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.
Labels:

Comments

Post a Comment

Popular posts from this blog

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 t...
Post a Comment
Read more

Best Easy Tools To Build A Website

It’s always essential for businesses to have a presence among their customers via a website. No matter how modest launch your business have, its needs a website for online users to find out what’s new and trendy you are going to sell them in future coming days. As the online buying trends increased over a period of time so, not having a user-friendly website will be a pitfall for a business. To create an efficient and users friendly website it’s essential for a business to hire the services of a website development agency as they have the professionals with years of experience in development. Tools for Development Nowadays a verity of economical and low priced tools are available which helps small and medium-sized business around the globe to prepare a website to boost the sales of their products and services. Yola is a cost effective platforms which permit its users to build a basic website by picking a template and filling out few simple forms. It cost only $100 to upgrade ...
Post a Comment
Read more

How Software Testing Works Actually?

Testing is an extremely important phase in software development. The use of computers is not limited to the desk only they have moved into everything we use. Almost all the devices we use have computer software thus making testing even more necessary. Software testing ensures that a program is run the way it was supposed to run in the first place, that is without any errors. It undertakes to enhance the quality and reliability of a program. Two types of testing are the most commonly used testing services . They are the black-box testing technique and the white-box testing technique.
1 comment
Read more