CYBER HACKERS ARE ALWAYS LOOKING
for new ways to exploit vulnerabilities in Web-facing software applications so they can access credit card numbers, social security IDs, bank account PIN numbers, and even customer funds. Not surprisingly, software security is the top concern for most businesses, including digitalX (ASX: DCC), a digital payments company.
When digitalX began closed beta testing on its latest transaction software, AirPocket™ called upon the leading independent U.S. security firm, Security Innovation, to provide risk assessments and penetration testing services. Security Innovation previously provided similar services for digital BTC’s leading digitalX Direct™ software.
AirPocket enables money to be sent anywhere in the world. Taking advantage of the sharing economy paradigm pioneered by Uber and Airbnb, users can send money to each other through the use of an AirAgent™. They can also send funds and payments directly through the mobile app, without an agent, in peer-to-peer transactions. AirPocket makes novel use of the bitcoin blockchain as a recorded ledger for an internal remittance network to facilitate lower-cost transactions and create transparency.
“ With our specialized digital transaction products, it is important to work with a firm with proven expertise in testing for software security flaws efficiently and making recommendations on how to fix them,” says Alex Karis, Chief Executive Officer of digitalX. “Security Innovation was our choice from the beginning because their technology team had the best understanding of the emerging blockchain technology, as well as deep experience in the banking and financial industries.”