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Financial Services Organizations Tackling Cyber Attacks with Public Bug Bounty Programs

Capital Markets CIO Outlook | Friday, July 12, 2019

Building a picture of cybersecurity risk and assessing the maturity of security strategies can yield better business decisions.

FREMONT, CA: A data aggregator and personal financial management app provider, Personal Capital, launches a public bug bounty program with Bugcrowd, the leading crowdsourced security company. The program uncovers potential cybersecurity vulnerabilities and provides the company with information to quickly and efficiently act on these threats.

Financial services institutions are under siege, falling victim to cyber-attacks more frequently than businesses in other industries. Tackling contemporary cyber threats require well-defined processes and sophisticated security systems, along with a high degree of staff awareness and training. It is no easy task to prioritize and strengthen cybersecurity. Personal Capital answers this call by putting its dashboard through rigorous and relentless security testing to ensure its security is consistently improving. Working with Bugcrowd, Personal Capital can tap the expertise of the most uniquely-skilled hackers and security researchers in the world.

Personal Capital gives its customers a whole new way to see, understand, and manage their money. Its free online tools allow customers to view all of their accounts in one place, and the powerful dashboard provides deep insights into understanding the entire financial picture. A wealth advisor can leverage these tools to provide personalized wealth management advice that customers can trust and follow.

Personal Capital revolutionizes financial lives through technology and people. Its highest priority is keeping customer's financial data safe and secure and the company multiple layers of security, in every component of its systems, thereby, ensuring the safety of accounts and money and information privacy.