Electroneum: The Defense?


by KDW 257 Views comments

Electroneum: The Defense?

Well, the title of our article suggests the defense, in that we mean that Electroneum have announced their tie up with San Francisco industry leader hackerone.com.

Responsible for the security of some of the major players such as Uber, Spotify and perhaps more importantly here, Coinbase and Blockchain, this announcement is welcomed, although it is yet another delay release of online wallets.

Here's what they had to say in a recent statement:

As you know, after experiencing a real, credible, security threat, we closed access to the Electroneum wallet system and app to allow time to completely overhaul our software and network infrastructure.

We've been working closely with Amazon AWS (our network infrastructure providers) and we've been implementing security enhancements from our discussions with them and from a third party security consultants.

After officially becoming one of the top 30 cryptocurrencies in the world ( https://coinmarketcap.com/ ) and following the advice of our security consultants, we have taken the decision that in the interest of our users' security we should apply an Enterprise level security audit and extensive penetration testing before release.

We’ve enagaged the services of a security agency that works for the US Department of Defense as well as Coinbase, Spotify, Uber, Blockchain and dozens more top tech companies. We have agreed terms with Hackerone (Hackerone.com) in San Francisco, one of the world's top security and vulnerability testing experts. Hackerone are to carry out vulnerability and and penetration testing of our platform before launch. The indicated testing timescales are three to four weeks.

I'd like to once again apologise for the inconvenience that this continued delay has caused you. We have done this in the interest of all our users, and to ensure we are in the best possible position to achieve the first mass adoption of a cryptocurrency, and be an attractive secure payment solution to commercial partners.