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Enhance Security Posture for Fintech Services within Telecom Platform
  1. case
  2. Enhance Security Posture for Fintech Services within Telecom Platform

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Enhance Security Posture for Fintech Services within Telecom Platform

n-ix.com
Telecommunications

Security Vulnerabilities in New Fintech Service

The client's expansion into fintech introduces significant security risks related to sensitive customer financial data. Comprehensive security testing is required to identify and mitigate vulnerabilities in the mobile application and backend systems to ensure the safety of user data and prevent financial losses and reputational damage.

About the Client

A major mobile telecommunications provider in Azerbaijan, expanding its services to include a fintech component to its existing offerings, serving millions of customers.

Project Objectives

  • Conduct a comprehensive security assessment of the fintech service.
  • Identify and mitigate security vulnerabilities in the mobile application and backend components.
  • Ensure compliance with relevant data security regulations.
  • Prevent security breaches, service disruptions, and financial/reputational damages.
  • Establish a robust security posture for the fintech service prior to launch.

Functional Requirements

  • Automated vulnerability scanning of the mobile application and backend systems.
  • Manual penetration testing to identify and exploit vulnerabilities.
  • Proof-of-concept exploit development and execution.
  • Detailed security reporting with remediation recommendations.
  • Integration with existing security monitoring and incident response systems.

Preferred Technologies

Flutter
Android
iOS
Burp Suite
Frida
ADB
MobSF
ApkTool
DEXTools
Eclipse Memory Analyzer

Integrations Required

  • Existing security information and event management (SIEM) system.
  • Existing vulnerability management system.
  • Development pipeline (CI/CD).

Key Non-Functional Requirements

  • Scalability to handle increasing transaction volumes.
  • High availability and reliability.
  • Strong security to protect sensitive data at rest and in transit.
  • Compliance with relevant data privacy regulations (e.g., GDPR, CCPA).

Estimated Business Impact

Successful completion of this project will significantly reduce the risk of security breaches, protect customer data, and enhance the trust and confidence in the new fintech service. This will minimize potential financial losses, reputational damage, and service disruptions, contributing to the overall success of the telecom provider's expansion into the fintech market.

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