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Is VersaBank safe?
VersaBank risk score
The company’s data is at a low risk of being leaked, with minimal likelihood of financial loss, reputational damage, or privacy breaches affecting clients, partners or other individuals. However, it is important to regularly update and assess security measures to ensure that this risk remains low.
95/100
overall score
Total issues found:
134Updated 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.
VersaBank specializes in offering digital deposit and lending solutions to a diverse clientele, including corporations and individuals. Its core services encompass commercial lending and digital banking, with a strong emphasis on leveraging technology to enhance security and customer convenience. This digital-first strategy allows VersaBank to operate efficiently and maintain a competitive edge in the rapidly evolving financial landscape.
Regulated by the Office of the Superintendent of Financial Institutions (OSFI) in Canada, VersaBank adheres to stringent regulatory standards, ensuring robust risk management and the safety of customer assets. The bank's commitment to security is evident in its adoption of high-grade encryption and cybersecurity measures to protect client data and transactions.
VersaBank's innovative approach includes the development of proprietary solutions such as a blockchain-based digital vault for secure document storage, highlighting its commitment to harnessing new technologies to improve banking services. This focus on innovation not only enhances customer experience but also positions VersaBank as a leader in the digital banking space.
As the financial industry continues to evolve, VersaBank remains dedicated to exploring new avenues and technologies to meet the changing needs of its customers, ensuring it remains at the forefront of the digital banking revolution.
- Website:
- https://versabank.com
- Industries:
-
Banking
- Company size:
- 51-200 employees
- Founded:
- 1979
- Headquarters:
- 140 Fullarton Street, 20th Floor; London, Ontario N6A 5P2, CA
Security risk report
Phishing and malware
125 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
1 issue
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
2 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
6 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.