain investor trust.