CoinLoan partners with Blaze Information Security to boost cybersecurity

By Joy Dumasia

CoinLoan has partnered with Blaze Information Security, an information security company that fixes security misconfigurations and helps businesses combat cyberattacks, including major banks, FinTech, and cryptocurrency companies.

CoinLoan’s platforms were examined for potential vulnerabilities during the fifteen-day testing period. According to Blaze, the company maintains above-average security standards, is well-trained on threats, and responds to issues in less than two hours on average.

OWASP Top 10 Mobile, OWASP Top 10 API Security, and other security tests Blaze developed over years of experience indicated CoinLoan was vulnerable. In collaboration with Blaze, CoinLoan’s cybersecurity team fixed the problems as soon as they were identified.

“While CoinLoan’s security experts regularly perform internal security audits and code reviews and our Bug Bounty program lets white-hat hackers test our system for bugs and vulnerabilities, we believe that every company that puts the highest priority on security must undergo penetration testing by a professional third-party auditing company. We chose Blaze because they have the experience and know-how needed to test specific factors unique to the crypto sphere,” Max Sapelov, CTO of CoinLoan, explained.

“Over the past six years working with financial institutions, we have successfully completed over 1,500 penetration testing projects. In that time, we have seen multinational banks with untold numbers of cybersecurity issues and crypto companies struggling to stay on top of the rising tide of crypto-related cybercrime. Our team was very impressed with CoinLoan’s initial security standards, and we are proud to have helped them further strengthen these standards and provide their customers with a transparent look at the steps they are taking to keep their investments safe,” said Julio Cesar Fort, Managing Partner and Director of Professional Services at Blaze Information Security.