The use of digital finance & payments solutions is continously growing, & with it the security risks but also the security solutions.
Discover how MODO strengthten their infrastructure with DinoCloud.
MODO is the first Argentine wallet that implements, together with banks, discounts for purchases with immediate refunds to the user’s bank account.
As a pioneering digital wallet, MODO collaborates with financial institutions to offer instant cashback rewards, integrated payment methods, and exclusive banking promotions to its more than 9 million users.
Committed to providing safe and smooth financial services, MODO partnered with DinoCloud for two important projects to strengthen and optimize the
security of its AWS environment, aligning with the high standards of the AWS Financial Services Competency.
Stages, technologies, and services implemented
The first project involved a thorough review of MODO’s live production
environment’s security framework.
The main goal was to ensure strict adherence to security best practices and regulatory requirements in the financial sector.
Key areas included:
The second project focused on examining a staging environment, specifically aiming to comply with the Payment Card Industry Data Security Standard (PCI DSS).
This validation was essential before moving the staging environment into production to seamlessly introduce an advanced virtual wallet offering.
DinoCloud approached these challenges with a comprehensive security assessment approach. We created a custom application for the initial project, using open-source tools to carefully assess MODO’s infrastructure against top AWS security standards.
This application produced detailed findings and summarized results in an executive report, utilizing Open AI’s capabilities.
Additionally, a manual evaluation was done alongside the automated analysis. The same application from the first project was skillfully adapted for the second project to evaluate the new infrastructure’s alignment with PCI DSS requirements.
The first project involved a thorough evaluation of MODO’s existing infrastructure, resulting in a detailed security report that highlighted potential vulnerabilities and compliance gaps without immediate solutions. In contrast, the second project aimed to assess the new infrastructure’s strength in meeting PCI DSS compliance standards.
With the development & implementation of two security projects, MODO is ready to offer their growing customer base secure, reliable, and PCI-compliant financial services, reinforcing their position as a leader in the financial services industry.
Both efforts provided MODO with valuable insights into the security of their AWS environment. The comprehensive security assessment reports helped
MODO identify potential weaknesses and compliance issues, allowing them to proactively address and improve security procedures.
With a clear understanding of their security status, MODO is ready to offer their growing customer base secure, reliable, and PCI-compliant financial services,
reinforcing their position as a leader in the financial services industry.
Focus on your core business while DinoCloud provides the
technology outcomes you need by leveraging its expertise in
the cloud.
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