DIGITALX LIMITED
23 September 2015
• Second phase of security testing completed with exceptional results, highlighting highly secure and robust infrastructure
• Successful first phase of testing confirmed the application's ability to handle substantial load and scale rapidly
• Second phase successfully demonstrated the ability of the AirPocket infrastructure to withstand failures and disasters with no high-risk vulnerabilities identified
• Third Party security testing undertaken by leading U.S. technology security firm
Security Innovation
• Completion of security testing marks a significant milestone for AirPocket as it prepares to launch in public beta in select markets at the end of the quarter
Digital payments company Digital CC Limited (ASX:DCC and 'the Company') is pleased to announce that the second phase of security testing has successfully completed on schedule, ahead of the imminent public beta launch at the end of the quarter.
The second phase security testing, known as the Penetration phase, was carried out by an independent third party technology security firm Security Innovation, a leading U.S. provider of security and risk assessments to many S&P 500 companies.
Security Innovation attempted to find and exploit potential vulnerabilities in the AirPocket application and supporting infrastructure. During this phase of testing no high-risk vulnerabilities were identified and Security Innovation have confirmed the application has a robust system in place.
The infrastructure that supports the AirPocket application was designed from the ground-up to be resilient against failures of internal systems. This has been achieved by actively monitoring every component of the infrastructure, maintaining redundant backups of all functional units, and by implementing rigorous failover procedures that will be automatically executed in the case that a fault is detected. This allows AirPocket to recover from almost any disaster without interruption of service.
DCC is continually developing and improving its infrastructure to enhance its security and ability to recover from potential failures. The Company is in the process of implementing a number of security improvements to user workflows and methods to avoid exposure to low and medium risk exploits, which are undergoing integration into the application ahead of the public beta launch at the end of this month.
Zhenya Tsvetnenko, Executive Chairman, Digital CC Limited commented:
"I am extremely pleased with the development of the AirPocket application to date. The successful completion of the second phase security testing provides validation that the application can deliver a highly secure and robust platform for users to transfer funds. With the public beta launch imminent we are now integrating a number of final upgrades and additional security improvements as we begin to test the application in an external environment."
Joe Basirico Vice President of Security Services at Security Innovation commented:
"Security Innovation performed a thorough architecture review and security assessment on Digital CC's AirPocket Application Programming Interface (API). We found the API to be robust and well architected for security in order to support the AirPocket application."
Digital CC Limited
Zhenya Tsvetnenko Executive Chairman T: +61 8 9389 2000
media@digitalbtc.com
Alex Karis
Chief Executive Officer
T: +1 (617) 544 3150
Media
Media & Capital Partners
Asher Moses
Director
+61 438 008 616
Asher.moses@mcpartners.com.au
About Digital CC
Digital CC Limited 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 value chain 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 Massachusetts 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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