Middle East
Regulated Cryptocurrency Exchange
A comprehensive penetration testing engagement across three public-facing websites and network infrastructure that uncovered 29 vulnerabilities, strengthening critical healthcare assets while helping safeguard sensitive patient and healthcare data against real-world cyber threats.
Middle East
Regulated Cryptocurrency Exchange
1
Web Application
VARA
Compliance Requirement
Retail & Institutional
Trading Platform
Preparing for VARA compliance required more than a standard security assessment. The client needed an independent penetration testing partner capable of identifying real-world security risks while delivering compliance-focused reporting and remediation support.
Qualysec's human-led penetration testing approach digs deeper into application logic, identifying vulnerabilities that automated scanners frequently overlook.
Every report and supporting document was prepared to align with VARA compliance expectations, making the assessment suitable for regulatory submission.
Cost-effective pricing together with flexible engagement models enabled the client to obtain enterprise-grade penetration testing without exceeding their security budget.
Qualysec's structured retesting process verified every implemented fix, giving the client confidence that vulnerabilities were resolved rather than merely documented.
By combining deep penetration testing, compliance-focused reporting, transparent communication, and comprehensive retesting, Qualysec provided the confidence needed to move forward with VARA compliance.
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Application errors returned detailed stack traces to users, exposing internal file paths and backend implementation details that could help attackers understand the application's internal architecture before launching targeted attacks.
Potential impact: Information disclosure and application reconnaissance.
The application redirected users to external URLs without proper validation. Attackers could exploit this weakness to redirect users to phishing websites appearing to originate from the exchange's legitimate domain.
Potential impact: Phishing attacks and user credential theft.
The application failed to validate user permissions on API parameters, allowing authenticated users to manipulate transaction IDs and access wallet balances, transaction history, or metadata belonging to other users.
Potential impact: Unauthorized access to sensitive financial information
Critical account-setting functions lacked anti-CSRF protection, enabling attackers to trick authenticated users into unknowingly changing important account configurations through malicious links.
Potential impact: Unauthorized account modifications.
Session tokens remained valid even after authentication changes or password updates, allowing attackers possessing pre-login session cookies to maintain unauthorized access to compromised trading accounts.
Potential impact: Persistent unauthorized account access.
Had these vulnerabilities remained unresolved, the trading platform could have become a much easier target for phishing attacks, application reconnaissance, unauthorized account access, and attacks against a live cryptocurrency trading environment.
Qualysec didn't simply provide a list of vulnerabilities. Every one of the 18 identified security issues was documented, analyzed, and supported with a clear remediation plan. The team worked closely with the client's engineering team to ensure every vulnerability was effectively addressed while supporting their VARA compliance journey.
We investigated the root causes behind the stack trace disclosure and open redirection findings to ensure vulnerabilities were addressed at their source.
Our security team worked closely with the client's engineering team to improve error handling mechanisms and restrict redirect targets to approved internal routes.
We structured the assessment report and supporting documentation to align with the client's VARA compliance submission requirements.
Following remediation, the application was retested to verify every vulnerability had been successfully resolved and that no new issues had been introduced during patching.
Compliance
VARA Compliance
Collaboration
Engineering Collaboration
Remediation Successfully Completed
0
Open Critical Issues
Infrastructure Secured
Platform
Secure Trading Platform
Ready for Regulatory Compliance
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Total No. Of Vulnerabilities
Years in Business
Assessment Completed
Trusted Clients
Countries Served