Digital technology is one of humanity’s incredible inventions, which carries both benefits and risks. In the risk category, cyber threats constitute the greatest concern that professionals face today, across all sectors. In its 2023 “Global Risks Report,” the World Economic Forum warned that cybersecurity would remain a challenge throughout 2024, with financial systems and communications infrastructure most vulnerable to cyberattacks.
By prioritizing data security, iTech Software avoids cyber threats, helping online brokers run their businesses without interruption and reduce costs. The company enjoys particular notoriety in the fintech sector for its turnkey brokerage solution that meets even the most demanding needs of Forex, CFD and crypto entrepreneurs.
iTech also takes credit for building an agile security system that protects brokerage platforms and websites from malicious interference. Deploying cutting-edge distributed denial of service (DDoS) defense technology, iTech Software has developed a cybersecurity solution that ticks all the boxes.
Mitigating Cyber Attacks
The innovative technology company has demonstrated remarkable ingenuity in finding lasting solutions to long-hidden problems in the industry. Here’s how iTech can significantly reduce the risk of cyberattacks:
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Dedicated servers. Committed to ensuring the security of its customers’ data, iTech Software stores all of its partners’ data on dedicated servers. This not only provides operational autonomy, but also protects against external interference.
With a dedicated server, brokers using iTech’s technology suite benefit from improved performance, scalability and security on their website and platform. Most importantly, the server can be customized to each broker’s needs while being hosted in one of iTech’s ultra-secure data centers.
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Daily database backups. iTech customers can rest assured that all their critical data is backed up every 24 hours, ensuring seamless access even in the event of unforeseen events.
Keeping its partners operationally efficient, the company restores all lost sensitive data from a backup copy with 99% of content and changes preserved. From database (DB) replication to faithfully saving DB file changes with a timestamp to event logging, nothing is lost.
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Mirroring technology for maximum website resilience. When it comes to protecting websites from tampering, iTech’s server mirroring technology wins. Providing optimal load balancing, this sophisticated system provides website fault tolerance of 99.99% during massive hacking attempts, limiting their damaging effects.
By shutting down the attacking cluster, the system rebuilds server communication in such a way that the website remains operational even during the attack, without data loss.
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Static IP. Another essential element for players in the online trading market is maintaining access to their back-office systems. To help brokers keep tabs on their back-office activities and prevent malicious interference, iTech has come up with the right solution for brokers using its CRM: a static IP address. This gives users constant whitelisted IP network identification, allowing brokers to control who can access their back-office systems without posing a threat. Another key advantage of static IP is convenient remote accessibility.
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Two-factor authentication (2FA). Phishing (i.e. data breach involving lost or stolen credentials) is one of the most prevalent forms of cyberattack targeting online brokers. With its added 2FA (two-factor authentication) layer of protection, iTech Software stops phishing attacks by neutralizing the risks associated with any compromised credentials – before they even happen. This helps build trust in brokerage services, ensuring that traders’ sensitive information is protected at all times.
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Monthly security reports. Always alongside the client, the technology provider publishes monthly security reports that provide a clear overview of the status, allowing brokers to respond quickly and effectively to potential threats.
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Quarterly third-party audits. To ensure the security of its customers’ data, iTech has partnered with trusted cybersecurity companies that regularly conduct audits to preserve the integrity and security of any system.
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Secure API integration. To minimize vulnerabilities, brokers can safely use iTech’s API to securely connect to affiliate and IB websites.
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Proxy branding. Anonymity, access to global CDNs, multi-level content caching, a web application firewall (WAF), and a rock-solid access policy are the main benefits of using proxy protection servers such as those from iTech. iTech Software makes every brand proxyable, or in other words, it protects its IP address, extending its lifespan without compromising security.
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Anti-bot algorithm. Digital bots have been polluting the online space for decades and their harmful effects are well known, especially in the brokerage industry. If not stopped, they can jeopardize a broker’s reputation. This is where iTech’s powerful anti-bot algorithm comes into play, making broker websites impregnable. For added protection, brokers can also add a CAPTCHA seal to their homepage.
Thus, by presenting brokers with a technological package covering all the bases of brokerage operation and optimization, from customer relationship management to marketing, including back office and website cybersecurity, iTech Software appears to be the essential technology provider for trading platform operators. looking for a competitive advantage.
And you? Looking to beat the competition? Contact iTech Software and find out how you can get the edge you deserve.
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