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Finery Markets achieves top security grade in web application penetration testing

June 1, 2023

Finery Markets has successfully completed a comprehensive Web Application Penetration testing, carried out by globally recognized cybersecurity consulting firm UnderDefense between April 28 and May 8, 2023. The security framework of our Web Application was honored with an outstanding grade of "A".

Per UnderDefense's grading criteria, this "A" grade signifies that the security protocols at Finery Markets go beyond the "Industry Best Practice" standards. Overall security posture was deemed excellent, with only a handful of low-risk findings, all of which have been fully addressed and resolved by our product team.

The testing procedures were rigorously conducted in line with global standards, such as the Penetration Testing Execution Standard (PTES), the OWASP Top 10 Application Security Risks, the OWASP Web Security Testing Guide, and the Open Source Security Testing Methodology Manual (OSSTMM).

Ilya Drozdov, Co-founder and CTO of Finery Markets said:

"At Finery Markets, we understand the paramount importance of security in today's digital world. We aimed to evaluate our current level of business security with the assistance of leading industry experts, identify any gaps in our cybersecurity posture, and scrutinize our IT environment for potential weaknesses. This was a demanding task, but we were always determined in our commitment to safeguarding our customers' information. Furthermore, we are persistently working to enhance our IT security measures and improve our operational processes. Receiving an 'A' grade is a testament to our dedication to staying at the forefront and doing whatever is necessary to maintain exceptional security."

About Finery Markets 

Finery Markets is a leading OTC multi-dealer electronic marketplace for crypto businesses &  institutions and a trading solutions provider for crypto markets. 

Serving clients since 2019 Finery Markets provides solutions throughout the whole trade lifecycle:

  • High performance execution venue with deep institutional liquidity and firm quotes

  • Price intelligence and pre-trade risk management tools 

  • Position management, risk controls, reporting tools and cost analysis, as well as  flexible settlement based on a non-custodial model

  • Single entry-point to aggregated liquidity from global liquidity providers via API and GUI

  • Robust infrastructure: 99.99+% uptime and full automation

Finery Markets platform is also available as a white-label solution for prime-brokers, OTC desks and exchanges that are looking to develop and expand client business. For additional information please visit https://finerymarkets.com/ 

About UnderDefense 

UnderDefense is a boutique cybersecurity company that started in 2016 and now has 45 top-notch security talents with a laser focus on Managed Incident Detection and Response and Ethical Hacking. UnderDefense operates across the United States and Europe. They are also a member of the European Business Association, a member and contributor of Open Web Application Security Project (OWASP), a global security community.

UnderDefense Recognized as Clutch Global Leader in IT & Business Services in the Cybersecurity segment and ranked #3 out of 1940+ companies between Top Cybersecurity Consulting Companies by customers feedback provided on Clutch.co

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