Claims Xinja investors spooked after 'red flags' in cyber security audit

Claims Xinja investors spooked after 'red flags' in cyber security audit
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A Las Vegas headquartered online security firm that claims it was hired by Dubai investors to audit Xinja says it found significant problems with the fallen neobank's technology that left customers vulnerable to cyber attacks.
Defensury director Luca de la Torre said his firm was enlisted by Abu Dhabi based World Investments to discreetly probe Xinja’s digital infrastructure ahead of finalising a $433 million lifeline payment announced in March.
But after detecting "red flags" with the neobank’s technology infrastructure, Mr de la Torre recommended World Investments withhold from providing any capital before encouraging a complete overhaul of the app.

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