In February 2020 Finance Magnates reported on how the Panda Trading Systems Cyber Security team discovered major attacks on the Financial Trading Sector. The team at PandaTS found a Trojan horse that was capable of stealing client data and that was being sold on the dark web. One of the main lines of defense for Brokers using PandaTS solutions was the Panda Vault that since then has continued to be developed and improved. With the highly publicized breaches of high-profile Twitter accounts last Month including former President Obama and Bill Gates, Cyber Security once again hit headlines around the world.
Samuel Gutman, CEO of PandaTS said: “The security measures deployed run through the spine of the back-office systems via centralized hierarchy and permissions. Even if someone took a photograph of their screen the personal information of the client is not displayed. Phone calls are initiated at a click of a button, as are emails and text messages.”
The PandaTS Vault encrypts and secures personal, financial and accounting information behind layers of the most up to date encryption and blockchain technologies – meaning that not only is the data secure from theft, but even if data is somehow removed the level of encryption makes it worthless.
“The system is built on a Zero Trust security model meaning that it starts with protecting data from everyone and only then allowing access via layers of access granted rather than working from open data that is restricted by permissions. This ensures the highest levels of security possible.” continued Samuel Gutman, “In the case of Twitter, it looks like there could have been an internal breach, this kind of threat is something that the PandaTS Vault is designed to minimize and something we are constantly working on.
“We have always understood the importance of data security, which is why we developed the Vault and offer it to our clients at no additional cost. Today more than 80% of brokers using Panda Trading Systems are being protected by the Panda Vault.”
About Panda Trading Systems
For 15 years, Panda Trading Systems (Panda TS) has been providing best of breed technology and services to the
global online trading industry. The combination of both company culture and comprehensive solutions deliver the tools for long term success and growth for brokers worldwide.
The systems are built with: security, reliability, efficiency and internal collaboration at their core and are driven by the needs of the market by both request and by foresight. Ancillary services such as assistance with licensing, compliance, incorporation, payments, marketing and more are in place to make brokers’ lives easier ensuring that: Panda Trading Systems is not just a technology provider but a complete solution provider dedicated to the success of their brokers and making trading better for everyone.
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