4 Reasons Why Your Digital Vendors needs Penetration Testing

Quixy Editorial Team

November 21, 2023

Ever wondered if your digital vendors are the weak link in your cybersecurity chain? ‘4 Reasons Why Your Digital Vendors Need Penetration Testing’ unveils the pivotal role of ensuring robust security measures. Are your vendors leaving your digital fortress vulnerable? Let’s explore why penetration testing is the shield your partnerships desperately need.

The post-pandemic world is going to feature digital infrastructure comprehensively. Every organization throughout the globe has started paying increased attention to technology, as being digital-first is the only way to be. Subsequently, there is an increased need to secure digital products from increased threats. The pandemic saw a sharp increase in cyber-attacks and data breaches all across the globe. By 2025, approximately 60% of companies are expected to consider cybersecurity risks crucial when deciding on transactions and partnerships with third-party entities.

In a study conducted by Microsoft and Frost and Sullivan, it was stated that:

A large-sized organization in Asia Pacific can possibly incur an economic loss of US$30 million, more than 300 times higher than the average economic loss for a mid-sized organization (US$96,000) [in the case of a breach]; and cybersecurity attacks have resulted in job losses across different functions in almost seven in ten (67%) organizations that have experienced an incident over the last 12 months.

Learn more about our security, privacy and compliance practices

As hackers are gaining more ground, it is crucial for digital products to be two steps ahead of them. There needs to be an increased focus on understanding the technology risks that any software can be exposed to. An established method of ensuring the safety and security of digital platforms is penetration testing.

What is Penetration testing?

Penetration testing is like a “security check-up” for computer systems. It involves cybersecurity experts pretending to be hackers to find and fix any weaknesses before real attackers can exploit them. This helps organizations strengthen their defenses and protect against potential cyber threats.

Reasons Why Digital Vendors Need Penetration Testing

Penetration testing, also referred to as ethical hacking and white hat attack is a process where an application’s security is evaluated by exploiting its vulnerabilities so that they can be fixed. It helps in realizing the impact of the system’s flaws, and as a result, corrective action can be taken in order to prevent any undesirable circumstances. Penetration testing is not the same as vulnerability scans. They give a background to these vulnerabilities, exposing exactly how they can be exploited. Here are four reasons why penetration testing is a must for digital vendors in order to ensure top-notch security for their clients:

1. Risk assessment

For some businesses, their IT infrastructure is quite crucial to the overall functioning of their organization. Even if it is interrupted for a day, the costs associated might be too high to deal with. Understanding this area falls under the gamut of risk assessment. The end goal is to uncover the various risks that any digital infrastructure is exposed to and understand its potential impact.

Penetrating testing acts as a great tool for risk assessment as it provides organizations with a list of high-priority objectives and exercises they need to carry out in order to achieve maximum security. According to the probability and impact of the threats identified, informed decisions can be made by the management.

2. Penetration testing for compliance

Certain compliances and regulations make it mandatory to undergo penetration testing, failing which hefty fines might be incurred. Worse, it can even lead to the cancellation of licenses and legal proceedings. This a result of data security being a priority for more and more regulators throughout the world, as they want to ensure the privacy and safety of their citizens and organizations. Despite the fact that penetration testing cannot resolve the concern of data privacy directly, it sure eliminates the various threats that are brought up by software vulnerabilities.

3. Eliminating the risk of data breach

Loss of confidential data would be disastrous for any organization, especially when the data might go into the wrong hands. Cybercriminals usually sell the data on the internet, where rival companies might get their hands on precious data. Needless to say, the losses so incurred will be monumental, to say the least. Therefore, penetration testing is very important in order to fend off such disastrous consequences and to ensure the continued success of organizations.

4. Maintaining revenue and goodwill

In tandem with the point discussed above, it is clear that data breaches lead to not only monetary losses but also lead to a loss of reputation. Failure to take adequate measures to ensure data security reflects poorly on the image of the organizations, rebuilding which would be a Herculean task. It makes much more sense to take measures like penetration testing in advance to prevent any such loss of goodwill that has been built over the years.

Also Read: Login Authentication in Quixy: Streaming Security and Access 

How No-Code Low-Code Platforms Can Help

No-code/low-code platforms contribute significantly to maintaining robust cybersecurity through penetration testing. These platforms offer an advantage by allowing quick creation and deployment of applications with built-in security features. They facilitate the implementation of regular penetration testing within the development cycle, enabling organizations to identify and rectify vulnerabilities promptly. By integrating security testing seamlessly into the development process, these platforms ensure a proactive approach to cybersecurity, fortifying systems against potential threats and maintaining a strong defense posture.

Also, No-code low-code development platforms play a crucial role in fortifying cybersecurity through penetration testing by democratizing the process. They empower non-technical personnel to simulate cyberattacks and identify potential loopholes in applications without extensive coding knowledge. These platforms streamline the penetration testing process by integrating automated testing tools and predefined security measures. This not only saves time but also ensures a more comprehensive assessment of security protocols. Ultimately, it fosters a proactive security culture, allowing organizations to address vulnerabilities and bolster their overall cybersecurity posture preemptively.

Conclusion

As a leading Business Process Management (BPM) and Application Platform-as-a-Service (aPaaS) provider, Quixy understands the importance of data security. Security is the highest priority with a strict no-compromise policy being adhered to at each and every step. Starting with the choice of cloud infrastructure that hosts the platform, the platform per se, and the ready-to-use applications designed on the platform – all of these three crucial aspects necessarily meet the highest security standards.

Also read: Why Quixy’s ISO 27001 Certification Is Important?

Quixy undergoes penetration testing constantly to ensure that no software vulnerabilities find a way into our platform. As we strive to be a trusted digital partner for our clients, we understand the importance of the confidence shown in our platform and we go out of our way to ensure that data security is never an issue. We deploy methods, penetration testing being one of them, in order to ensure that we have all our bases covered and we are two steps ahead of cybercriminals and hackers.

In order to achieve digital success, you need to choose digital platforms that are taking maximum effort to ensure the very best for your organization. Organizations across the world trust Quixy as their digital vendor and are bringing about digital transformation in a timely, safe and innovative manner.

So, what are you waiting for? Don’t miss out on the chance to elevate your processes. Take the first step and get started with Quixy today.

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