Challenger bank Revolut is employing a team of five hackers to infiltrate its IT systems so the company can build better cyber defences and prevent data breaches. The hackers, who are working for an unnamed US firm, have been able to access information on more than 100 million customer accounts in order to steal names, email addresses, dates of birth and encrypted passwords that Heffernan believes the difficulty banks face in updating their IT systems could lead to partnerships with fintechs in the future.
Challenger bank Revolut is employing a team of five hackers to infiltrate its IT systems so the company can build better cyber defences and prevent data breaches. Revolut previously only employed Paul Heffernan, chief information security officer, but he has since been tasked with building an in-house team. Heffernan believes the difficulty banks face in updating their IT systems could lead to partnerships with fintechs in the future.