In a world where cyber threats and security breaches are increasingly common, collaboration between the cyber industry and financial technology is vital.
Paid is a service which takes on the invoicing responsibilities for businesses, paying them as soon as their customers have approved projects.
Since launching in 2018, the talented tech company has gone from strength-to-strength, being part of the Barclays Techstars 2019 class, selection to the Technation FinTech group and piloting their platform with a national telecommunications organisation.
With an ever-expanding client base, Paid wanted to invest more intensely in its security and looked to the DigitalCity initiative who connected them with cyber security experts, North Cyber Security.
A review of Paid’s software then took place before a full penetration test with an ethical hack to discover any hidden vulnerabilities.
Tom Howsam, director of Paid, said: “North CS has a really professional setup, having people understanding software means that they could get up to speed with our requirements with one call. Then when they got started, we were able to be hands off.
“At the end of the process they delivered a report and debrief on their findings, which was exactly what we wanted. I would use them again and recommend them.”
As a result of the project, Paid now has an extra level of reassurance knowing its protected from hackers, as well as the confidence to access bigger contracts and expand its services on a national level.
North Cyber Security offers penetration testing and IT, technology and software due diligence on investments, mergers and acquisitions ranging from £1m to £300m. Its client portfolio includes everything from local start-ups that are in the process of creating their own online platforms, to established enterprises across the globe.
Ben Kenyon, director of North Cyber Security said: “It’s so important that any organisation that is processing data through a platform, website or SAAS product undertakes a penetration test to prevent the possibility of a data breach and some daunting consequences on a substantial scale.
“The test isn’t just a one-off activity, it’s something that needs to be carried out yearly to highlight any vulnerabilities.
“Although we work with established businesses worldwide, we always love to work with local companies where we can. In fact, we’re on the lookout at the moment to work with more SAAS businesses and web development agencies who build SAAS products locally and globally.”
If you’re the owner of a website, it is your responsibility to make sure data is secure and you have the necessary tools in place to prevent any security breaches. By undertaking a penetration test with North Cyber Security you can avoid hefty fines from the ICO and prevent any damage to your reputation.