The head of one of the world’s main suppliers of banking software has discussed how his company hires Israeli companies to try and hack its systems and expose security flaws.
Francisco Fernandez is the founder of Avaloq, a Swiss banking security company. It provides protection to some of the world’s top banks, including Barclays, HSBC and RBS in the UK. It is responsible for protecting accounts holding just over £3 trillion.
In a piece published by the BBC, Mr Fernandez discussed some of the techniques his company uses to defend against cyberattacks, including paying Israeli companies to attempt to breach its defences.
"The Israelis are very, very good, they [the young tech workers] are coming out of active military service, and they are brilliant,” said Mr Fernandez.
