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Hackers To Help Revolut Crypto Company Protect Its System

16:27 21/02/2019
Hackers To Help Revolut Crypto Company Protect Its System

Revolut, a rapidly growing British financial and technological crypto company, will employ a team of cyber experts to strengthen its security system, the Independent reports.


The startup, which provides services of cryptocurrency exchange, was created in July 2015. Russian bankers Nikolay Storonsky and Vlad Yatsenko were at its origins.


The company will hire five cyber specialists to crack its IT system and detect vulnerabilities. Thus, hackers will imitate possible real attacks, it will help prevent such threats from crypto fraudsters in the future.


New employees will monitor the company's security operations, as well as browse web pages that do not always exist in the public domain and are popular with cybercriminals when searching for potential threats, Revolut information security officer Paul Heffernan stated. One of the tasks of the new team is to hack the company's systems, the specialist added.


It is assumed that the team will include experienced cyber specialists and will be formed in the next two to three months. In total, Revolut currently has about 700 employees. In April 2018, the company acquired the status of “unicorn”, its capital value reached $1.7 billion. In 2019, Revolut expects to enter many markets, including the United States, Canada, and Japan.


Earlier, the study of Marketforce LIVE showed that British banks consider fintech startups in the field of cryptocurrency and blockchain their main threat.

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