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Is Varo Bank safe?
Varo Bank risk score
The company’s data is at high risk of exposure or other security challenges, which could potentially result in financial loss, reputational damage, and privacy concerns. It seems that immediate action is required to address any existing breaches and to implement measures for further incidents prevention.
79/100
overall score
Total issues found:
878Updated on: August 14, 2024
For security teams to quickly address digital threats, efficiently handle zero-day incidents, and reduce their risk exposure time, we gather billions of signals each week from a multitude of sources. We help organizations identify risks, gain actionable insights, and respond faster to stay ahead of threats. This includes the collection and analysis of data from a multitude of clearnet and darknet sources to have a thorough and up-to-date understanding of a company’s digital stance.
The team at Varo Bank is a dynamic blend of seasoned banking professionals and cutting-edge technology experts. This unique combination ensures that Varo not only offers reliable and secure banking solutions but also stays at the forefront of technological advancements in digital banking. The expertise of its banking veterans provides a solid foundation of industry knowledge and practices, while the tech experts focus on developing and refining the mobile experience to meet the needs of a diverse customer base.
Since its inception, Varo has successfully secured substantial funding, amounting to over $992.4 million, from a variety of leading institutional investors and strategic partners. Notable contributors include Warburg Pincus, The Rise Fund, Gallatin Point Capital, Harbourvest Partners, Progressive Insurance, Russell Westbrook Enterprises, and Lone Pine Capital. These investments underscore the confidence in Varo’s potential to redefine the banking experience.
Varo Bank stands out in the financial landscape by not only offering traditional banking services but also by fostering a genuine commitment to inclusivity and accessibility. It strives to serve a broad spectrum of customers, making financial empowerment achievable for all. As it continues to grow and evolve, Varo remains focused on its mission to provide an exceptional banking experience that is attuned to the needs and aspirations of its users.
- Website:
- https://varomoney.com
- Industries:
-
Banking
- Company size:
- 501-1000 employees
- Founded:
- 2015
- Headquarters:
- San Francisco, California 94104, US
Security risk report
Phishing and malware
575 issues
The risks of malware and phishing include data and identity theft, system damage, financial fraud and losses, and the potential for credential compromise, which can lead to further attacks on personal or organizational systems.
Network security
9 issues
Network security issues can help hackers find and map out services on your network, revealing weak spots. Once they identify these targets, they can break in and move around the network to access more systems. This can lead to data breaches and other security problems that may disrupt your business operations. Keeping the network infrastructure up-to-date helps organizations defend against such risks by identifying vulnerabilities early and strengthening network defenses.
Email security
0 issues
Weak email security policies and improper email server configurations can lead to compromised accounts within your organization that are used to spread phishing, malware or spam through your official communication channels. Our approach helps identify and strengthen these policies, protecting the company's image and maintaining client trust.
Website security
294 issues
Website security vulnerabilities are the most common way for threat actors to initiate data breaches and deploy arbitrary malicious code, potentially stealing customer information, payment details and otherwise negatively impacting your company’s reputation. By using passive vulnerability scanning techniques, we can legally and with confidence identify exposed network nodes and check them for known vulnerabilities. This approach helps organizations protect their business operations and reputation by proactively securing their websites.
Outcome reliability
We gather billions of signals weekly from a multitude of sources to enable organizations identify risks and prepare actionable insights so that they could respond to threats faster. We ensure that all data is cross-checked for false positives and ensure an utmost quality to it. By providing valuable insights to security teams on various aspects of an organization’s cyber health we can ensure quick and appropriate responses to address digital threats, respond to zero-day incidents more efficiently, and minimize their risk exposure timeline. Learn more about our methodology .
Disclaimer
As a cybersecurity news platform, we aim to enhance digital safety by all means. For this reason, we developed this scoring system. However, the scores are intended solely for informational purposes and should not be interpreted as an absolute assessment of a company’s cybersecurity strength or weakness. The methodology used to generate these scores may not capture all factors relevant to a company’s cybersecurity risk.
All information is provided without a warranty of any kind, express or implied. Users may use this information at their own risk. We are not responsible for the consequences of any unauthorized use of these scores, including, but not limited to any decisions made, as a result of or reliance upon anything contained in herein or any damages of any kind, including without limitation direct, indirect, consequential, exemplary, special or other damages.