Sparrow is excited to announce our collaboration with Horangi, leading cybersecurity firm in Asia, to strengthen platform security.
At Sparrow, we strive for the highest security standards and constantly promote better security practices. Recently, we successfully completed CertiK’s rigorous platform audit.
Continuing our rigorous security testing regime, Sparrow engaged Horangi to conduct a penetration test on our web application.
Horangi’s Penetration Test Process
Horangi’s leading team of cybersecurity experts was chosen to test the security resilience of the Sparrow platform. In this particular penetration test, the Horangi team focused on identifying the common vulnerable security components of web applications and looked at cost-effective ways to help Sparrow tighten the security of those components.
Horangi used a mix of automated and manual testing to dig for vulnerabilities on the Sparrow web application platform. The methods used in penetration testing was in line with internationally recognized frameworks like the OWASP Top 10.
Through the penetration test, Horangi found that the Sparrow platform is well-equipped with robust security mechanisms, configurations and checks that mitigate the common major security risks. When benchmarked against the industry standard, Sparrow has demonstrated through its platform a strong alignment to security best practices, with the resilience and maturity to respond to any potential cyber threats.
Other than the penetration testing, Horangi also suggested application enhancements in the pentest report that can improve the security maturity of the Sparrow platform.
Kenneth Yeo, CEO of Sparrow said, “Sparrow is committed to providing the most secure platform to enable everyone and anyone to trade confidently. We recognize the world-class standard of Horangi’s cybersecurity consultants and are proud to have passed their stringent security assessments on Sparrow’s web applications.”
Horangi Cyber Security is a Singapore-based cybersecurity company that offers an integrated SaaS security platform and CREST-accredited services like pen-testing and incident response. Horangi operates in 7 countries around the world and its solutions are trusted by leading Asia organizations such as Go-Jek, Ninja Van, Bukalapak, and MoneySmart.
Sparrow | www.sparrowexchange.com is the leading options trading platform, providing the simplest way to control risk and monetize your digital assets. Trade with confidence in the world’s best options trading platform powered by smart contracts.
Sparrow is backed by organizations such as Signum Capital, Hyperchain Capital, Kyber Network, LuneX Ventures, Arrington XRP Capital, Digital Currency Holdings, Du Capital, The Yozma Group, QCP Capital, 256 Ventures and Jubilee Capital.
Professional traders use Sparrow APIs for maximum performance. Sparrow aims to serve the needs of all traders by providing a wide range of industry-leading trading tools. Horangi’s deep expertise in securing smart contracts and data-driven approach to cybersecurity will give Sparrow meaningful insights to make their platform and ecosystem more secure.