Skip to main content

How Penetration Testing Works? Let’s have a look on it

Thriving Banking & Financial institutions are facing a huge risk regarding the quality assurance of their financial products as financial security is now becoming a huge challenge for them to maintain user’s reliability. Commercial software & apps need to be tested & evaluated with a consistent approach so as to maintain optimum quality standards. As now, more than 38 %of the IT spending is done by the development firms around the globe to preserve optimum quality standards, so it is now essential for every financial institution out there to hire the services of a Penetration testing team so as to maintain the quality of their IT infrastructure. Quality assurance managers of any financial intermediary have to keep in mind the significance of penetration testing of all the IT infrastructures installed in their service departments. In a case of any negligence, they might have to face a decline in overall customer reliability in their financial products. Here is the list of financial intermediaries, those could be exposed in case if proper testing has not been carried out.
  • Money & Capital Markets
  • Mortgage Fund Companies
  • Insurance companies
  • Banking institutions 
  • Mutual & Hedge Funds

Penetration Testing Procedures for a Financial Intermediary

Financial products are more exposed to vulnerabilities & threats, and it’s vital for every financial institution to sustain the quality of their products by employing regular penetration testing tools. Penetration testing team can surely help by evaluating security levels through implementing a five-way process. Security & Vulnerability assessment process for a financial software or an IT infrastructure is as follows
  • listing out the susceptibilities and risks devoted with a Financial Product
  • picking out the high-risk area that needs immediate attention
  • Identify the requirements for security policies & procedures
  • Implementation of security evaluation tools to configure defects in commercial product
  • Preparation of recommendation to improve safety & quality of commercial product
Any Penetration testing services provider adopt the following above mentioned five-step procedure so as to find out the bugs & inefficiencies attach to a financial product. First, they adopt those frameworks which identify the bugs and then implement testing strategies to overcome impact. The important thing about security testing is that it has to be consistently applied so as to sustain the quality of any financial product; otherwise potential invaders can implement certain changes to accomplish desired results as per their wish. In a nutshell; as the overall money & capital markets have to face security challenges worldwide so implementation of top quality safety standards on persistent time intervals will be the only choice for financial institutions to retain the quality of their products.

Comments

Popular posts from this blog

Software Testing Procedures for Online Accounting Software

Most of the accounting software are online and could be access by just by logging in. Most of the available accounting software are connected to the recording of sensitive financial data. Any vulnerability or bug can affect the overall desired expected quality of these financial software in a long run. It’s the responsibility of developers, engaged in the development of accounting software to ensure quality of their developed program on all available devices and platforms. To ensure quality, they have to hire a software testing company engaged in the process of quality assurance and software test analysis. Any software QA consulting firm use the process of automation testing, security testing, functional testing and performance test analysis to maintain quality. The list of most advanced accounting software are…

How to Enhance the Quality of Android Messages App

Quality of any IT product or app plays a significant role in assuring the user’s reliability. Quality assurance of any android messaging app is really essential, so as to keep the interest of new as well as existing app users. Android messaging app is basically developed by Google and have thousands of users across the globe. As per the Google play statistics and reviews available on site, some the users are facing vulnerabilities and bugs at the time of installation of this app. Most of the time, these kinds of vulnerabilities occur because of any performance bug or failure. It’s the responsibility of android messages app developers to contain overall quality of their app by hiring a software testing company. Android messages app delivers the following features.

Why It’s Important To Use Test Management Tools

Software testing is a complicated method that takes time to delivers expected results. Software test management tools can make software testing a fully productive and reliable process to endure quality for a long-lasting time. A wide range of test management tools are available out there, but Kualitee is the most advanced and reliable one when it comes to quality assurance. Kualitee is an ultimate test management solution for the QA professionals of a software testing services firm to maintain the quality of their refined products for a long-lasting time span. This specific test management tool delivers the following test analysis benefits to all of its users.
Customizable Test Fields
Kualitee is a kind of a tool which helps its users to prepare customizable test fields according to the test project requirement. If you have a third party integrated data source, then kualitee will surely help you to implement your test cases efficiently. A flexible testing approach will be there for th…