DIGITALX LIMITED
6 August 2015
• Security Innovation, a leading U.S. technology security firm, have successfully completed a security assessment on the AirPocket app
• AirPocket's infrastructure has demonstrated outstanding results during security assessment and reflects the Company's requirement to develop a highly secure product
• Stress testing confirmed the app's ability to handle substantial load of over one million transactions per day to enable rapid scalability
• Security Innovation confirmed AirPocket uses industry best practices and has a robust system, resilient to security attacks
• The Company is now preparing for the next phase of testing with Security Innovation that will be completed by end of August
• Public beta launch schedule is on target by end of September quarter
Digital payments company Digital CC Limited (trading as digitalBTC, ASX:DCC and "the Company") is pleased to announce it has successfully completed its internal security assessment and stress testing phase of the AirPocket app's infrastructure.
Leading independent U.S. security firm Security Innovation conducted the assessments. Security Innovation provides risk assessments and testing to many S&P 500 firms and has worked with hundreds of companies since forming in 2002.
Security Innovation methodically examined the security of the back-end systems. The focus was on AirPocket's infrastructure design and special consideration was placed on the application's authentication model, sensitive data crossing security boundaries, interactions with 3rd party components, and common threats regarding secure practices in crypto-currency
operations, which is of key importance given the application's use of the secure Blockchain technology.
Internal stress testing of the infrastructure confirmed that the application has the ability to handle a substantial load, of up to 12 transactions per second, equity to over one million transactions per day. Its modular infrastructure design also enables the technology to be scaled rapidly to process an increased number of transactions.
During the testing phase it was established that AirPocket has in place current best practices and a robust system, meaning it has a low surface of vulnerability, which is far less likely to come under attack.
The Company is now preparing for the next phase of testing with Security Innovation. The next phase is a penetration-testing phase, which will assess the API (Application Programming Interface) to determine whether there are any weaknesses or issues before the public beta phase commences in the U.S. and select Latin American markets.
Zhenya Tsvetnenko, Executive Chairman, digitalBTC commented:
"We are both pleased and encouraged by these results. The initial testing phases for an application are incredibility important and the app's infrastructure has demonstrated outstanding results so far. We've been working towards developing an app, which has high standards of security and these results are a reflection of this achievement to date."
Joe Basirico Vice President of Security Services, Security Innovation commented:
"digitalBTC recognises the importance of application security to its customers and is dedicated to bringing products to market that meet high standards for security. Security Innovation is proud to partner with digitalBTC to insure that it meets or exceeds security best practices across all its products."
For further information please contact:
Zhenya Tsvetnenko Executive Chairman T: +61 8 9389 2000
media@digitalbtc.com
Alex Karis
Chief Executive Officer
T: +1 (617) 544 3150
Media & Capital Partners
Asher Moses
Director
+61 438 008 616
Asher.moses@mcpartners.com.au
Digital CC Limited, trading as digitalBTC, operates as an innovative software solutions company, providing investors exposure to the global digital payments systems industry through disruptive fintech solutions in the remittance and digital currency sectors.
The Company has developed a suite of new and innovative software for institutions and consumers, leveraging Blockchain technology and the secure ledger system to create new and innovative products for institutions and consumers.
The Company's most recent product, AirPocket, is designed to provide consumers with the ability to securely and cost-effectively send remittances in any currency, from anywhere, anytime, regardless of the transaction size.
Digital CC Limited is based in Perth, Australia and has offices in Boston and New Jersey, U.S.
Security Innovation is a globally recognised authority in application security, has authored eight books on the topic, and invented methodologies that are in use at Microsoft, Symantec, ING, Sony, and several Federal Government organisations.
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